Additional Financing For Modern Food Storage Facilities Project (WB-P168484)

Countries
  • Bangladesh
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
Jul 26, 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 Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Construction
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)
$ 280.00 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)
$ 290.03 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 8, 2019

Disclosed by Bank Feb 26, 2019


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Project Description

According to the bank document, The Project Development Objective is to increase the grain reserveavailable to households to meet their post-disaster needs and improve the efficiency of grain storage management.

"The only changes and/or additions introduced with the AF are the following:a)Costs by component/and sub-components as shown in Table 1 and detailed in Annex 1.b)Results Framework: gender-based indicators and CE indicators have been added to account for Gender gaps identified and corporate requirements for Citizen Engagement (CE).c)Project closing date:the AF will close on May 31, 2022, effectively extending the original implementation period of MFSFP by 23 months.Extension of the closing date will beprocessed through a L2 Restructuringof MFSFP."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Manievel Sene, Sr Agricultural Spec.

Borrower/Client/Recipient
People’s Republicof Bangladesh
Mohd. Rashedul Amin
Senior Assistant Secretary

Implementing Agency
Directorate General, Ministry of FoodMd.
Sarwar KhanDirector General

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.