Summary of Key INFRA Projects by Region (as of end September 2009)

Size: px
Start display at page:

Download "Summary of Key INFRA Projects by Region (as of end September 2009)"

Transcription

1 The Infrastructure Recovery and Assets (INFRA) Platform is designed to support counter-cyclical spending on infrastructure and protect existing assets and priority projects with the intention of providing the foundation for rapid recovery and job creation and to promote long term growth. Building on the $17.5 billion committed for infrastructure sectors in FY09, the Bank has already committed another $4.3 billion in the first quarter of FY10. The operations implemented under the INFRA platform have used the full range of World Bank tools and instruments ranging from development policy loans to additional financing. This note highlights some key INFRA interventions in different regions. I. Africa Reductions in private flows and fiscal space as a result of the crisis risks are impacting investments in infrastructure in Africa. The Bank has responded by approving $3.3 billion in lending for infrastructure sectors in FY2009 and an additional $151 million in the first quarter FY2010. i. Ghana. Large capital outflows, depreciation of the currency, fiscal and balance of payments deficits and a quick rise in inflation and interest rates have created a difficult environment for undertaking infrastructure investments in Ghana. In response to the new Government s request for exceptional and urgent support, the World Bank approved $294 million of infrastructure lending in FY2009. Key interventions include: The Economic Governance and Poverty Reduction Credit Program (June 2009), with $51 million infrastructure component, to support the authorities' efforts, in the midst of the current global crisis, to bring their fiscal stance to a sound and sustainable track and protect the country s development objectives. The Development Policy Operation (DPO) involved front loading of IDA assistance for Ghana. The $14 million Small Towns Water Supply and Sanitation Project Additional Finance (May 2009) to help the fiscally constrained Ghana government finance un-anticipated cost overruns in community water supply and sanitation. Ethiopia Ethiopia faces an unusually severe macro-economic environment, including the twin challenges of high inflation and low international reserves, as a result of the crisis. To help the government meet its infrastructure financing requirement in this difficult environment, $311 million in infrastructure lending was approved for Ethiopia in FY09. Key interventions include: i The $238 million Road Sector Development Program and Fourth Adaptable Program Loan Project (June 2009) to restore and expand Ethiopia's road network, which has become an obstacle to the sustainability of the economic development program, and to develop the institutional capacity of road agencies to properly manage the network in addition to infrastructure provision. The Program contributes to economic development by helping to stimulate and provide economic opportunities for the rural poor, providing access to essential services, creating employment in road works and maintenance operations, and assisting the development of appropriate and affordable means of transport. Nigeria The overall fiscal balance of the Nigerian government has worsened as oil prices have collapsed after the onset of the crisis. The consequent increase in financing requirements has created increased pressures on the domestic capital markets. The government continues to demonstrate clear commitment to continue with its public sector-led stimulus of the power sector, even as private investment resources become more 1

2 limited due to scarce liquidity, shrinking capital markets and dwindling investor appetite. The Bank is assisting the government in this through interventions such as: The Electricity and Gas Improvement Project (June 2009) to: (i) improve the availability and reliability of gas supply to increase power generation in existing public sector power plants; and (ii) improve the power network's capacity and efficiency to transmit and distribute quality electricity to the consumers. The assistance to the project consists of IBRD/IDA loans of $200 million and guarantees of $400 million. II. East Asia and Pacific Having undertaken structural and institutional reforms following the Asian Crisis in 1990 s, economies in the region have been able to better respond to the crisis. To mitigate the impacts of the current crisis, many countries have adopted stimulus packages with significant infrastructure components. The Bank has helped countries in the region prioritize infrastructure investments by approving $3.1 billion of infrastructure lending in FY09 and $403 million in the first quarter of FY10. Some notable interventions have taken place in China and Indonesia. i. China To counteract the effects of the crisis, China has announced a massive stimulus package of $586 billion, of which more than 70% is for infrastructure. This emphasis has been deliberately designed to focus on those sectors in which projects will generate significant and continuing long-term benefits as well as being capable of rapid implementation. The Bank s infrastructure lending to China was 2.1$ billion in FY2009. Key projects include $300 million for the NanGuang Railway Project (June 2009), to provide additional transport capacity and reduce transport time between the less developed western region of southwest China and the relatively more developed Pearl River Delta region. This is one of the first projects approved to support China s stimulus plan. $300 million for the Guiguang Railway Project (April 2009) to construct new double track electrified railway line of about 857 km and railway stations between Guiyang in Guizhou province and Guangzhou in Guangdong province. This project also supports China s stimulus plan. $129 million for the Jiangsu Water and Wastewater Project (June 2009) to improve the efficiency and effectiveness of water and wastewater services and reduce pollution discharges to local rivers in Jiangsu province. Indonesia The global financial and economic crisis has adversely affected access to financing for infrastructure in Indonesia. The cost of capital has increased while the availability of funding from foreign banks for undertaking large infrastructure projects has decreased. As a response to the crisis, the Indonesian Government is implementing a stimulus package of $6.3 billion of which, more than $1 billion has been allocated to infrastructure projects and rural empowerment programs with ability to generate jobs quickly. The Bank approved $0.7 billion of infrastructure lending for Indonesia in FY2009 and an additional $274 million in the first quarter of FY2010. Key projects include: 2

