Second poverty reductionand inclusive growth DPO (WB-P161619)

Countries
  • Mali
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
U
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
Jul 5, 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
MINISTRY OF FINANCE
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)
$ 60.00 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 Feb 14, 2019

Disclosed by Bank Apr 17, 2018


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Project Description
This second operation maintains the development objectives of the first operation: (i) foster inclusive growth, and (ii) support to pro- poor decentralized transfers and social protection.

 

The operation supports the first objective through a set of mutually reinforcing real-sector reforms that should lead to increased incomes for poor rural households. Point of departure are reforms in the provision of agricultural subsidies. This is accompanied by multi-sectoral measures to enhance financial inclusion, improve security of tenure, to expand the mobile phone network, to increase competitiveness in the telecom sector and to improve the performance of the electricity sector. The second objective is operationalized by increasing the coverage and reducing

 

the fragmentation of the social protection system and by supporting accelerated decentralization. This is an important element of the Peace Agreement as reflected by the commitment to almost double the share of spending by non-central entities (collectivités territoriales) from appr oximately 16% of the budget in 2016 to 30 percent in 2018. As governance remains an area of concern, the Authorities have been notified that good governance is an important prerequisite for the PRIGSOseries as is maintaining macro -economic stability.
Investment Description
  • World Bank (WB)
Contact Information
Contact: Johannes G. Hoogeveen
Title: Lead Economist
Tel: (202) 473-1669
Fax:
Email: jhoogeveen@worldbank.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.