SL Second Inclusive and Sustainable DPF (WB-P178321)

Countries
  • Sierra Leone
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
Sep 20, 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 Sierra Leone
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • 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)
$ 100.00 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)
$ 100.00 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
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 1, 2022

Disclosed by Bank Feb 2, 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.

According to bank documents, the program objectives are to: (i) improve natural resources and public sector governance; (ii) enhance inclusiveness; and (iii) improve the sustainability of development financing.

The program has three pillars:

Pillar 1 comprises reforms to improve governance in the mining and land sectors to build resilience and support sustained and inclusive growth. Sierra Leone possesses significant natural resource endowments such as minerals, arable land, forests, and fisheries. However, the exploitation of these abundant endowments has not translated into commensurate welfare gains for the majority of citizens. The reforms under Pillar 1 focus on strengthening the legal and regulatory framework in the land and mining sectors to improve governance of natural resources, build resilience and maximize revenues for inclusive economic growth. Policy Reform under the first prior action focusses on building on the enactment of the MMDA, 2021, and strengthen the fiscal regime by (i) amending the EIRA to reconcile with other prevailing legislations, and (ii) providing for a public manual to guide implementation of the EIRA. The second prior action builds on the transformative land bills supported by DPO1, and supports establishing a Land Commission Board, thereby strengthening land administration across all levels of jurisdiction and address the existing gender gaps.

Pillar 2 seeks to enhance inclusion through reforms in three areas: (i) women’s economic participation; (ii) access to quality education; and (iii) financial inclusion. The reforms address critical structural constraints to access to resources and opportunities in Sierra Leone. They are aligned with two of the SCD’s four pathways: (i) diversifying the economy and creating poverty-alleviating jobs and (ii) increasing human capital for new opportunities. Prior action 3 supports legislation that will prohibit gender-based discrimination in the labor market and improve women’s access to employment and income. Prior action 4 and 5 support reforms in the education sector: building on the technology-enabled reform implemented under DPO1 to improve the teacher management systems and by promoting updated planning and
timely implementation of previously approved policies. Prior Action 6 will support the authorities’ efforts to increase Digital Financial Services by strengthening the corresponding legal framework.

Pillar 3 has been augmented to strengthen accountability and transparency in public finance. It builds on reforms introduced under DPO1 for increased debt and procurement transparency and introduces new reforms to address crucial gaps in accountability and SOE governance. Prior Action 7 and 10 seeks to improve SOE debt transparency and governance to support the management of fiscal risks. Prior Action 8 will gradually improve transparency in public procurement, and eventually support the implementation of e-procurement. Prior Action 9 will support strengthening of the audit followup process through the adoption of clear Standard Operating Procedures (SOPs).

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:
Smriti Seth, Furqan Ahmad Saleem, Kemoh Mansaray
Senior Economist

Borrower:
Republic of Sierra Leone

Implementing Agency:
Ministry of Finance
Dennis Vandi
Minister of Finance
den_vandi@yahoo.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