Fiscal Sustainability and Energy Development Policy Operation (WB-P166752)

Countries
  • Madagascar
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
Approved
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
Aug 7, 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 Madagascar
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)
$ 40.00 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)
$ 40.00 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 Mar 21, 2019

Disclosed by Bank May 28, 2018


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Project Description

The program development objectives of this standalone operation are to:(i) Strengthen fiscal reporting and transparency to improve decision-making and oversight of public investments, and (ii) Improve the governance of the electricity sector.

The reforms supported by this objective are arranged under two pillars in line with the two development objectives of the operation.

  1. The reforms under pillar 1 related to public investment financing includes:
    1. Improving Transparency of Externally Financed Public Investments,
    2. Improving Transparency of SOE Financial Operations, and
    3. Improving Transparency of Debt Reporting.
  2. The second pillar supports JIRAMA’s reforms in three areas:
    1. improving corporate financial governance;
    2. institutionalizing least-cost investment planning and competitive generation procurement; and
    3. reducing commercial losses.
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Natasha Sharma, Faniry Nantenaina Razafimanantsoa Harivelo
Senior Economist

Borrower:
Ministry of Finance and Budget
Vonintsalama Andriambololona
N/A
ministre.mfb@gmail.com

Implementing Agency:
Ministry of Water, Energy and Hydrocarbons
Laurent RAJAONARIVELO Mr
meeh.sg@gmail.com 

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.