Financial Access for Supporting Territorial Economic Regeneration of Croatia (WB-P172024)

Countries
  • Croatia
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
A
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
Sep 8, 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
Croatian Bank for Reconstruction and Development (HBOR)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • 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)
$ 150.00 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)
$ 150.00 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 24, 2020

Disclosed by Bank Mar 8, 2020


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Project Description

According to the Bank's website, this project aims to: (i) support investment activity in regions with slow economic growth, and (ii) strengthen the institutional capacity of the Croatian Bank for Reconstruction and Development (HBOR). 

The success of this project will be judged in accordance with the following factors: (i) total investment supported in targeted regions; (ii) share of overall lending by the borrower to targeted regions; and (iii) the implementation of a new operational model by the borrower. 

Investment Description
  • World Bank (WB)
Contact Information

Croatian Bank for reconstruction and Development 

Marijana Kolic, Executive Director mkolic@hbor.hr 

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.