Resp: EFSA Stage: Impl. Recurrent: Due Date: March 31, Frequency: Status: Ongoing /Bank 2014 3.2. Social and Rating Low Environmental Description: Social and Risk Management: The proposed project is classified as a Category C, as it is likely to have minimal or environmental risks are no adverse environmental impacts. No environmental safeguards instruments other than the ISDS need to minimal due to this being a be prepared for this project. technical assistance project to improve regulatory framework Resp: Bank/EFSA Stage: Recurrent: Due Date: March 31, Frequency: Status: Ongoing Prep. 2014 3.3. Program and Donor Rating Moderate Description: Inadequate Risk Management: The World Bank is working closely and liaising with donors active in the technical assistance Microfinance sector, from the scoping stage onwards in an effort to harmonize and streamline the efforts provided by donors and of all institutions. No additional risk mitigation requirements anticipated. government entities. Resp: Bank Stage: Prep. Recurrent: Due Date: March 31, Frequency: Status: Ongoing 2014 3.4. Delivery Monitoring Rating Moderate and Sustainability Description: Ability to Risk Management: from the local country office are core team members involved in project exercise adequate level of preparation and will be involved in the project ongoing supervision. The country team also draws upon project supervision in view financial inclusion experts based in headquarters. of the current uncertainties in the region. Description: EFSA lack of One of the main project components is providing training and capacity building to Risk Management: technical and institutional EFSA staff to ensure technical and institutional capacity. capacity to maintain project
Resp: EFSA /Bank Stage: Impl. Recurrent: Due Date: March 31, 2014 Frequency: Status: Ongoing 3.2. Social and Environmental Rating Low Description: Social and environmental risks are minimal due to this being a technical assistance project to improve regulatory framework Risk Management: The proposed project is classified as a Category C, as it is likely to have minimal or no adverse environmental impacts. No environmental safeguards instruments other than the ISDS need to be prepared for this project. Resp: Bank/EFSA Stage: Prep. Recurrent: Due Date: March 31, 2014 Frequency: Status: Ongoing 3.3. Program and Donor Rating Moderate Description: Inadequate technical assistance provided by donors and government entities. Risk Management: The World Bank is working closely and liaising with donors active in the Microfinance sector, from the scoping stage onwards in an effort to harmonize and streamline the efforts of all institutions. No additional risk mitigation requirements anticipated. Resp: Bank Stage: Prep. Recurrent: Due Date: March 31, 2014 Frequency: Status: Ongoing 3.4. Delivery Monitoring and Sustainability Rating Moderate Description: Ability to exercise adequate level of project supervision in view of the current uncertainties in the region. Description: EFSA lack of technical and institutional capacity to maintain project Risk Management: from the local country office are core team members involved in project preparation and will be involved in the project ongoing supervision. The country team also draws upon financial inclusion experts based in headquarters. Risk Management: One of the main project components is providing training and capacity building to EFSA staff to ensure technical and institutional capacity.
EG%20WB%20Microfinance%20Project%20Document.docx