Support to Regional Knowledge Capacity for Economic Transformation (WB-P514398)

Regions
  • Africa
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Oct 9, 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
African Center for Economic Transformation
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • 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)
$ 5.20 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)
$ 5.20 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 Sep 15, 2026

Disclosed by Bank Mar 27, 2026

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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 project will support the African Center for Economic Transformation (ACET) to increase its capacity to support the advancement of selected continental priorities through innovative and evidence-based analysis, advocacy, and advice.

Component 1: Supporting economic transformation and continental priorities (US$ 3.7 million).
Component 1 will support ACET to improve its capacity to support advancement of selected continental priorities. It will comprise three subcomponents: 1) the CwA, 2) Embedding Growth with DEPTH, and 3) Supporting Regional Collaboration to Drive Economic Transformation.

Component 2: Strengthening ACET’s capacity as an economic transformation champion (US$ 1.5 million).
Component 2 will strengthen ACET’s operations for more timely and efficient program delivery, as well as financial and operational sustainability. Activities will include 1) administration of fellowship programs,8 2) advocacy and communications, knowledge dissemination and partnerships, 3) deploying a fit for purpose enterprise resource program, 4) M&E tools, 5) development and implementation of business strategy, 6) other interventions required for Project Implementation Unit (PIU) and TAP required elements including representation in various fora.

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 environmental risk is rated low. The rating considered the nature, scale and scope of the project, the potential environmental risks and impacts, and the capacity of the implementing institution to manage the potential environmental risks and impacts. The project will mainly involve: peer learning and policy collaboration, utilizing research and analytical tools to measure economic transformation progress across countries; supporting regional collaboration to implement protocols at the national level and leverage practical applications; and institutional strengthening and sustainability of ACET. These activities are not anticipated to present significant environmental risks and impacts.

The social risk is rated low. The rating considered the nature, scale and scope of the project, the potential environmental risks and impacts, and the capacity of the implementing institution to manage the potential environmental risks and impacts. The project will mainly involve: peer learning and policy collaboration, utilizing research and analytical tools to measure economic transformation progress across countries; supporting regional collaboration to implement protocols at the national level and leverage practical applications; and institutional strengthening and sustainability of ACET. These activities are not anticipated to present significant social risks and impacts.

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

The proposed project will be financed by an Investment Project Financing (IPF) grant of US$ 5.2 million funded by the TAP Multi-Donor Trust Fund.
Total Project Cost: US$ 5.20 million

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The African Center for Economic Transformation (ACET) is a non-profit Accra-based think tank. ACET economists, researchers, and support staff advise African governments - including Ghana, Liberia, Mozambique, Rwanda, and Sierra Leone - on economic matters. They produce reports and organizes meetings and conferences and other events to promote development in Africa through economic transformation (as opposed to growth). ACET was founded in 2008 by K.Y. Amoako, a Ghanaian-born former United Nations Under-Secretary-General and head of the United Nations Economic Commission for Africa.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - African Center for Economic Transformation (ACET) Client -

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.

CONTACT POINT - World Bank

Task Team Leader: Tatsuya Iwasaki
Title: Public Sector Specialist
Email: tiwasaki@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