Sao Tome and Principe: Institutional Capacity Building Project (WB-P162129)

Countries
  • Sao Tome and Principe
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 18, 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
Government of Sao Tome and Principe
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
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)
$ 12.00 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)
$ 12.00 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 Jul 11, 2018

Disclosed by Bank May 24, 2017


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Project Description

The objective of the project is to contribute to improved capacity of public institutions to: i) supervise the banking system; ii) promote access to finance; iii) manage public finances; and, iv) produce national statistics. Project will be implemented through four components.

  1. Financial soundness and access component - will strengthen the Central Bank’s capacity and systems in order to enhance financial sector soundness and increase access to financial services.
  2. Strengthening budget credibility, tax base, and SOE governance component will strengthen the capacity of the MoF to increase budget credibility, broaden the tax base and improve the governance and oversight of SOEs.
  3. Property registration and statistical development component will support the systems, capacity, and information reporting abilities for property registration and the National Statistics Institute (INE).
  4. Project implementation support component will finance staff of the project implementation unit in charge of coordination, procurement, and financial management of theproject.
Investment Description
  • World Bank (WB)
Contact Information

Borrower:
Ministry of Finance, Trade and Blue Economy
Sandro Trigueiro
Advisor
sandrotrigueiros@gmail.com


Ministry of Finance, Trade and Blue Economy
Lindley Monteiro de Jesus
Advisor
linjesus@hotmail.com


Implementing Agency:
Central Bank
Dilson Tiny
Executive Director
dtiny@bcstp.st

ACCOUNTABILITY MECHANISM OF WORLD BANK

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