Strengthening the Capacity of Regional Financial Institutions in the CEMAC Region (WB-P161368)

Regions
  • Africa
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
Bank Risk Rating
C
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
May 4, 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
Banque des Etats d' Africque Centrale (BEAC)
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 35.00 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)
$ 35.00 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 Feb 28, 2019

Disclosed by Bank Sep 19, 2017


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Project Description

According to WB documents, the project aims to strengthen the capacity of selected CEMAC regional financial institutions to implement their mandates in the areas of financial stability, inclusion and integrity. The project has five components:

Component 1. Strengthening the Capacity of BEAC and COBAC to Implement their Financial Stability Mandate

Component 2. Strengthening the Capacity of BEAC and COBAC to implement their Financial Inclusion Mandate

Component 3. Strengthening Capacity of GABAC to Implement its Financial Integrity Mandate

Component 4. Supporting Selected Reforms through Results Based Financing

Component 5. Project Implementation

Investment Description
  • World Bank (WB)
Contact Information

Team Leader: Philippe Marie Aguera

Senior Financial Sector Specialist, World Bank

No contact information provided at the time of disclosure.

 

Jean Michel Lobet

Senior Financial Sector Specialist, World Bank

No contact information provided at the time of disclosure. 

Borrower: Banque des Etats d' Africque Centrale (BEAC)
Sarwal ADOUM MAHAMAT, Deputy Director Internal Relations
Email Address: adoum@beac.int


Implementing Agencies: 

Banking Sector Commission of the Central African States - COBAC
Halilou Yerima Boubakary, Secretary General
Email Address: halilou@beac.int


Groupe d' Action contre le Blanchiment d' Argent en Afrique Centrale (GABAC)
Geoffroy MBOCK, Permanent Secretary
Email Address: geoffroy.mbock@spgabac.org

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.