El Salvador Local Economic Resilience Project (WB-P169125)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • El Salvador
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 17, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of El Salvador
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 14, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The objective of Local Economic Resilience Project for El Salvador is to improve institutional performance of municipalities and increase access for citizens to services and resilient infrastructure. The project has 5 components. (1) Investments in services and in resilient municipal infrastructure to support Local Economic Development component will finance resilient municipal infrastructure, including the preparation of technical designs, as needed, in municipalities that meet certain minimum conditions and incremental goals. (2) Competitive fund for high-impact investments on regional economic development component will support the government’s territorial development strategy by financing strategic investments for local economic development. (3) Institutional strengthening and capacity building component will finance institutional strengthening activities at two levels: (i) support to municipal governments to help them achieve the minimum conditions and goals, as well as technical support to Mancomunides; and (ii) support to government agencies at the national level, including: (a) technical assistance to Minister of Finance for the implementation of SAFIM and the adaptation of a revised regulatory framework for managing municipal investments, (b) technical assistance/support to selected government entities for the creation of a national registry of municipal investments through the development of an interoperable platform accessible to various national and local agencies; and (c) creation of a pilot municipal innovation behavioral lab for fostering innovation in the public sector. (4) Contingent emergency response component will provide immediate response to an eligible emergency, as needed and is intended to strengthen the country’s fiscal resilience and immediate response capacity, safeguarding against higher levels of disaster vulnerability, including those driven by climate change. This component is designed to enable rapid access to funds for response and recovery purposes under streamlined procedures for procuring goods, works, and services. (5) Project management and implementation component will create a Project Implementation Unit (PIU) and strengthening activities to Social Investment Fund for Local Development, verify minimum conditions and goals under Component 1, and create a citizen engagement platform.

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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.

How it works

How it works