Additional Financing for Nicaragua Second Land Administration Project (WB-P163246)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Managua, Estelí
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
B
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
Jun 14, 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
Government of Nicaragua
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
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)
$ 18.00 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)
$ 18.00 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 Aug 14, 2017

Disclosed by Bank Apr 18, 2017


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Project Description
The objectives of the Additional Financing for the Second Land Administration Project for Nicaragua are: (a) to strengthen the property rights of the population in the Project area through improved regularization, titling, and registry services; and (b) to improve Nicaragua's capacity to respond promptly and effectively to an eligible emergency. The Additional Financing focuses on: (i) expanding the Integrated Cadastre Registry Information System (SIICAR) in Managua and Estelí; (ii) scaling-up cadastral, titling, and regularization services; (iii) strengthening municipal cadastre capacity; and (iv) supporting land administration studies and Project management, monitoring and evaluation. The Additional Financing will use the existing implementation arrangements, with the exception of two of the co-executing agencies, the National Institute for Development Information (INIDE) and the Ministry of Environment and Natural Resources (MARENA), given that their activities will be completed under the original credit.
Investment Description
  • World Bank (WB)
This investment project financing consists of a USD 18 million loan from the World Bank's International Development Association (IDA). To allow sufficient time to complete all Additional Financing activities, the project’s closing date will be extended by 18 months, from December 31, 2018 to June 30, 2020.
Contact Information
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.