Cabo Verde Disaster Risk Management Development Policy Credit and Loan with Cat DDO (WB-P160628)

Countries
  • Cape Verde
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 30, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
MINISTRY OF FINANCE AND PLANNING
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 8.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 16, 2019

Disclosed by Bank Jul 13, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The development objective of the proposed operation is to support the Government of the Republic of Cabo Verde in:

  1. Strengthening the institutional and legal framework to increase disaster and climate resilience; and
  2. Incorporating disaster and climate resilience considerations and technical standards into the management of school infrastructure and territorial planning.

The proposed operation is designed to support the Government’s ongoing reforms to mainstream and incorporate disaster risk reduction and climate resilience as a cross-cutting requirement through the sectors and development planning. Cabo Verde has recently started designing the legal and institutional framework that set the stage
for a comprehensive disaster risk management system. The program supported by this DPC/L supports the establishment of the necessary institutional structures and protocols to increase the preparedness, response capacity, and resilience to natural catastrophes. Such an institutional framework is essential for mainstreaming DRM and climate resilience into the decision-making process. Furthermore, the reforms will also strengthen the territorial planning and urban development processes and increase disaster and climate resilience of public and private school infrastructure assets, which will reduce the long-term human and economic impact of disasters.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank:
Oscar Anil Ishizawa Escudero, Robert Curle Jesse Reid
Senior Disaster Risk Management Specialist

Borrower:
Ministério das Finanças
Carla Cruz
National Director for Planning
carla.cruz@mf.gov.cv 

Implementing Agency:
Ministério das Finanças
Carla Cruz
National Director for Planning
Carla.Cruz@mf.gov.cv 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

How it works

How it works