3 The $250 million Third Infrastructure Development Policy Loan (September 2009) to support Indonesia s effort to increase the level and effectiveness of infrastructure financing, which dropped significantly after the 1997 Asian financial crisis and is now the main constraint to Indonesia s growth potential. The loan is expected to help the government increase capital spending of infrastructure ministries by 25 percent, prepare competitive and transparent tenders for public-private partnership transactions, and result in $300 million worth of new water utility investments. The $100 million Indonesia Infrastructure Finance Facility Project (June 2009) to strengthen and further develop the institutional framework of the financial sector to facilitate financing of commercially viable infrastructure projects and thereby increase provision of private infrastructure in Indonesia. This project is being implemented jointly with several of Indonesia s other development partners including AusAID, ADB, and KfW. III. South Asia The region s economies have also been negatively impacted by the global crisis. The growth outlook of South Asia has been nearly halved from a peak GDP growth rate of 9 percent in 2006 to nearly 5 percent in There has been tightening of credit markets as seen in portfolio outflows, decline in external commercial borrowing, and an increase in spreads. This has created difficult conditions for undertaking large infrastructure investments. Towards mitigating the impact of the crisis on infrastructure sector, the Bank approved $1.9 billion for infrastructure in the region in FY2009 and $2.2 billion in the first quarter of FY2010. Some key interventions have taken place in India. i. India The impacts of the global crisis on the Indian economy have been more severe than initially anticipated; the demand for exports has fallen, domestic credit is constrained, and there has been a reversal of capital flows into India. New infrastructure projects have run into delays caused by problems in securing the necessary financing. The Indian government has reacted promptly and effectively to the crisis. Three fiscal stimulus packages were announced, accompanied by a series of monetary and financial measures to inject liquidity and support credit growth through the banking system. There is now a widespread recognition that an expanded program of investment in much-needed infrastructure is the appropriate response not just to sustain the domestic economy at a time of reduced global demand, but even more to lay the foundations for stronger future growth. To help maintain credit growth and continued infrastructure investments, the Bank has committed $2.2 billion to infrastructure sectors in India in the first quarter of FY2010, following the $0.9 billion committed in FY2009. Key interventions include: $1.2 billion for the India Infrastructure Finance Company Ltd. (IIFCL) (September 2009) to catalyze private financing for public-private partnerships in (PPPs) in infrastructure and stimulate the development of a long-term local currency debt financing market $1 billion for the Fifth Power System Development Project (September 2009) to help address India s acute deficit of power. The loan will help strengthen five transmission systems in the northern, western and southern regions of the country. This will facilitate the transfer of power from energy surplus regions to towns and villages in under-served regions of the country. $150 million for the Andhra Pradesh Rural Water Supply and Sanitation Project (September 2009), to improve water supply and sanitation services in 2,600 villages across 6 districts of the 3

4 state. The project aims to provide piped water to 2.1 million people and extend sanitation services to 1 million people who currently do not have access. IV. Eastern Europe and Central Asia After a decade of strong growth, the countries in Europe and Central Asia were the hardest hit by the financial crisis, as they experienced a sudden stop in capital inflows. They have been unable to implement countercyclical macroeconomic policies and infrastructure investments in the region are at risk. In response, the Bank has stepped up its infrastructure lending for the Region under the INFRA Platform by approving $4.9 billion or infrastructure sectors in the region in FY2009 and $ 0.7 billion in the first quarter of FY2010. Some notable interventions under the INFRA Platform have taken place in Kazakhstan and Turkey. i. Kazakhstan The deepening of the world economic crisis since September 2008 has had very negative repercussions in Kazakhstan. Kazakhstan has faced major challenges over the short run for sustaining economic growth, managing the state budget, and regulating the financial sector. It is in need of substantial financing for the construction of infrastructure not only to support investment activity during the time of budgetary difficulties, but also to provide balance of payments support and employment at a time of rising layoffs. The Bank approved $2.1 billion for infrastructure in FY2009 and $48 million in the first quarter of FY2010. A key intervention approved is: The $2.1 billion Kazakhstan South West Roads Project (April 2009) undertaken together with other development partners such EBRD, ADB, JICA, and Islamic Development Bank to increase transport efficiency on the road sections between Aktobe/Kyzylordaoblast border and Shymkent, and to improve road management and traffic safety in Kazakhstan. The project is part of the Government s strategy to stimulate economic growth and reduce poverty, by improving access to markets, as well as providing employment in the construction sector and related services. The project is expected to offer direct and indirect employment opportunities and help the economy come out of the crisis. Turkey The global economic downturn has worsened the outlook for Turkey, with an economic contraction of 3.6% forecast for In April 2009 the government released new budget estimates forecasting an overall fiscal deficit of 4.6 percent of GDP for 2009, falling to 3.2 percent in 2010 and 2.8 percent in 201. Having relied on substantial positive net capital inflows during the period of high economic growth, Turkey s faces a major challenge in finding financing for its infrastructure sectors. Financing of suitable medium to long-term tenor is scarce in Turkey, particularly for investments for renewable energy and energy efficiency. Against this backdrop, the Bank committed $1.1 billion of infrastructure lending to Turkey in FY09. Key interventions include: $500 million for Turkey Private Sector Renewable Energy and Energy Efficiency Project (May 2009) to help increase privately owned and operated energy production from indigenous renewable sources within the market-based framework of the Turkish electricity market law, enhance energy efficiency, and thereby help reduce greenhouse gas emissions. A component of the project involves the use of CTF resources with lower interest rates and significantly longer tenor to increase the incentive to undertake RE and EE projects. 4

5 $ 640 million for the Turkey Programmatic Electricity Sector DPL (June 2009) to support the implementation of the Government's program for the electricity sector, including pricing, market and energy efficiency reforms that are vital or the sector and for the economy as a whole. The DPL will help mitigate the impact of the crisis, protect the composition of public spending and channel adequate resources to crisis mitigation measures, including employment intensive public investment in the electricity sectors. V. Latin America and Caribbean Latin American and Caribbean countries are relying greatly on stimulus packages to respond to the crisis. Infrastructure investments are central part of these stimulus plans. Governments in the region plan to invest an additional US$25 billion in 2009 in public works about 20 percent beyond the originally planned budget allocations. The Bank has supported governments in the region by committing $2.9 billion for infrastructure in FY09 and $0.8 billion in the first quarter of FY10. i. Colombia The government is prioritizing infrastructure investments as part of its countercyclical policy to mitigate the impacts of the crisis. To assist the government, the Bank approved $320 million in lending for infrastructure sectors in the first quarter of FY2010 following $452 million committed in FY2009. Key interventions include: $355 million loan for Third Sustainable Development DPL (December 2008) to support environmental policy. $300 million for Colombia Integrated Mass Transit Systems Projects (August 2009) to: (i) develop high quality and sustainable Bus Rapid Transit System (BRTS) in participating cities to improve mobility along strategic mass transit corridors; (ii) improve accessibility to public transportation for the poor; and (iii) build greater institutional capacity in the Borrower's public transportation institutions in order to formulate integrated urban transport policies, and to improve urban transport planning and traffic management. $20 million for Solid Waste Management Program Project (August 2009) to improve the quality and coverage of integrated solid waste management services, including through construction of solid waste management infrastructure consisting of civil works, equipment and services Brazil To mitigate the impacts of the crisis, the Brazilian government will spend an additional $ 6.3 billion on projects, including $2.5 billion for infrastructure investments, to maintain overall demand. The government sees investments in infrastructure as a key measure to counter the effects of the unfolding global financial and economic crisis. However, the government anticipates a shortfall in revenues in 2009, which will limit its ability to finance priority investment programs, including this program. To help the government prioritize infrastructure in this environment, the Bank committed $729 million for infrastructure sectors in FY2009 and $496 million in the first quarter of FY2010. Key interventions include: $167 million for the Sao Paulo Feeder Roads Project (July 2009) to improve the efficiency of the paved municipal road network. 5

