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According to bank's website, the approved project aims to (i) enable private sector financing and investment, (ii) attract skilled labor to jobs, and (iii) advance cross-border market integration. The operation supports policy and institutional reforms across three areas of work. Under enabling private sector financing and investment, it modernizes the public-private partnership and concession framework to accelerate preparation and allow viability gap funding; expands access to finance for firms by establishing a modern legal regime for factoring and strengthening the governance and independence of the National Development Institution to scale market-based support for MSMEs; and reduces the state footprint and corruption risks by mandating corporatization of state-owned enterprises, advancing the privatization of state-owned banks through the selection of sales advisors, and improving SOE oversight.
Total Project Cost: US$ 0.00 million
Commitment Amount: US$ 3390.00 million
IBRD + IDA Commitment: US$ 1040.00 million
Task Team Leader: Florian Blum
Title: Senior Economist
Co-Team Leaders: Yue Man Lee, Anastasia Golovach
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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