Africa Region - Improved Investment Climate within the Organization for the Harmonization of Busines (WB-P164728)

Regions
  • Africa
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 8, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Organization for the Harmonization of Business Law in Africa
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 20, 2018

Disclosed by Bank May 8, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The development objective of Improved Investment Climate within the Organization for the Harmonization of Business Laws in Africa (OHADA) Project is to strengthen OHADA’s institutional capacity to support, in its member countries, selected aspects of investment climate reforms, including improved corporate financial reporting. This project has three components. 1) The first component, Building institutional capacity and sustainability of OHADA and Project implementation, aims to include, in addition to the support to OHADA legal reforms agenda and the strengthening of the permanent secretariat, a subcomponent aiming to implement activities that will contribute to ensure the sustainability of OHADA. It has the following subcomponents: (i) Strengthening OHADA Programs; (ii) Supporting OHADA sustainability; and (iii) Strengthening OHADA Permanent Secretariat and supporting project implementation. 2) The second component, Capacity building for the Common Court of Justice and Arbitration (CCJA) and Regional Superior School for Magistrates (ERSUMA) has the following subcomponents: (i) Strengthening the Institutional capacity of the Common Court of Justice and Arbitration; and (ii) Strengthening the institutional capacity of the ERSUMA. It has the following subcomponents: (a) Enhancing ERSUMA’s position as a leading training institution; and (ii) Developing ERSUMA’s research capacity on business law. 3) The third component, Improving Corporate Financial reporting, aims to improve the financial reporting of companies in OHADA member countries using modernized accounting standards, support the adoption and implementation of updated audit standards, strengthen the capacity of Professional Accountancy Organizations (PAOs), and increase access to quality training and continuing professional development programs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Organization for the harmonization of Business Law in Africa
Pr. Dorothe C. Sossa
Secrétaire Permanent
sossa.sp@ohada.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.

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How it works