Accelerating Reforms for an Inclusive and Resilient Recovery DPF 2 (WB-P176903)

Countries
  • Kenya
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
Active
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
Mar 16, 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
Republic of Kenya
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 750.00 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 Sep 6, 2022

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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.

The development objectives of the Second Accelerating Reforms for an Inclusive and Resilient Recovery Development Policy Financing in Kenya contribute to Kenya’s inclusive and resilient recovery from the COVID-19 crisis by strengthening: (1) fiscal management; (2) operational efficiency in the electricity sector while placing Kenya on an efficient green energy path; and (3) the governance framework for Kenya’s natural and human capital (environment, land, water and healthcare). The program responds to the urgency of the crisis to tackle longstanding bottlenecks and distortions, improve the efficiency and transparency of public spending, strengthen service delivery, and help lift the economy onto a higher, sustainable productivity and job-creating path. This Development Policy Financing series directly supports the government’s Big Four development goals and ERS. Electricity sector reforms (pillar 2), and reforms to strengthen environmental governance and unlock bottlenecks hampering the more efficient and sustainable use of land and water (pillar 3) contribute to facilitating a green and resilient recovery and growth. Human capital reforms (pillar 3) strengthen Kenya’s healthcare system. Finally, fiscal reforms (pillar 1), as well as reforms in the above-referenced pillars to strengthen the financial performance of public entities in energy, water, and health, all help to improve the quality of public spending, contributing to more sustainable public finances.

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.

National Treasury
Julius Muia
Principal Secretary
ps@treasury.go.ke

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