Lebanon Municipal Investment Program (WB-P166580)

Countries
  • Lebanon
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
Sep 2, 2019
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 Lebanon
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • 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)
$ 100.00 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)
$ 100.00 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 Feb 13, 2019


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Project Description

According to bank documents, the proposed overarching objective is to (i) expand long-term, sustainable financing options for municipal infrastructure investments, and (ii) improve municipal service standards in secondary and tertiary cities. The objective for SOP I (US$100 million, 2019-2022) is to (i) improve access to municipal services for host communities and displaced persons in participating tertiary cities; and (ii) develop capacity to mobilize and absorb infrastructure financing. The Project Development Objective (PDO) for SOP II ($50 million, 2022-2026) is to (i) address the municipal infrastructure and service delivery deficits in participating secondary and tertiary cities; and (ii) mobilize private sector financing for municipal service provision.

LMIP will work on two tracks to support participating municipalities in reducing their infrastructure and service delivery gap. First, in the short-term, and in coordination with other donor partners, it will provide immediate financing support to LMIP-targeted host communities in tertiary cities. This urgent and immediate intervention could complement and possibly trigger private investment in some cases. Second, LMIP will support the Government in establishing an enabling environment for municipal PPPs that will help leverage private sector investment and participation in the delivery of municipal infrastructure and services.

Within a total financing package of $150 million (SOP I and SOP II), LMIP SOP I would require $100 million and be structured around the following components:

  1. Municipal Infrastructure Investments (US$85 million). This component would be a first-tier response to the municipal infrastructure and service delivery deficit, which was exacerbated by the Syrian crisis. It will enable the financing of priority investments to bolster municipal service capacity in up to ten participating municipalities that are host communities to a large number of displaced Syrians.
  2. Municipal PPP Enabling Environment (US$12 million). This component would be designed to lower the risk and increase the attractiveness for investment and partnership with the private sector in municipal PPPs and infrastructure service provision.
  3. Component 3. Project Management Costs (US$3 million). The Council for Development and Reconstruction (CDR) would be the implementing agency for LMIP and this component would provide CDR with the means to retain qualified and competent consultants necessary to oversee effective implementation and monitoring of the LMIP.
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Sateh Chafic El-Arnaout
Lead Urban Specialist

Borrower:
Ministry of Finance
Implementing Agencies
Council for Development and Reconstruction (CDR)
Mr. Nabil El Jisr
President
njisr@cdr.gov.lb 

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.