WAEMU Affordable Housing Finance (WB-P161658)

Countries
  • Ivory Coast
  • Senegal
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
Sep 28, 2017
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
BOAD
The holder of the loan, grant, or other investment.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 155.00 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)
$ 155.00 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 Oct 2, 2017

Disclosed by Bank Jan 5, 2017


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Project Description
The development objective of the WAEMU Affordable Housing Finance Project for Western Africa is to expand access to long-term housing finance in WAEMU, including for undeserved households.the project will have a financing component (IDA scale-up facility credit to the West African Development Bank -Boad) and a technical assistance component (regional IDA grant to WAEMU).the IDA suf credit to BOAD requires a waiver from the board.although IDA financing to Boad would not benefit from the usual sovereign guarantee, the risk of non-payment is low.the financing to BOAD will comprise two components. First component, will provide long-term loans to banks secured against small mortgage loans. Second component, will extend funding for housing loans to non-bank financial institutions, serving the informal sector, and households with low incomes.
Investment Description
  • World Bank (WB)
Contact Information
CRRH Christian Agossa Managing Director cagossa@crrhuemoa.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.