Gambia Emergency DPO (WB-P163285)

Countries
  • Gambia
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
Jun 30, 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
THE REPUBLIC OF GAMBIA
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)
$ 56.00 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)
$ 56.00 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 23, 2017

Disclosed by Bank Apr 26, 2017


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Project Description
The development objective of Emergency Development Policy Operation Project for The Gambia is to support strengthening the government’s fiscal position while restoring the provision of essential public services. The operation will provide emergency financial support to The Gambia as the authorities strive to restore macro-fiscal sustainability while shielding poor and vulnerable households from the impact of the economic crisis. This operation is articulated around three intertwined pillars in support of the PDO as follows: 1) The first pillar consists of rapid-response fiscal stabilization measures; 2) The second pillar starts addressing critical fiscal risks from State-Owned Enterprises (SOEs); and 3) The third pillar is to mitigate the social impact of the economic crisis in health centers
Investment Description
  • World Bank (WB)
Contact Information
Name: Ministry of Finance and Economics Affairs Contact: Honorable Minister Amadou Sanneh Title: Minister of Finance and Economic Affairs Email: aasanneh.co@gmail.com 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.