Additional Financing for Social Protection System Project (WB-P164152)

Countries
  • Mexico
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
Jan 29, 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.
Sectors
  • Education and Health
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)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 300.00 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)
$ 300.00 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 Jul 11, 2018

Disclosed by Bank Sep 29, 2017


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Project Description

According to the World Bank, the development objectives of the Social Protection (SP) System Project for Mexico are to support the government’s effort to increase access of PROSPERA beneficiaries to social and productive programs, and develop instruments for an integrated social protection system.

PROSPERA is Mexico's conditional cash transfer program. Those who qualify for the program based on economic measures must comply with their health and education-related co-responsibilities. Compliance in checked every two months. 

The additional financing will scale up the effectiveness of the well-performing SP System Project by extending further support to PROSPERA beneficiaries, and increasing positive impacts on consumption, education, health, and nutrition for the poor and vulnerable (including indigenous peoples), with continued focus on supporting the ongoing building of linkages with social and productive programs in the larger SP system.

The restructuring will bring following changes:

(i) modification of the scope of current activities, including incorporation of new tasks for selected sub-components

(ii) reallocation of loan resources within components but not within categories

(iii) revision of result indicators and targets

(iv) extension of the closing date of the original loan to align it with the June 30, 2021 closing date of the additional loan.

Investment Description
  • World Bank (WB)

This loan will come from the International Bank for Reconstruction and Development.

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.