Ecuador Inclusive and Sustainable Growth DPF (WB-P169822)

Countries
  • Ecuador
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
U
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
Aug 5, 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 Ecuador
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • 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 Apr 2, 2020

Disclosed by Bank Apr 3, 2019


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Project Description

According to the bank, this project series support reforms to: i) promote a more efficient mobilization and allocation of government resources; ii) reduce barriers for private sector development; iii) protect and include vulnerable segments of the population. The series supports the government’s efforts to adapt to the challenging external environment and transition to a sustainable and inclusive growth model. Reforms under pillar 1 promote a more efficient mobilization and allocation of government resources, helping reduce fiscal imbalances. They support improvements in budget processes, rationalization of current spending, and improvements tax collection. Reforms under pillar 2 reduce barriers to private sector development, supporting a more balanced growth process. They include regulations enabling private investments in the oil sector, fostering PPPs, lowering costs to opening first, and reducing financial sector distortions. Finally, reforms under pillar 3 protect and include vulnerable segments of the population. They include efforts to improve the effectiveness of social protection programs, design target compensations against policy reforms, and promote financial inclusion.

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.