Djibouti Business Park Project (WB-P176690)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Djibouti
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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 29, 2023
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 Djibouti
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Industry and Trade
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)
$ 3.63 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)
$ 4.73 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 Jul 31, 2024

Disclosed by Bank May 24, 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 project's objective is to support SMEs' productive capacity through the creation of a Business Park and associated services.

The project has three components:

  1. Component 1: Assessment of SMEs needs of services for the Business Park. This first component will consist in conducting a feasibility study to inform the construction of the Business Park. This feasibility study will cover the demand and supply side of business support services to SMEs in Djibouti City. On the demand side, the study will assess the demand for the Business Park and its services,
    provide a clear mapping of the beneficiaries, and identify how to equip the Park to respond to the beneficiaries' need. On supply side, the study will assess the challenges related to construction (land location and ownership, fit with urban planning and Zero slum upgrading project), complete a financial viability of the Business Park, and determine management structures (public or private). The main deliverable is the assessment report with concrete propositions for building, equipping, and sustainably managing the Business Park.

  2. Component 2: Construction of the Business Park. The second component will consist in constructing the building which will host the Business Park. Construction plans will follow the results from the assessment.

  3. Component 3: Provision of SMEs services, activities, and equipment. The third component will focus on preparing the Business Park for the launch of SMEs support activities as per the government specifications and the feasibility study within available funding and scope.
Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the World Bank, the project E&S risks are 'Moderate'.

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:
Contact : Marie Christine Apedo Amah
Title : Young Professional
Telephone No : 1-202-820015

Contact : Dobromir Christow
Title : Senior Economist
Telephone No : 473-9677

Borrower/Client:
Borrower : Republic of Djibouti - Ministry of Economy and Finance, in Charge of Industry
Contact : Ilyas Dawaleh
Title : Minister of Economy, Finance and Planning
Telephone No : 25321325105
Email : ilyasdawaleh@gmail.com

Implementing Agency:
Center for Leadership and Entrepreneurship (under the Ministry of Economy and Finance)
Contact : Oubah Malow
Title : Director General/Project Coordinator
Telephone No : 25321333800
Email : oubah.malow@cledjibouti.com 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission 

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint 

How it works

How it works