Botswana Programmatic Economic Resilience and Green Recovery Development Policy Loan (Second Operation) (WB-P176810)

Countries
  • 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
May 25, 2022
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 Botswana
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 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)
$ 150.00 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 29, 2022

Disclosed by Bank Nov 18, 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 second operation (DPO 2) deepens and extends the reforms achieved as prior actions for the first operation (DPO 1). The substance of the proposed DPO 2 remains consistent with the program design presented under the DPO 1 and its prior actions link directly to the indicative triggers established under the first operation. The program objectives (PDOs) are: (1) to support the Government’s response to the COVID-19 pandemic and an inclusive recovery; (2) to strengthen private sector development; and (3) to promote a resilient, green recovery. These PDOs lay the foundation for Botswana’s transition to a private sector-led economy, paving the way for more diversified, inclusive growth and enhanced resilience to climate change. The DPF’s first pillar supports efforts to strengthen the provision of relief from the COVID-19 pandemic, creating added resilience to future shocks. The pillar also seeks to make electricity more accessible to low-income households,
supporting a more inclusive recovery benefiting all Batswana. Actions under the second pillar underpin two interlinked objectives: promoting the development of the private sector through entrepreneurship and improving SME access to finance, increasing financial inclusion. The actions proposed under the third pillar support Botswana’s NDC and CCP commitments and a financially sound power sector, speeding up the transition to renewable energies.

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:
Benedicte Helene Cecile Baduel, Albert Pijuan Sala
Senior Economist

Borrower:
Republic of Botswana
Keith Jefferies
Senior Advisor
kjefferis@gov.bw

Implementing Agency:
Ministry of Finance and Economic Development
Keith Jefferies
Senior Advisor
kjefferis@gov.bw 

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