Safeguarding Access to Fiscal and Educational Resources Project (WB-P506269)

Countries
  • Sao Tome and Principe
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
B
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
Jul 30, 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 Sao Tome and Principe - Fiduciary Agency for Project Administration and others
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Energy
  • 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)
$ 24.00 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)
$ 24.00 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 Sep 20, 2024

Disclosed by Bank Jul 13, 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 development objectives of project are to support continued access to education and contribute to addressing sources of fiscal pressure emanating from the energy sector in Sao Tome and Principe. The project comprises of three components. The first component, emergency financing to ensure continued access to quality education will finance targeted recurrent operating costs, including salaries of personnel in the education sector. It consists of following sub-components: (i) payment of salaries for personnel in the education sector; and (ii) auxiliary expenses for schools. The second component, technical assistance to support the Recipient’s fiscal stabilization program will support the government’s commitment to improve the energy sector’s sustainability and limit its negative fiscal impact. The third component, project management will finance the operating costs of the Project Implementation Unit (PIU) under the Project Administration and Fiduciary Agency (Agência Fiduciária de Administração de Projectos - AFAP), including monitoring and evaluation, project audits, review of teacher payroll, management of environmental and social (E and S) risks, financial management and procurement functions and other operating costs required for the implementation of the project.

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 Classification : Moderate. The proposed activities to be financed under this project are likely to generate minor, temporary, and reversible environmental and social risks and negative impacts, which will be managed through the application of appropriate mitigation measures.

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

IDA Grant : US$ 24.00 MLN


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

Samuel Kwesi Ewuah Oguah
Senior Energy Specialist

Natasha De Andrade Falcao
Senior Economist

Borrower/Client/Recipient

Democratic Republic of Sao Tome and Principe
Lindley Jesus
Director, Office of Economic Policy and Research
linjesus@hotmail.com

Implementing Agencies

Ministry of Infrastructure and Natural Resources
José Carvalho de Rio
Minister
jncario62@hotmail.com

Ministry of Planning and Finance
Lindley de Jesus
Director
linjesus@hotmail.com

Fiduciary Agency for Project Administration
Helio Almeida
Director General
helio.almeida@afap.st

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