Disclosable Restructuring Paper ICT Sector Support in Somalia Phase II P152358
The objective of the Second Phase of the ICT Sector Support Project is to support the ICT Sector in Somalia by contributing to establishing an enabling environment and by encouraging efficiency and equity in access to connectivity. The project has been effective since June 2015 and activities were launched at the beginning of July 2015. It was restructured to extend the closing date, and an additional financing of US dollar 2m was added. The work plan is being implemented and project implementation remains on track, with both the PDO and IP rated as 'satisfactory' Unfortunately, although the original project was appraised for US dollar 14m, the donor funding was not available all at once from the MPF, so a series of project restructurings and grant amendments have been carried out, as new funds become available. The change proposed here is the addition of an extra US dollar 1m, which will bring the allocation for the portion of the grant that is Bank Executed on behalf of the Recipient part (component 1) from dollar 3.5 million to 4.5 million (plus US dollar 2.0m in additional financing) This is the final restructuring anticipated.