First Zambia Climate and Economic Resilience Programmatic DPF with Cat-DDO (WB-P507116)

Countries
  • Zambia
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 18, 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 Zambia - Ministry of Finance and National Planning
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • 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)
$ 100.00 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)
$ 100.00 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 Mar 10, 2025

Disclosed by Bank Sep 27, 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: (i) enhance fiscal management and resilience, (ii) promote private-sector investment and resilience in enabling sectors, and (iii) strengthen disaster risk management and climate resilience. The DPF supports Zambia in carrying out reforms aimed at increasing resilience to economic and climate shocks, while promoting private sector-led growth and providing financing for immediate and potential liquidity needs following disasters. It aims to enhance the government’s capability to address the effects of climate change and economic shocks and to improve fiscal resilience. The operation strengthens Zambia’s DRM systems and enhances the resilience of households and the private sector to climate shocks, addressing critical gaps in the current institutional framework. Alongside the World Bank’s ongoing efforts to support Zambia in emerging from the current catastrophic drought, this DPF series provides readily available financing in case of a future shock.

The program is structured around three pillars and eight prior actions, fully aligned with the GRZ priorities. Pillar A enhances fiscal management and resilience, creating buffers against economic and climate shocks and improving the sovereign credit risk assessment framework. Pillar B promotes private-sector investment and resilience in enabling sectors, bolstering private-sector participation in the transport, energy, and water sectors and reducing the financial impacts of future natural disasters in these sectors. Pillar C strengthens disaster risk management and climate resilience, improving the coordination and effectiveness of the GRZ in managing disasters, enhancing household resilience to climate shocks, and making water resource management more climate resilient. The Cat DDO can be drawn once a “state of disaster” in case of adverse natural or public health-related events has been issued according to the process indicated in the Disaster Management Act of 2010.

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 residual risk rating for the operation is substantial. Macroeconomic risks are rated as high, while the categories of political and governance, technical design of the program, and institutional capacity for implementation and sustainability are rated as substantial risks to achieving the PDO.

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

World Bank Lending: US$ 100.00 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.

World Bank

Albert Pijuan Sala
Senior Economist

Jorge Fernando Tudela Pye
Economist

Ignacio M. Urrutia Duarte
Senior Disaster Risk Management Specialist

Borrower/Client/Recipient

Ministry of Finance and National Planning
Joseph Chanda
Assistant Director
joseph.chanda@mofnp.gov.zm

Mulele Maketo Mulele
Director Economic Management
Mulele.Maketo@mofnp.gov.zm

Implementing Agencies

Ministry of Finance and National Planning
Mulele Maketo Mulele
Director Economic Management
Mulele.Maketo@mofnp.gov.zm

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