6 $212 million for the Second Rio de Janeiro Mass Transit Project (July 2009) to: a) improve the level-of-service provided to the suburban rail transport users in Rio de Janeiro Metropolitan Region (RJMR) in a safe and cost-efficient manner; and b) to improve the transport management and policy framework in the RJMR. VI. Middle East and North Africa Middle East and North Africa countries face lower oil revenues, tourism revenues, remittances, and foreign direct investment as a result of the global crisis all of which is likely to weaken economic performance. The Bank committed $1.3 billion for infrastructure sectors in the region in FY2009. i. Tunisia The Tunisian government is undertaking 20% increase in investment in 2009 to finance large infrastructure projects to offset the potential negative impact of the global financial crisis on growth. The Bank committed $22 million for infrastructure projects in Tunisia in FY2009. Key interventions include: $5.5 million for the Energy Efficiency Project (June 2009) to scale up industrial energy efficiency and cogeneration investments, and thereby contribute to the government's new four-year energy conservation program. The direct and indirect social impacts of the project on the population include employment and training in the fields of energy efficiency (EE) and renewable energy (RE) specialists, reduction in pollution levels, and, once EE and RE investments are underway, an eventual reduction in the subsidy budget dedicated to energy that could result in increased government resources going to social sectors $16 million for the Second Water Sector Investment Project (May 2009) to promote more efficient management and operation of selected public irrigation schemes by participating farmers; to improve access and consumption of drinking water for rural households in communities; and to assist Ministry of Agriculture and Water Resources, Ministry of Environment and Sustainable Development, and other stakeholders to make better decisions relating to integrated water resources management in Tunisia 6

Transformation through Tourism: Harnessing Tourism for Growth and Improved Livelihoods

Transformation through Tourism: Harnessing Tourism for Growth and Improved Livelihoods Transformation through Tourism: Harnessing Tourism for Growth and Improved Livelihoods Africa has experienced unprecedented economic growth over the last five years. Africa is on the Move Africa is poised

More information

PPIAF Assistance in Nepal

PPIAF Assistance in Nepal Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PPIAF Assistance in Nepal June 2012 The Federal Democratic Republic of Nepal (Nepal)

More information

Financing Mechanisms and Reforms to Leverage Local Resources

Financing Mechanisms and Reforms to Leverage Local Resources Financing Mechanisms and Reforms to Leverage Local Resources Regional Workshop on Water Utilities Bangkok, July 2006 Meera Mehta, Water and Sanitation Program Africa Outline 1. Global trends and the nature

More information

Myanmar Country Partnership Framework (CPF) Background Material

Myanmar Country Partnership Framework (CPF) Background Material Myanmar Country Partnership Framework (CPF) Background Material June 2014 The World Bank Group What is the World Bank Group? The World Bank is a vital source of financial and technical assistance to developing

More information

AFRICA REGION TOURISM STRATEGY: Transformation through Tourism

AFRICA REGION TOURISM STRATEGY: Transformation through Tourism AFRICA REGION TOURISM STRATEGY: Transformation through Tourism Africa is on the move Africa is poised for a growth takeoff, much as India was 20 years ago and China was 30 years ago. Africa has experienced

More information

The World Bank Group, Solomon Islands Portfolio Overview

The World Bank Group, Solomon Islands Portfolio Overview The World Bank Group, Solomon Islands Portfolio Overview The World Bank Group works to assist the Government and people of Solomon Islands by supporting projects aimed at improving prospects for economic

More information

PACIFIC ISLANDS FORUM SECRETARIAT

PACIFIC ISLANDS FORUM SECRETARIAT PACIFIC ISLANDS FORUM SECRETARIAT 1 PIFS(17)JEOD/JEMD.Background C JOINT DIALOGUE OF ECONOMIC OFFICIALS/MINISTERS, PRIVATE SECTOR & CIVIL SOCIETY ORGANISATIONS Suva, Fiji 4 & 6 April 2017 Options for Stronger

More information

Cook Islands

Cook Islands \ Country Operations Business Plan October 2016 Cook Islands 2017 2019 This document is being disclosed to the public in accordance with ADB s Public Communications Policy 2011. CURRENCY EQUIVALENTS (as

More information

Enhancing regional integration of landlocked developing countries in North and Central Asia through infrastructure connectivity 6 and 7 September

Enhancing regional integration of landlocked developing countries in North and Central Asia through infrastructure connectivity 6 and 7 September Enhancing regional integration of landlocked developing countries in North and Central Asia through infrastructure connectivity 6 and 7 September 2017 Issyk-Kul, Kyrgyzstan What is CAREC? What is CAREC?

