Economic Linkages for Diversification (WB-P171664)

Countries
  • Mozambique
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
A
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
Mar 30, 2021
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 Mozambique
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Mining
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 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)
$ 100.00 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 11, 2020

Disclosed by Bank Jun 6, 2020

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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.

According to bank documents, the project objective is to strengthen economic linkages to the extractives sector for MSMEs in targeted areas.

The project has three components:

  1. Increasing economic linkages through a regional focus. Component 1 aims to drive economic linkages to extractives through a spatial approach. The support covers

    backward linkages but also linkage opportunities associated with the consumption from staff in the large companies. This component will have a strong regional focus with the objective of diversifying the local economy. The component will apply MFD principles in its development and implementation. The project will seek to leverage various sources of finance, expertise, and solutions from extractive companies’ in pursuing these opportunities. The component will also coordinate closely with the upcoming IFC shared-value platform for extractives in Mozambique, as well as other World Bank projects in preparation on infrastructure and community development, which follow a complementary approach.

    1. Sub-component 1.1: Upgrading firms’ capabilities and access to finance. This subcomponent aims to support diversification through helping MSMEs developing linkages with
      megaprojects.
    2. Sub-component 1.2: Infrastructure. The project will implement needed last mile infrastructure to improve opportunities for linkages and wider economic development in the targeted areas.
    3. Subcomponent 1.3: Regional development capacity to maximize impact. This sub-component aims to increase the regional development agencies’ capacity to promote linkages and help implement/develop further spatial planning investments.

  2. Enabling linkages through national level’s market access, coordination and reforms. This component seeks to enhance national market access, reforms and capacity to leverage further diversifying investment. It aims to support markets and finance platforms to help generate linkages across sectors and locations. It includes the design, implementation, monitoring, and information sharing of appropriate policies to maximize benefits from investment, including policies for more conducive business environment. A key objective of this component is to improve the government’s capacity at the national level to plan and coordinate and to respond to the emerging needs. To do so effectively, this component will facilitate ongoing and upcoming initiatives to develop regular stakeholder engagement and capacity support for stakeholder coordination committees.

    1. Sub-component 2.1: Digital platforms to connect to markets. The subcomponent will support the development of a centralized database of local suppliers and procurement opportunities to bridge information asymmetries.

    2. Subcomponent 2.2: Physical platforms of reforms, coordination and capacity building. This subcomponent will support (i) investment policy reforms, (ii) coordination between stakeholders and (iii) capacity building in national agencies.

  3. Project Management. The component will provide the necessary technical, advisory, and financial support for the adequate implementation, management, and coordination of project activities. This component will also include activities to ensure that monitoring and evaluation systems for project and sector-wide analysis are upgraded and sustained. Finally, it will include the support to the design and monitoring of safeguards issues related to project implementation, and a robust citizen engagement and communications program for project and social inclusiveness.
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:
Francisco Moraes Leitao Campos
Senior Economist

Borrower:
Ministry of Economy and Finance
Adriano Ubisse
Director of Treasury
aubisse@gmail.com

Implementing Agencies
Ministry of Commerce and Industry
Mateus Matusse
Director of Private Sector Development
mariwati@yahoo.com.br

Ministry of Economy and Finance
Roberto Albino
Director
albino.roberto@gmail.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: https://www.inspectionpanel.org.

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How it works