Elder Care Improvement Project (WB-P168696)

Countries
  • Sri Lanka
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 25, 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 Sri Lanka
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
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 Nov 26, 2018

Disclosed by Bank Sep 29, 2018


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Project Description

According to the bank document, the Project Development Objective is to increase the availability and scope of quality care and support services for the elderly in Sri Lanka, for the benefit of elderly Sri Lankans and their families. The project will not only improve the welfare of elderly needing home, day or institutional care, it will also benefit their families, especially care givers who are disproportionately women who might otherwise be able to seek part-or full-time employment. The project will also support the development of the aged care sector in a sustainable and socially responsible manner, creating new job opportunities in a growing field. Younger people with disabilities may also benefit from the services developed under the project.

Investment Description
  • World Bank (WB)
Contact Information
World Bank
ThomasWalker, Mark Charles Dorfman
Senior Economist

Implementing Agencies
Ministry of Social Welfare and Primary Industries
Bandula Wickramaarachchi, Secretary

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 .