More information

CZECH ECONOMY 2015 CZECH ECONOMY. Ing. Martin Hronza Director of the Department of Economic Analyses

CZECH ECONOMY 2015 CZECH ECONOMY. Ing. Martin Hronza Director of the Department of Economic Analyses 2015 Overview of the Czech Economy GDP Labour Market Inflation Balance of Payments FDI Industry Foreign Trade Main Characteristics of the Czech Economy Small, open economy, considerably dependent on foreign

More information

GLOBAL INFRASTRUCTURE FACILITY OPERATING GUIDELINES

GLOBAL INFRASTRUCTURE FACILITY OPERATING GUIDELINES GLOBAL INFRASTRUCTURE FACILITY OPERATING GUIDELINES As Adopted by the GIF Governing Council on 20 April, 2015 And Revised on 16 June, 2016 A. INTRODUCTION 1. The Global Infrastructure Facility ( GIF )

More information

SMALL BuSiNESS AdMiNiSTRATiON

SMALL BuSiNESS AdMiNiSTRATiON 2010 SMALL BuSiNESS AdMiNiSTRATiON Funding Highlights: Provides $28 billion in loan guarantees to expand credit availability for small businesses. Supports disaster recovery for homeowners, renters, and

More information

The African Development Bank Group: A Partner of Choice. GHANA TRADE AND INVESTMENT FORUM Rome, Italy October 31st, 2014

The African Development Bank Group: A Partner of Choice. GHANA TRADE AND INVESTMENT FORUM Rome, Italy October 31st, 2014 The African Development Bank Group: A Partner of Choice GHANA TRADE AND INVESTMENT FORUM Rome, Italy October 31st, 2014 1 AFRICAN AFRICAN DEVELOPMENT DEVELOPMENT BANK BANK GROUP GROUP PRIVATE SECTOR OPERATIONS

More information

Fossil Fuel Subsidy Reform

Fossil Fuel Subsidy Reform 2015/FMP/WKSP1/016 Session: 5 Fossil Fuel Subsidy Reform Submitted by: United States Workshop on Fiscal Management Through Transparency and Reforms Bagac, Philippines 9-10 June 2015 Fossil Fuel Subsidy

More information

Public-Private Partnership and South-South Cooperation. Conference on South-South Cooperation March 11, 2016, New Delhi

Public-Private Partnership and South-South Cooperation. Conference on South-South Cooperation March 11, 2016, New Delhi Public-Private Partnership and South-South Cooperation Conference on South-South Cooperation March 11, 2016, New Delhi Purpose of the South-South Cooperation is to foster self-reliance of developing countries

More information

The World Bank Group is comprised of five organizations:

The World Bank Group is comprised of five organizations: What is the World Bank Group? The World Bank Group (WBG) is the world s largest development institution, offering loans, grants, advice, and knowledge to help countries reduce poverty and promote shared

More information

PRESIDENT GOODLUCK JONATHAN S ADMINISTRATION OUR. Nigerians Some Reasons for Continuity with PDP and more. To be continuing

PRESIDENT GOODLUCK JONATHAN S ADMINISTRATION OUR. Nigerians Some Reasons for Continuity with PDP and more. To be continuing MAJOR ECONOMIC ACHIEVEMENTS OF THE PRESIDENT GOODLUCK JONATHAN S ADMINISTRATION OUR PARTY LEADER- Nigerians Some Reasons for Continuity with PDP and more. To be continuing By Hon. Dr. Harold Molokwu Chairman

More information

Brian Dabson, May 12, 2009

Brian Dabson, May 12, 2009 A Snapshot of the President s Budget FY 2010 Brian Dabson, May 12, 2009 President Obama transmitted his Budget of the United States Government for Fiscal Year 2010 on May 7, 2009. The budget documents

More information

Illustrative List of Possible APEC Actions to Support the APEC Leaders Growth Strategy

Illustrative List of Possible APEC Actions to Support the APEC Leaders Growth Strategy Illustrative List of Possible APEC to Support the APEC Leaders Growth Strategy We, the Senior Officials of Asia Pacific Economic Cooperation (APEC), have prepared the following illustrative list of ongoing

More information

Blending European Union aid to catalyse investments

Blending European Union aid to catalyse investments Blending European Union aid to catalyse investments On a case-by-case basis, the EU grant contribution can take different forms to support investment projects: Investment grant & interest rate subsidy

More information

CTF/TFC.14/3/Rev.1 November 14, Meeting of the CTF Trust Fund Committee Washington, D.C. November 17, Agenda Item 3

CTF/TFC.14/3/Rev.1 November 14, Meeting of the CTF Trust Fund Committee Washington, D.C. November 17, Agenda Item 3 Meeting of the CTF Trust Fund Committee Washington, D.C. November 17, 2014 CTF/TFC.14/3/Rev.1 November 14, 2014 Agenda Item 3 CTF SEMI-ANNUAL OPERATIONAL REPORT PROPOSED DECISION The CTF Trust Fund Committee

More information

ADB Business Opportunities Seminar

ADB Business Opportunities Seminar ADB Business Opportunities Seminar 4 November 2016 Vienna, Austria Presented by Walter Poick Director, Procurement Division 2 (East Asia, Southeast Asia and Pacific Operations) Operations Services and

More information

2015 East Asia and Pacific (EAP) PPI 1 Update

2015 East Asia and Pacific (EAP) PPI 1 Update 2015 East Asia and Pacific (EAP) PPI 1 Update Total investment 2 in infrastructure 3 with private participation in emerging economies in East Asia and the Pacific fell by 16 percent from US$15.9 billion

More information

Business Opportunities

Business Opportunities Business Opportunities IDB Financing in Latin America and The Caribbean September 2014 Public Procurement in Latin America and The Caribbean LAC Public Procurement Market US$ 800 billions US$ 560 b 70%

More information

Indonesia s Update on Inter-sessional Work

Indonesia s Update on Inter-sessional Work 2015/FMP/PPP4/006 Session: 1 Indonesia s Update on Inter-sessional Work Submitted by: Indonesia 4 th Public Private Partnership Experts Advisory Panel Meeting Tagaytay City, Philippines 4 March 2015 APEC

More information

ADB Official Cofinancing with UNITED KINGDOM. Working together for development in Asia and the Pacific

ADB Official Cofinancing with UNITED KINGDOM. Working together for development in Asia and the Pacific ADB Official Cofinancing with UNITED KINGDOM Working together for development in Asia and the Pacific ABOUT THE UNITED KINGDOM (UK) The Department for International Development (DFID) is the UK Government

More information

EIB outside Europe: Africa and the Middle East

EIB outside Europe: Africa and the Middle East EIB outside Europe: Africa and the Middle East Flavia Palanza Director Facility for Euro-Mediterranean Investment and Partnership 4 October 2013 1. The European Investment Bank: The EU Bank 2. EIB Operations

More information

Republic of Tajikistan Dushanbe-Uzbekistan Border Road Improvement Project

Republic of Tajikistan Dushanbe-Uzbekistan Border Road Improvement Project PD 0002-TJK June 6, 2016 PROJECT DOCUMENT Republic of Tajikistan Dushanbe-Uzbekistan Border Road Improvement Project This document has a restricted distribution and may be used by recipients only in performance

