Additional Financing Children and Youth Protection Project (WB-P167851)

Countries
  • Argentina
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
C
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
Nov 1, 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 Argentina
The holder of the loan, grant, or other investment.
Sectors
  • Finance
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)
$ 450.00 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)
$ 450.00 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 Dec 14, 2018

Disclosed by Bank Jul 31, 2018


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Project Description

The development objectives of the Children and Youth Protection Project for Argentina are to: (i) expand coverage of the family allowances programs; and (ii) improve transparency of social protection programs implemented by national administration of social security (ANSES). The additional financing (AF) and restructuring will scale up the project’s activities and support achievement of its development objectives. The resources of the AF will be allocated to component 1 (financing the universal child allowance) for cost-effectiveness reasons. The following changes will be introduced: (i) setting new disbursement-linked indicators (DLI) targets associated with the new funding for component 1, reflecting the faster-than-expected achievements of the project; (ii) adding new and innovative activities to be carried out under sub-component 3.1, financed with savings from the successful implementation of the original loan; (iii) including new indicators to reflect both these new activities and to improve the monitoring of the already existing strategies for expanded coverage; and (iv) adopting the Bank’s new procurement framework

Investment Description
  • World Bank (WB)
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.