Integrated Risk Management in the Rural Agroindustrial System (WB-P162316)

Countries
  • Argentina
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 24, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Argentina
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 187.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 23, 2019

Disclosed by Bank May 12, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank, the development objective of the Integrated Risk Management in the Rural Agroindustrial System Project for Argentina is to improve the management of agricultural risks by eligible beneficiaries and selected public institutions. The project comprises of four components. The first component, strengthening agro-climatic information systems consists of following sub-components: (i) development of tools and systems; and (ii) institutional capacity development. The second component, agricultural risk mitigation investments will support vulnerable family farmers (and the agro-industrial sector as a whole) in mitigating agricultural risk through the preparation and implementation of regional (interprovincial) agricultural value chain risk strategies (AVCRSs) and provincial integrated agricultural sector risk management plans (PARMPs). It consists of following sub-components: (i) institutional strengthening for the integrated management of agricultural risk; (ii) public investments; and (iii) adoption of climate-smart agriculture (CSA) technologies. The third component, agricultural emergency response financing and transfer of agro-climatic risks aims to improve the operation of the agricultural emergency system at the national and provincial levels to cover larger numbers of family farmers. The fourth component, project coordination, monitoring, and evaluation provides support to Ministry of Agroindustry (MAI), through General Directorate of Sectoral and Special Programs and Projects (DGPPSE), for: (i) project coordination and management; (ii) monitoring, results evaluation, and assessment of project activities; (iii) project fiduciary administration, internal controls, and audits; (iv) project environmental and social risk and safeguard management; (v) a citizen engagement mechanism and grievance redress mechanism; and (vi) project-related studies.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

There was no information at the time of the snapshot. 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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.

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