More information

MONGOLIA AND THE WORLD BANK GROUP. Working for a World Free of Poverty

MONGOLIA AND THE WORLD BANK GROUP. Working for a World Free of Poverty MONGOLIA AND THE WORLD BANK GROUP Working for a World Free of Poverty Who we are The World Bank Group is the world s largest development institution offering financial assistance, policy advice, research,

More information

Implementing Subsidy Reforms: lessons from international experience Maria Vagliasindi, Program Leader, GCC, World Bank SUBSIDY REFORM 11 1

Implementing Subsidy Reforms: lessons from international experience Maria Vagliasindi, Program Leader, GCC, World Bank SUBSIDY REFORM 11 1 Implementing Subsidy Reforms: lessons from international experience Maria Vagliasindi, Program Leader, GCC, World Bank SUBSIDY REFORM 11 1 Energy subsidy cost are extremely high Energy subsidies in selected

More information

Attracting Private Sector Investment in Infrastructure Experiences from India

Attracting Private Sector Investment in Infrastructure Experiences from India UNESCAP High-level Expert Group Meeting on Infrastructure Public-Private Partnerships for Sustainable Development Attracting Private Sector Investment in Infrastructure Experiences from India Cherian Thomas

More information

Fossil fuel subsidies and UK development finance

Fossil fuel subsidies and UK development finance Fossil fuel subsidies and UK development finance Shelagh Whitley Research Fellow February 7 th, 2014 Global fossil fuel subsidies 2 Subsidies to: 1. Exploration, 2. Production, and 3. Consumption Subsidies

More information

Once a middle income country, Zambia has lived through three decades of declining living standards arising from poor

Once a middle income country, Zambia has lived through three decades of declining living standards arising from poor The world s most developed countries, for the most part, share the characteristic of being highly adaptive to change, whether economic, social, or technological. A country s ability to keep up with technological

More information

Microfinance for Rural Piped Water Services in Kenya

Microfinance for Rural Piped Water Services in Kenya Policy Note No.1 Microfinance for Rural Piped Water Services in Kenya Using an Output-based Aid Approach for Leveraging and Increasing Sustainability by Meera Mehta and Kameel Virjee The water sector in

More information

Making development work

Making development work www.pwc.com Making development work PwC s international development business International Development 2017 Contents The changing face of global development PwC in action around the world How we work

More information

MODELLING THE INFLUENCE OF SUBSIDIZATION ON ELECTRIC DISTRIBUTION COMPANY PERFORMANCE: CASE STUDY

MODELLING THE INFLUENCE OF SUBSIDIZATION ON ELECTRIC DISTRIBUTION COMPANY PERFORMANCE: CASE STUDY 24 th International Conference on Electricity Distribution Glasgow, 12-15 June 217 Paper 449 MODELLING THE INFLUENCE OF SUBSIDIZATION ON ELECTRIC DISTRIBUTION COMPANY PERFORMANCE: CASE STUDY Behrooz. Adeli

More information

North-East Asian Development Finance toward Achieving SDGs

North-East Asian Development Finance toward Achieving SDGs North-East Asia Development Cooperation Forum 2017 Development cooperation in SDG implementation for a more secure and prosperous world Session 3: North-East Asia Partnership for Implementing SDGS North-East

More information

4.07. Infrastructure Stimulus Spending. Chapter 4 Section. Background. Follow-up to VFM Section 3.07, 2010 Annual Report. Ministry of Infrastructure

4.07. Infrastructure Stimulus Spending. Chapter 4 Section. Background. Follow-up to VFM Section 3.07, 2010 Annual Report. Ministry of Infrastructure Chapter 4 Section 4.07 Ministry of Infrastructure Infrastructure Stimulus Spending Follow-up to VFM Section 3.07, 2010 Annual Report Background In January 2009, the federal government announced the Economic

More information

The Dragon s Gift. Deborah Brautigam. Overseas Development Institute London March 17, 2010

The Dragon s Gift. Deborah Brautigam. Overseas Development Institute London March 17, 2010 The Dragon s Gift Deborah Brautigam Overseas Development Institute London March 17, 2010 Once upon a time Goals of the Book Provide historical & comparative context Explain how Chinese aid & economic cooperation

More information

EUROPEAN INVESTMENT BANK

EUROPEAN INVESTMENT BANK EUROPEAN INVESTMENT BANK Promoting European objectives ARLEM s Commission for Sustainable Development (SUDEV) Brussels, 2 July 2010 Jackie Church, Liaison Officer 1 The European Investment Bank (EIB) Long-term

More information

SA GREEN FUND. OECD/AfDB, Green Growth in Africa Workshop: 16 January, 2013

SA GREEN FUND. OECD/AfDB, Green Growth in Africa Workshop: 16 January, 2013 SA GREEN FUND OECD/AfDB, Green Growth in Africa Workshop: 16 January, 2013 Presentation Outline Introduction Evolution of the Green Growth Policy Framework Establishment of the Green Fund Fund Objectives

More information

THE WHITE HOUSE. The State of the Union: President Obama s Plan to Win the Future

THE WHITE HOUSE. The State of the Union: President Obama s Plan to Win the Future THE WHITE HOUSE The State of the Union: President Obama s Plan to Win the Future In his State of the Union, President Obama spoke of the need to maintain America s leadership in a rapidly changing world

More information

ACP-EU Joint Parliamentary Assembly The EU blending mechanism: Experiences of KfW development bank

ACP-EU Joint Parliamentary Assembly The EU blending mechanism: Experiences of KfW development bank ACP-EU Joint Parliamentary Assembly The EU blending mechanism: Experiences of KfW development bank Brussels, 17 March 2016 Christoph Gabriel Krieger Regional Manager, West Africa and Madagascar KfW Development

More information

TERMS OF REFERENCE. Regional Off-Grid Electrification Project

TERMS OF REFERENCE. Regional Off-Grid Electrification Project Regional Off-Grid Electrification Project Development of implementation frameworks for private investment in the off-grid electrification of public institutions and to promote productive uses of electricity

More information

EUA Finance for the Regions: The economic benefits of retrofitting Victoria s building stock through Environmental Upgrade Agreements.

