AF Incentive Program DPG (WB-P164882)

Countries
  • Afghanistan
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 14, 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
Government of Islamic Republic of Afghanistan
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
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)
$ 90.00 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 Aug 9, 2018

Disclosed by Bank Apr 27, 2018


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Project Description

The proposed grant will help the government of Afghanistan to meet its development objectives as articulated in the new Afghanistan National Peace and Development Framework (ANPDF) in the context of constrained tax revenues and declining aid. The proposed operation supports a range of reforms under two broad pillars as described below:

A) Strengthening the policy framework to support state-effectiveness, private investment, and social inclusion

  • E-payments and mobile money reforms will support development of the regulatory framework for expanded access to customs and tax dues
  • Civil service reforms will support retention of key skills and address long-standing issues of equity, while also encouraging the hiring of women civil servants
  • Business environment reforms will encourage investment
  • Power sector reforms will improve the financial sustainability of the power utility, ultimately leading to lower prices for consumers
  • Land reforms will provide land rights to informal occupants of state-owned urban land
  • The Irrigation Policy and Dryland Agriculture Policy will encourage sustainable use and management of water resources

B) Improving the policy and institutional framework for public financial management

  • Reforms to public investment management will ensure that projects are aligned with government priorities and have undergone proper appraisal
  • Tax administration reforms will support the roll-out of fast track filing
  • Expenditure management reforms will improve the allocative and technical efficiency of Operations and Maintenance expenditures

 

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Tae Hyun Lee
Title: Lead Economist
Tel: +93-701-133-467
Email: tlee4@worldbank.org
Location: Kabul, Afghanistan

Contact: Tobias Haque
Title: Senior Economist
Tel: +93-701-113-346
Email: thaque2@worldbank.org
Location: Kabul, Afghanistan

Borrower
Contact: Khalid Payenda
Title: Deputy Minister for Finance, Ministry of Finance
Tel:+ 93-20-210-2838
Email: khalid.payenda@mof.gov.af

 

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.