Second Private Sector Competitiveness & Economic Diversification - AF (WB-P160964)

Countries
  • Lesotho
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
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Lesotho
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 13.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 13.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 13, 2017

Disclosed by Bank Dec 1, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to bank documents, the objective of this project is to improve the business environment for firms, strengthen select government institutions, and further diversify the economy. The Additional Financing (AF) would seek to ensure that: (i) legislation supported by the Project is passed and implemented, (ii) automated systems supported by the Project are widely used, (iii) institutional changes supported by the Project are completed and institutional entities are fully operational, and (iv) deciduous fruit production, piloted by the Project, is supported by an enabling environment that facilitates investment in the sector. A new activity would include support for issues of trade facilitation and logistics given their cross-cutting importance to the economy. The parent project is the Second Private Sector Competitiveness and Economic Diversification Project (P144933).
Investment Description
  • World Bank (WB)
Contact Information
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.