EUA Finance for the Regions: The economic benefits of retrofitting Victoria s building stock through Environmental Upgrade Agreements. EUA Finance for the Regions: The economic benefits of retrofitting Victoria s building stock through Environmental Upgrade Agreements December 2013 An joint initiative of the Eastern and Western Greenhouse

More information

Innovative Finance to help close the Skills Gaps: Some Possibilities

Innovative Finance to help close the Skills Gaps: Some Possibilities Innovative Finance to help close the Skills Gaps: Some Possibilities International Skills Development Forum, ADB Manila, Philippines December 11, 2013 Nicholas Burnett, Managing Director, R4D nburnett@r4d.org

More information

World Bank News Release: Loan and Credit Summary. Brazil Rio Grande do Sul SWAP to Strengthen Public Investment Project

World Bank News Release: Loan and Credit Summary. Brazil Rio Grande do Sul SWAP to Strengthen Public Investment Project World Bank News Release: Loan and Credit Summary Brazil Rio Grande do Sul SWAP to Strengthen Public Investment Project IBRD Loan: US$480 MILLION Terms: Maturity = 30 years: Grace period = 4 years Project

More information

The Fiscal 2018 Omnibus Spending Bill

The Fiscal 2018 Omnibus Spending Bill The Fiscal 2018 Omnibus Spending Bill (As of March 23, 2018) On March 23, 2018, President Trump signed the $1.3 trillion Omnibus spending bill. The legislation, approved by the House and Senate, funds

More information

Building Infrastructure through PPPs with the AfDB

Building Infrastructure through PPPs with the AfDB Building Infrastructure through PPPs with the AfDB 1 Ẉho are we? AfDB: Africa s Premier Development Financial Institution AAA by all rating agencies African Development Bank (ADB) African Development Fund

More information

Energy Subsidies in Developing Countries: Can we make it for those whom it is intended?

Energy Subsidies in Developing Countries: Can we make it for those whom it is intended? Energy Subsidies in Developing Countries: Can we make it for those whom it is intended? Joint UNEP and UNECE Expert Meeting on Energy Subsidies 15-16 November 2007 International Environment House Châtelaine-Geneva,

More information

APPENDIX METROFUTURE OVERVIEW OVERVIEW

APPENDIX METROFUTURE OVERVIEW OVERVIEW APPENDIX B METROFUTURE OVERVIEW OVERVIEW Land use decisions and many economic development decisions in Massachusetts are controlled directly by local municipalities through zoning. This planning is guided

More information

February Spotlight on Lagos

February Spotlight on Lagos February 2016 Spotlight on Lagos 2 Introduction The Nigerian economy has grown significantly over the last decade and it supplanted South Africa in 2014 as the largest economy in Africa following a rebasing

More information

Papua New Guinea: Implementation of the Electricity Industry Policy

Papua New Guinea: Implementation of the Electricity Industry Policy Technical Assistance Report Project Number: 46012 December 2012 Papua New Guinea: Implementation of the Electricity Industry Policy The views expressed herein are those of the consultant and do not necessarily

More information

The Future of Non-food Sourcing. The Sourcing Landscape

The Future of Non-food Sourcing. The Sourcing Landscape The Future of Non-food Sourcing The Sourcing Landscape China is the factory of the world - exports exceeded USD 1.2 trillion last year Heilongjiang Xinjiang Tibet Gansu Qinghai Liaoning Inner Mongolia

More information

REAs/REFs in Rural Electrification A Review of three EU Rural Electrification Reports

REAs/REFs in Rural Electrification A Review of three EU Rural Electrification Reports REAs/REFs in Rural Electrification A Review of three EU Rural Electrification Reports African Electrification Initiative Practitioner Workshop Dakar, 14-16 November 2011 Ralph Karhammar rkarhammar@gmail.com

More information

Pre-Budget Submission. Canadian Chamber of Commerce

Pre-Budget Submission. Canadian Chamber of Commerce Pre-Budget Submission Canadian Chamber of Commerce Productivity is critical to the performance of Canada s economy, and to our prosperity, because increasing output per worker enables us to raise real

More information

Queensland: state economy and State Budget,

Queensland: state economy and State Budget, Queensland: state economy and State Budget, 2017-18 Government measures for business and industry The Queensland Treasurer Curtis Pitt delivered the Palaszczuk Government s third Budget on 13th June 2017.

More information

Value to society. $245.5bn Economic value generated by BP. $15.9bn Economic value retained by BP

Value to society. $245.5bn Economic value generated by BP. $15.9bn Economic value retained by BP Value to society Q How do you measure the value that you bring to communities and countries? A It s not as easy as measuring barrels of oil, or how many people we employ, or how much we spend on social

More information

Multilateral Development Banks

Multilateral Development Banks Multilateral Development Banks Working together for more effective development cooperation African Development Bank Asian Development Bank European Bank for Reconstruction and Development Inter-American

More information

Business Oregon Annual Performance Progress Report Reporting Year 2016 Published: 10/3/2016 1:28:54 PM

Business Oregon Annual Performance Progress Report Reporting Year 2016 Published: 10/3/2016 1:28:54 PM Business Oregon Annual Performance Progress Report Reporting Year 2016 Published: 10/3/2016 1:28:54 PM KPM # Approved Key Performance Measures (KPMs) 1 Number of jobs created - 2 Number of jobs retained

More information

See Notes on Agenda Items, following pages.

