Sustainable Congo Basin Forest Economies (WB-P505923)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Cameroon
  • Central African Republic
  • Congo, Republic of
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
Mar 31, 2026
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
CEMAC, COMIFAC, Central African Republic,Republic of Cameroon,Republic of Congo
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Law and Government
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)
$ 385.83 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.
Loan Amount (USD)
$ 313.83 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)
$ 72.00 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 Oct 4, 2026

Disclosed by Bank Jul 12, 2024

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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 bank's website, the approved project aims to create jobs and economic opportunities through sustainable management of Congo Basin Forests (CBF). It will operationalize the Global Challenge Program - Forests for development, climate and biodiversity by focusing on sustainably developing value-added products and services from the forest sector, increasing jobs and improving regional cooperation and national capacity for biodiversity conservation. The proposed program responds to the World Bank Group’s 3-pillar approach to job creation: (i) strengthening governance and policies; (ii) establishing the foundational infrastructure for forest jobs; and (iii) mobilizing private capital to deliver solutions at scale. It leverages globally tested approaches for sustainable management of forests, including strengthening value chains that deliver jobs and economic opportunities to reduce poverty, while promoting the rich biodiversity of the forests. The project will enhance regional and global climate and biodiversity benefits and help Congo Basin Forest countries coordinate their climate and forest policies for greater development impact. 

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.

Environmental and Social Risk: H

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

Total Project Cost: US$ 0.00 million 

Commitment Amount: US$ 385.83 million 

IBRD + IDA Commitment: US$ 385.83 million

IDA Credit: US$ 313.83 million

IDA Grant: US$ 72.00 million


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.

Task Team Leader: Madhavi M. Pillai 

Title: Senior Natural Resources Management Specialist 

Email: mpillai3@worldbank.org 

TTL Contact: Benjamin Herzberg 

Title: Senior Private Sector Specialist 

Email: bherzberg@worldbank.org 

TTL Contact: Patrice Savadogo 

Title: Senior Forestry Specialist 

Email: psavadogo@worldbank.org 

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