Botswana Economic Resilience and Green Recovery DPF (WB-P175934)

  • Botswana
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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
Jun 11, 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.
Government of Botswana
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 250.00 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)
$ 250.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS May 31, 2021

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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 proposed operation aims to support the Government’s response to the COVID-19 pandemic, strengthen private sector development, and promote a resilient, green recovery. The creation of an enabling policy environment to implement the Single Social Registry (SSR) and targeting reforms is key to improve targeting of social spending on the most vulnerable, while also strengthening systems for future shocks. The second pillar addresses regulatory constraints to private sector development by improving access to finance for individuals and small and micro enterprises (SMEs), by filling a gap in credit information between lenders and borrowers, and easing regulatory requirements to start a business. The third pillar lays the foundations for sustainable, “green” growth by awarding additional renewable energy capacity to independent power producers and connects it to the energy grid; regulating permits to domestic, commercial, and industrial users of rooftop solar energy; and embedding climate change considerations in environmental assessments.

The proposed DPF of US$250 million supports Botswana’s short and long-term recovery from the socio-economic crisis triggered by the spread of COVID-19. It is the first-ever budget support loan Botswana requests from the World Bank. It is the first in a series of two programmatic operations. This DPF is closely aligned with Government’s Economic Recovery and Transformation Program (ERTP). It is also aligned with National Development Plan 11 and with Vision 2036, which aims to turn Botswana into a higher income country by 2036. In the ERTP, Government has committed to pursuing a diversified and inclusive export-led growth strategy, whilst strengthening Botswana’s response to climate change as a basis for renewed, sustainable growth. The DPF specifically supports three elements of the ERTP: (i) SME development, (ii) investing in infrastructure and (iii) building resilience. The DPF’s Pillar Two, on private sector development, focuses on improving access to finance in order to enhance firm productivity and competitiveness. Pillar Three, on the green recovery, supports Botswana’s efforts to transition towards solar power generation. It also strengthens institutional and regulatory frameworks for environmental impact assessments, which is key to improving climate resilience.

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:
Anna Carlotta Allen Massingue, Edouard Al-Dahdah

Republic of Botswana
Keith Jefferis
Senior Adviser

Implementing Agency:
Ministry of Finance and Economic Development
Keith Jefferis
Senior Adviser


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How it works

How it works