See Notes on Agenda Items, following pages. Draft AGENDA CITIES ALLIANCE STEERING COMMITTEE 22 June 2006, 6:30 p.m. 9:30 p.m. Hong Kong Room Metropolitan Hotel (phone: 1-604-687-1122) 645 Howe Street Vancouver, Canada A light buffet dinner will

More information

EIB support for private sector investment in Africa

EIB support for private sector investment in Africa EIB support for private sector investment in Africa 1 st Africa Finance Conference Bonn, 5 November 2013 Heike Rüttgers, ACP-IF Department 1 EIB signatures 2012 (in EUR) 07/11/2013 2 EIB Project Approval

More information

Driving Innovation in MSME s

Driving Innovation in MSME s Driving Innovation in MSME s Ms. Deepali Shahane Lecturer, I.M.E.D. Bharati Vidyapeeth, Pune email: shahanedeepali@gmail.com Mr. Dhananjay Shahane Principal Designer, Aakruti consultants email: dshahane@aakruticonsultants.com

More information

Unlocking the potential

Unlocking the potential Opportunity for All Promoting Growth Jobs and Inclusiveness in the Arab World Marrakesh January 29-0, 208 # Opportunity4MENA Unlocking the potential of people in MENA 70% 5% think governments are not doing

More information

SMEs in developing countries with special emphasis on OIC Member States, and policy options to increase the competitiveness of SMES

SMEs in developing countries with special emphasis on OIC Member States, and policy options to increase the competitiveness of SMES The Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC) October 10th, 2012 SMEs in developing countries with special emphasis on OIC Member

More information

CORPORATE SOCIAL RESPONSIBILITY POLICY March, 2017 Version 1.2

CORPORATE SOCIAL RESPONSIBILITY POLICY March, 2017 Version 1.2 CORPORATE SOCIAL RESPONSIBILITY POLICY March, 2017 Version 1.2 Name of document Corporate Social Responsibility Policy Policy Version 1.2 Issued by CSR Committee Amendment date 22.03.2017 Effective Date

More information

Broadband Internet Affordability

Broadband Internet Affordability Broadband Internet Affordability 1. Does it matter at the first place? 2. Why broadband access should be universal and affordable, and why connecting more people with the information, education, and health

More information

Well, I sweated that day, but today I want us to discuss how to sweat our balance sheet as a Bank to deliver more for Africa.

Well, I sweated that day, but today I want us to discuss how to sweat our balance sheet as a Bank to deliver more for Africa. Remarks delivered by Akinwumi A. Adesina, President of the African Development Bank at the Centre for Global Development, Washington DC, April 19, 2017 Good morning everyone! I am honoured to have been

More information

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT 2 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT LEGAL NOTICE CPA Australia Ltd ( CPA Australia )

More information

UNITED NATIONS COMMISSION ON SUSTAINABLE DEVELOPMENT. April 30, Partnerships in Action: Solutions to Growing Energy Demands

UNITED NATIONS COMMISSION ON SUSTAINABLE DEVELOPMENT. April 30, Partnerships in Action: Solutions to Growing Energy Demands UNITED NATIONS COMMISSION ON SUSTAINABLE DEVELOPMENT April 30, 2007 Partnerships in Action: Solutions to Growing Energy Demands The Renewable Energy & Energy Efficiency Partnership (REEEP) Zoe Dawson,

More information

Call for Investment Proposals for the Inclusive and Equitable Local Development (IELD) Programme in Tanzania Mainland.

Call for Investment Proposals for the Inclusive and Equitable Local Development (IELD) Programme in Tanzania Mainland. Call for Investment Proposals for the Inclusive and Equitable Local Development (IELD) Programme in Tanzania Mainland. About UNCDF UNCDF makes public and private finance work for the poor in the world

More information

2006 Development Marketplace Global Competition Innovations in Water, Sanitation and Energy Services for Poor People OFFICIAL PROPOSAL FORM

2006 Development Marketplace Global Competition Innovations in Water, Sanitation and Energy Services for Poor People OFFICIAL PROPOSAL FORM OFFICIAL PROPOSAL FORM Introduction: The 2006 Development Marketplace Competition Proposal Form is divided into the following six sections: Project Team Leader Contact Info, Project Profile, Primary Partner,

More information

PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB5998 Project Name. Leveraging ICT for Governance, Growth and Employment Project Region

PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB5998 Project Name. Leveraging ICT for Governance, Growth and Employment Project Region Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB5998 Project Name Leveraging

More information

INDONESIA NATIONAL ROADS IMPROVEMENT PROJECT WESTERN INDONESIA PROJECT INFORMATION DOCUMENT CONCEPT STAGE Report No.:AB2075 Project Name

INDONESIA NATIONAL ROADS IMPROVEMENT PROJECT WESTERN INDONESIA PROJECT INFORMATION DOCUMENT CONCEPT STAGE Report No.:AB2075 Project Name INDONESIA NATIONAL ROADS IMPROVEMENT PROJECT WESTERN INDONESIA PROJECT INFORMATION DOCUMENT CONCEPT STAGE Report No.:AB2075 Project Name ID-National Roads Improvement Project Western Indonesia Region EAST

More information

QUARTERLY REPORT: (April 1 June 30, 2006) Status of Approved Activities

QUARTERLY REPORT: (April 1 June 30, 2006) Status of Approved Activities Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized QUARTERLY REPORT: (April 1 June 30, 2006) Status of Approved Activities 41729 PPIAF Helping

More information

Transit Operations Funding Sources

Transit Operations Funding Sources Chapter 7. Funding Operations Funding Funding has increased about 56% in absolute terms between 1999 and 2008. There have been major variations in individual funding sources over this time, including the

More information

foundationcenter.org/gainknowledge

foundationcenter.org/gainknowledge foundationcenter.org/gainknowledge Outline Examine changes in international grantmaking through 2006 Discuss prospects for international giving International Grantmaking Trends through 2006 Growth of International

More information

Cape Town, 10 May 2017 Solutions and Innovations in Procurement

Cape Town, 10 May 2017 Solutions and Innovations in Procurement Cape Town, 10 May 2017 Solutions and Innovations in Procurement The Vision: Procurement in Investment Project Financing supports clients to achieve value for money with integrity in delivering sustainable

More information

Economics. A Macroeconomic Theory of the Open Economy CHAPTER. N. Gregory Mankiw. Principles of. Seventh Edition. Wojciech Gerson ( )

Economics. A Macroeconomic Theory of the Open Economy CHAPTER. N. Gregory Mankiw. Principles of. Seventh Edition. Wojciech Gerson ( ) Wojciech Gerson (1831-1901) Seventh Edition Principles of Economics N. Gregory Mankiw CHAPTER 32 A Macroeconomic Theory of the Open Economy In this chapter, look for the answers to these questions In an

More information

Introduction to Results-Based Financing and Output-Based Aid

Introduction to Results-Based Financing and Output-Based Aid Introduction to Results-Based Financing and Output-Based Aid Luis Tineo GPOBA Oliver Knight ESMAP What is results-based financing? Payment for outputs delivered Used to incentivize deployment, market creation,

