Congo - Emission Reductions Program in Sangha-Likouala (WB-P163361)

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
Proposed
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
Mar 31, 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
REPUBLIC OF CONGO
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 85.13 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 Mar 2, 2019

Disclosed by Bank Jun 17, 2017


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Project Description

The Project Development Objective is to make results-based payments for greenhouse gas emission reductions from reduced deforestation, forest degradation and the enhancement of forest carbon stocks in Sangha and Likouala, and to distribute these payments in accordance with an agreed-upon Benefit Sharing Plan.

Investment Description
  • World Bank (WB)
Contact Information

Name:Calixte Nganongo, Minister of Finance, Budget and Public Portfolio
Contact:Calixte Nganongo
Title:Minister of Finance
Email:cg.minfin@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.