Egypt Strengthening Social Safety Net Additional Financing (WB-P168414)

Countries
  • Egypt
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
Feb 28, 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 Egypt
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 500.00 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)
$ 500.00 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 Jan 16, 2019

Disclosed by Bank Nov 5, 2018


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Project Description

Original PDO:
The project development objective (PDO) is to support the Borrower to establish an efficient and effective Takaful and Karama Cash Transfer Program. “Efficient” is defined and measured by good targeting of the poor. “Effective” is defined and measured by coverage of the poor and having basic administrative building blocks of the Program.

Current PDO
The project development objective (PDO) of the parent project will be revised as follows: “to support the Borrower to establish an efficient and effective Takaful and Karama Cash Transfer Program and improve access to economic opportunities. “Efficient” is defined and measured by good targeting of the poor. “Effective” is defined and measured by coverage of the poor and having basic administrative building blocks of the Program. “Improved access to economic opportunities” in this context is defined as better access to wage or self-employment for targeted poor and vulnerable households.

Under the proposed additional funding, the original components (Components 1–3) will remain unchanged but will include additional funds to scale up the activities. The AF will also finance a new Component 4 (Economic Inclusion/Empowerment Services Pilot).

  1. Provision of Conditional and Unconditional Cash Transfers (original allocation US$375 + additional funding allocation US$435 million, total revised allocation: US$810 million).
  2. Support SSN Targeting and Operational Systems (original allocation US$22 million + additional funding allocation US$10 million, total revised allocation: US$32 million).
  3. Project Management and Monitoring and Evaluation (original allocation US$3 million + additional funding allocation US$5 million, total revised allocation: US$8 million).
  4. Economic Inclusion/Empowerment Services Pilot (AF allocation: US$50 million). Under the additional funding, Component 4 will be introduced to support the government pilot program to achieve a number of economic inclusion targets.

 

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Nahla Ahmed Mohamed Salaheldin Zeitoun
Sr Social Protection Specialist

Borrower:
Government of Egypt, Ministry of International Cooperation
Tarek Abdel Sattar
Program Manager

Implementing Agency:
Ministry of Social Solidarity
Ms. Ghada Waly
Minister

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.