Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (WB-P179263)

Countries
  • Mauritania
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
A
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
Feb 29, 2024
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 Mauritania - Ministry of Economy and Sustainable Development
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 Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 48.00 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)
$ 48.00 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
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Apr 7, 2024

Disclosed by Bank Feb 16, 2023

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Contact the EWS Team

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 the Bank’s website, the Program Development Objective (PDO) is to strengthen the foundations for: (i) sound fiscal and debt management; and (ii) a competitive and climate-resilient economy.

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.

The overall risk of the operation is rated moderate. While institutional capacity for implementation and sustainability risks are assessed as substantial, the other risks are assessed as moderate. The institutional capacity for implementation and sustainability risk is substantial due to weak inter-institutional coordination and the limited availability of technical experts.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A credit, which is deemed as Concessional Financing for purposes of the General Conditions, in an amount equivalent to thirty-six million and two hundred thousand Special Drawing Rights (SDR 36,200,000) as such amount may be converted from time to time through a Currency Conversion (variously, “Credit” and “Financing”), which is composed of:
(a) Credit A, in an amount equivalent to eighteen million and one hundred thousand Special Drawing Rights (SDR 18,100,000), allocated to the financing of the Plain DPL Single Withdrawal Tranche; and
(b) Credit B, in an amount equivalent to eighteen million and one hundred thousand Special Drawing Rights (SDR 18,100,000), allocated to the financing of the Cat-DDO Withdrawal Tranche.


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

Urbain Thierry Yogo, Oscar Anil Ishizawa Escudero
Senior Economist

Borrower/Client/Recipient

ISLAMIC REPUBLIC OF MAURITANIA

Implementing Agencies

MINISTRY OF ECONOMY AND SUSTAINABLE DEVELOPMENT
Mohamed Salem Nany
DIRECTEUR GENERAL DES FINANCEMENTS ET DE LA COOPERATION ECON
msalemnany@gmail.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