Second Additional Financing for Somalia Recurrent Cost and Reform Financing Phase III (WB-P181407)

Countries
  • Somalia
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
May 21, 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 Somalia - Ministry of Finance; Eligible Federal Member States
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 65.00 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)
$ 69.00 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 Aug 5, 2024

Disclosed by Bank Feb 2, 2024

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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 support the Federal Government of Somalia and Eligible Federal Member States to strengthen resource management systems, the inter-governmental fiscal framework, and service delivery systems in health and education.

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 rating for AF2 is Substantial.

Environmental and Social risk is Substantial. While Environmental risk is Moderate, the Social risk is Substantial due to the vulnerability of FHWs to poor employment practices, GBV/SEAH, as well as overall project-wide low trust in GM. The risk is to be mitigated through training on labor management practices, recruitment of a Senior Social Specialist with GBV related skills; management of GBV and SEAH risks in recruitment/retention of female workers; development of an SEAH prevention and response action plan; and strengthening of the GM with appropriate structures, procedures and channels to enable safe, confidential and ethical reporting of GBV/SEAH and other incidents.

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

A proposed second additional grant in the amount of SDR 49 million (US$65 million equivalent) and a proposed grant in the amount of US$4 million from the somalia multi-partner fund.


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

Alma Nurshaikhova
Senior Public Sector Specialist

Jana Kunicova
Lead Public Sector Specialist

Borrower/Client/Recipient

Federal Republic of Somalia
H.E. Bihi Iman Egeh
Minister of Finance
minister@mof.gov.so

Implementing Agencies

Federal Member State Galmudug
Farhan Ali Mohamoud
Minister
farahanmohamoud@gmail.com

Federal Member State Hirshabelle
Abdirahim Isse Addow
Minister of Finance
minister@hirshabellemof.so

Federal Member State Jubaland
Ahmed Abdirizak Mohamed
Minister of Finance
ahmed@jubbalandmof.so

Federal Member state Puntland
Mohamed Abdirahman Dhabanacad
Minister of Finance
Minister@mof.plstate.so

Federal Member State Southwest
Ahmed Mohamed Hussein
Minister of Finance
minister@mofswss.so

Ministry of Finance, Federal Government of Somalia
H.E. Bihi Iman Egeh
minister@mof.gov.so 

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