Yemen Emergency Crisis Response Project - Second Additional Financing (WB-P163729)

Countries
  • Yemen
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
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
May 19, 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
United Nations Children Fund
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)
$ 200.00 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)
$ 200.00 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 13, 2017

Disclosed by Bank May 1, 2017


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Project Description
The development objective of Yemen Emergency Crisis Response Project (ECRP) is to (i) provide short-term employment and access to selected basic services to the most vulnerable; (ii) preserve existing implementation capacity of two service delivery programs; and (iii) provide emergency cash transfers to the poor and vulnerable in response to the food crisis. This fist level of restructuring requires second additional financing (AF2) of two hundred million US dollars to respond to the food crisis in Yemen. The AF2 will reach the most vulnerable Yemenis, most of whom cannot participate in labor and cannot therefore benefit from the cash for work program supported by the original ECRP (e.g. elderly, disabled, female-headed households, etc.). The AF2 will hence provide direct cash assistance to purchase food and will scale up the impact of the project and target an additional 1.5 million among the chronic poor and most vulnerable households, with targeted cash transfers.
Investment Description
  • World Bank (WB)
Contact Information
Name:UNICEF Contact:Meritxell RelaƱo Title:Country Representative Email:mrelano@unicef.org 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.