Additional Financing - RoC - Statistics Capacity Building Project (WB-P162345)

Countries
  • Congo, Democratic Republic of
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
Apr 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
Democratic Republic of Congo
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)
$ 25.00 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)
$ 25.00 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 Nov 1, 2017


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Project Description

The development objective of the Statistics Capacity Building Project for Republic of Congo are to (i) strengthen the National Statistical System in the production and, dissemination of timely and robust statistics relevant for policies and decision making, and (ii) promote the demand for statistical information. The proposed additional financing (AF) would help close the financing gap that resulted from the Government’s inability to release the anticipated counterpart funding. In the past two years, the Republic of Congo has been facing severe financial constraints due to the decline in oil prices. The additional loan would also help finance costs associated with new activities requested by the Government including the (a) construction of a new building for the National Institute of Statistics (Institut National des Statistiques, INS) and the Center for Applied Statistics and Planning (Centre d’Application de la Statistique et de la Planification, CASP) – (‘complexe INS-CASP’); (b) implementation of a general enterprise census; (c) introduction of performance-based payments (PBPs) as a means to increase motivation and performance of staff; (d) technical assistance (TA) to support the macroeconomic framework committee; and (e) support to the development of a National Development Plan (NDP).

Investment Description
  • World Bank (WB)
Contact Information
Contact:Yele Maweki Batana
Title:Senior Economist

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