Rural Economic Transformation Project Second Additional Financing (WB-P181083)

Countries
  • Liberia
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
Dec 19, 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 Liberia - Ministry of Agriculture
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 76.00 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.
Grant Amount (USD)
$ 9.00 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)
$ 93.00 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 Mar 14, 2024

Disclosed by Bank Oct 20, 2023

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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 the Bank’s website, the objective of this project is to improve productivity and market access for small holder farmers and agri-enterprises for selected value chains in project participating counties.

The proposed second AF will mainly finance the scaling-up of a road corridor rehabilitation under the parent project. This road corridor has been prioritized for its contribution to markets access and overall food security. The AF will include the following changes: (i) modification of project activities; (ii) changes in project costs; and (iii) changes in the results framework.

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 environmental risk classification for the parent project is substantial and remains substantial for the Additional Financing. The classification is based on the potential environmental risks and impacts, the sensitivity of the recipient environment and the capacity of the implementing agencies to manage the risks. The project’s adverse environmental risks and impacts under the parent project mainly emanate from interventions under Components 2 (Enhancing Competitiveness and Market Access through Productive Alliances) and 3 (Agri-Marketing and Road Infrastructure Investments). Component 3 which is the focus of the AF, will focus on the expansion of the 40km road corridor to 125km of the Southeastern Corridor. This includes the upgrading of a 75km road from upaved road to paved road Toetown (X: -8.55477189/ Y: 6.31928094) to Zwedru (X: 8.13974545/ Y: 6.05981848) and a 10 km spur connecting the Southeastern Corridor through Toe Town-Senewen Twon (X: -8.56151887/ Y: 6.4141161) to the Cote d’Ivoire border (X:-8.5208152/ Y: 6.4640613). This could contribute to destruction of natural habitats, soil erosion, depletion of biodiversity, water contamination etc.

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

The AF will deploy additional credits in the amount of US$76 million from IDA, an additional grant in the amount of US$9.0 million from the Liberia Reconstruction Trust Fund, and a counterpart funding of US$8 million to finance a specific 10 km road rehabilitation.


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

Task Team Leader: Kadir Osman Gyasi / Title: Senior Agriculture Economist
Email: kgyasi@worldbank.org

Borrower/Client/Recipient

Ministry of Agriculture - Republic of Liberia
Samuel D Jr Tweah
Minister
dtweah@mfdp.gov.lr

Implementing Agencies

Ministry of Agriculture
Ansu Abraham Metzger
National Project Coordinator
ametzger@moa.gov.lr

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

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How it works