South Africa: Catalyzing Financing and Capacity for the Biodiversity Economy around Protected Areas (WB-P170213)

Countries
  • South Africa
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
Proposed
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
Jul 31, 2020
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
National Treasury
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 8.99 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 2, 2020

Disclosed by Bank Sep 11, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

According to bank documents, the project objective is to leverage financial resources and improve capacity to implement the Biodiversity Economy and increase benefits from selected PA landscapes to local communities.

The project has three components:

  1. Strengthen multi-stakeholder cross-sectoral collaboration and management in targeted PA landscapes [US$ 3.3M from GEF]. Strengthen capacity of targeted PA agencies (SANParks, iSimangaliso Wetland Authority) to promote socio-economic development. This sub-component will enable targeted PA agencies to effectively support business development for local communities and promote PES in targeted landscapes, with a focus on economic opportunities for women and youth.
  2. Increase benefits from Protected Areas to local communities [US$ 5M from GEF]. Promote Biodiversity Economy business through a Launchpad tool to catalyze resources, identify markets, and link supply with demand for jobs in PAs landscapes. The subcomponent will finance the development of a Launchpad, an online platform managed by targeted institutions (SANParks and iSimangaliso Wetland Authority).
  3. Project Management [US$ 0.70M from GEF]. This includes funding for the PIUs at SANParks and iSimangaliso Authority, the project steering committee, M&E, social and environmental safeguards application and communications.
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.

World Bank:
Iretomiwa Olatunji, Nathalie Weier Johnson
Senior Environmental Specialist

Borrower:
National Treasury

Implementing Agencies:
South Africa National Parks (SANParks)
Fundisile Mketeni
CEO
fundisile.mketeni@sanparks.org

iSimangaliso Authority
Sibusiso Bukhosini
CEO
Bukhosini@isimangaliso.com 

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