Federated States of Micronesia Climate Resilient Road Project (WB-P172225)

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 13, 2021
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
  • Transport
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)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS May 21, 2020

Disclosed by Bank Dec 10, 2019


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Project Description

According to bank documents, the project aims at "increasing resilience in the transport sector through: (i) utilizing spatial and sector planning tools; (ii) investing in climate resilient infrastructure; (iii) strengthening the enabling environment; and, (iv) supporting post-disaster recovery. The activities proposed under FSMCRRP are aligned with these four broad pillars of support. The value of the programmatic approach is that it will support the systematic improvement of resilience across the countries included within the program to address commonly shared issues. In addition, the program offers a multi-pronged approach to support FSM through considering risksin a holistic manner, through the integration of resilient transport interventions into decision-making and implementation."

Investment Description
  • World Bank (WB)
Contact Information

World Bank Sean David Michaels, Keelye Rinchen Hanmer Senior Infrastructure Specialist

Borrower/Client/Recipient Department of Finance and Administration Eugene Amor, Secretary of Finance eamor@sboc.fm

Implementing Agencies Department of Transportation, Communication & Infrastructure Federated States of Micronesia Francis Itimai, Secretary itimaif@mail.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: https://www.inspectionpanel.org