Digital FSM (WB-P170718)

Countries
  • Micronesia
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
Mar 31, 2020
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 Micronesia
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 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)
$ 20.00 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 Aug 21, 2019

Disclosed by Bank Jun 13, 2019


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Can you contribute information about this project?
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Project Description

According to the bank document, the proposed project aims to "increase access to more affordable internet, promote private sector investment in digital services and improve Government's capacity to deliver digital government services"

Investment Description
  • World Bank (WB)
Contact Information

World Bank
James L. Neumann, Natasha Beschorner
Senior Counsel

Borrower/Client/Recipient
Department of Finance and Administration
Sihna Lawrence, Secretary
lawrence.sihna@gmail.com

Implementing Agencies
FSM Telecommunications Cable Corporation
Gordon Segal, Acting Chief Executive Officer
gsegal@fsmcable.com

Department of Transportation Communication and Infrastructure
Lukner Weilbacher, Secretary
sectci691@gmail.com
Mark Deorio, Assistant Secretary
mark.deorio@gmail.com

Telecommunication Regulation Authority
Takuro Akinaga, Chief Executive
takuro.akinaga@tra.fm

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 .