Burkina Faso - Bagre Growth Pole Project Additional Financing (WB-P161234)

Countries
  • Burkina Faso
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
A
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.
Voting Date
Mar 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Burkina Faso
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 50.00 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)
$ 60.00 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 Jun 25, 2018

Disclosed by Bank Nov 1, 2016


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Project Description

The development objective of the Bagre Growth Pole Project for Burkina Faso is to contribute to increased economic activity in the project area, resulting in an increase in private investment, employment generation, and agricultural production. The additional financing (AF) will cover costs of electricity, roads, and the diagnostics for an industrial park for agricultural transformation in the project area, which have not been completed under the existing credit because of cost overruns for the construction of irrigation canals. It will also allow for scaling up existing activities such as establishing effective investment promotion systems, improving the investment climate, providing additional support to value chains in the project area, and land tenure pilots. The major changes are: (a) change in the project development objective (PDO); (b) addition of activities to the existing three components; (c) modifications to the results framework; (d) extension of the closing date from November 30, 2018 to November 30, 2020; and (e) funding will be utilized primarily for the maintenance of roads and electric power infrastructure.

Investment Description
  • World Bank (WB)
Contact Information
Contact:Martin Maxwell Norman
Title:Senior Private Sector Speciali
 
Contact:Aguiratou Savadogo-Tinto
Title:Sr Transport. Spec.
 
Contact:Michael Weber
Title:Senior Economist

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.