More information

Country Operations Business Plan. Samoa October 2016

Country Operations Business Plan. Samoa October 2016 Country Operations Business Plan October 2016 Samoa 2017 2019 This document is being disclosed to the public in accordance with ADB's Public Communications Policy 2011. CURRENCY EQUIVALENTS (As of 26

More information

Energy Subsidy Reform: Lessons and Implications

Energy Subsidy Reform: Lessons and Implications Energy Subsidy Reform: Lessons and Implications Benedict Clements Fiscal Affairs Department International Monetary Fund November 2013 This presentation represents the views of the authors and should not

More information

WikiLeaks Document Release

WikiLeaks Document Release WikiLeaks Document Release February 2, 2009 Congressional Research Service Report RS22162 The World Bank: The International Development Association s 14th Replenishment (2006-2008) Martin A. Weiss, Foreign

More information

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT

THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT 2 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT LEGAL NOTICE CPA Australia Ltd ( CPA Australia ) is one of

More information

Opportunities in Mexico

Opportunities in Mexico Opportunities in Mexico Presented by: Linda Caruso Principal Commercial Officer U.S. Commercial Service Guadalajara 1 How People Frequently View Mexico 2 Mexico Handicrafts in 2015 3 Mexico at a Glance

More information

1Identification and. Formulation of Projects. Identification, Formulation and Planning. Chapter 1. Outline of JICA Activities

1Identification and. Formulation of Projects. Identification, Formulation and Planning. Chapter 1. Outline of JICA Activities Chapter 1 Identification, Formulation and Planning 1Identification and Formulation of Projects The International Conference on the Year Review of the Transitional Economies and Challenges in the Next Decade,

More information

STRATEGY GUIDELINES OF BUSINESS & INVESTMENT DEVELOPMENT ( )

STRATEGY GUIDELINES OF BUSINESS & INVESTMENT DEVELOPMENT ( ) STRATEGY GUIDELINES OF BUSINESS & INVESTMENT DEVELOPMENT (2013-2020) 2020) Tirana, May 29, 2012 Current situation Vision, policies and policy s aim Policy objectives and products Costs and financial resources

More information

Appendix A: World Bank Group Response to Market and Government Failures

Appendix A: World Bank Group Response to Market and Government Failures Appendix A: World Bank Group Response to Market and Government Failures When market failures exist, markets are not likely to provide innovation and entrepreneurship at an optimal level because the social

More information

56 MANAGEMENT OF TECHNICAL CO-OPERATION FOR DEVELOPMENT

56 MANAGEMENT OF TECHNICAL CO-OPERATION FOR DEVELOPMENT $2 913 585 $4 496 711 $5 563 818 Co-ordination and control Technical co-operation programmes Technical co-operation implementation The Agency s technical co-operation programme has moved in new directions

More information

Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case. Lorenza Martinez April, 2012

Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case. Lorenza Martinez April, 2012 Implementing Economic Policy for Innovation and Entrepreneurship: The Mexican Case Lorenza Martinez April, 2012 1 Mexican economic development strategy based on fostering productivity 1 The projections

More information

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized North East Local Services Improvement [Project TABLE OF CONTENTS NORTH EAST LOCAL SERVICES

More information

Presentation to EACCIA

Presentation to EACCIA Reinforcing the capacity of East Africa to identify, develop and promote PPPs for infrastructure Presentation to EACCIA John Kariuki Assistant Director Economic Pillar Kenya Vision 2030 Delivery Secretariat

More information

PROSPEROUS INCLUSIVE RESILIENT SUSTAINABLE ASIA AND THE PACIFIC

PROSPEROUS INCLUSIVE RESILIENT SUSTAINABLE ASIA AND THE PACIFIC PROSPEROUS INCLUSIVE RESILIENT SUSTAINABLE ASIA AND THE PACIFIC WHY A NEW STRATEGY FOR ADB? Asia and the Pacific has made great strides in poverty reduction and economic growth in the last 50 years, but

More information

A case study on subsidizing rural electrification in Chile

A case study on subsidizing rural electrification in Chile 9 A case study on subsidizing rural electrification in Chile Alejandro Jadresic Message from the editors Reform of the energy sector and reform of subsidies ideally go hand in hand. Structural, ownership,

More information

EXECUTIVE SUMMARY. Global value chains and globalisation. International sourcing

EXECUTIVE SUMMARY. Global value chains and globalisation. International sourcing EXECUTIVE SUMMARY 7 EXECUTIVE SUMMARY Global value chains and globalisation The pace and scale of today s globalisation is without precedent and is associated with the rapid emergence of global value chains

More information

Photo credit: Boston Community Capital

Photo credit: Boston Community Capital 2016 Impact Report Photo credit: Boston Community Capital Cover photos: Provided by our borrowers and partners. Additional photo credits, in order from page 3: Enterprise Community Partners, Equitas Academy

More information

Financing Local Infrastructure: Methodology for Developing Project Profiles

Financing Local Infrastructure: Methodology for Developing Project Profiles Preliminary Roadmap Infrastructure Toolkit Methodology for Local Economic Development Finance Initiative of Tanzania (LFI-T) Financing Local Infrastructure: Methodology for Developing Project Profiles

More information

Francesco Zizola / NOOR agency. Agence Française de Développement MOROCCO

Francesco Zizola / NOOR agency. Agence Française de Développement MOROCCO Francesco Zizola / NOOR agency Agence Française de Développement Morocco, a Mediterranean country in Africa At the crossroads of Europe and Africa, the Kingdom of Morocco is benefitting from a strategic

More information

ON-GOING EXTERNALLY AIDED PROJECTS

ON-GOING EXTERNALLY AIDED PROJECTS ON-GOING EXTERNALLY AIDED PROJECTS The State Government has given a very high priority for the Externally Aided Projects (EAPs) in the resource mobilization strategy of the State. EAPs play an important

More information

Overview of financial sources for mitigation actions, including support for NAMAs

Overview of financial sources for mitigation actions, including support for NAMAs Overview of financial sources for mitigation actions, including support for NAMAs Africa Regional Workshop on NAMAs, October 2014 Mwila Musumali, (Compliance and Safeguards Division, AfDB) Global climate

More information