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 Bank/EFSA March 31, Resp: Stage: Recurrent: Due Date: Frequency: Status: Prep. 2014 Completed 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. Bank Prep. March 31, Resp: Stage: Recurrent: Due Date: Frequency: Status: 2014 Completed Moderate 3.4. Delivery Monitoring Rating and Sustainability Description: Ability to Risk Management: Staff 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 Risk Management: One of the main project components is providing training and capacity building to technical and institutional EFSA staff to ensure technical and institutional capacity. capacity to maintain project initiatives (new functions on MFI regulation ) after project completion Resp: Stage: Prep. Recurrent: Due Date: March 31, Frequency: Status: Bank/EFSA 2014 Completed
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: Completed 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: Completed 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 initiatives (new functions on MFI regulation ) after project completion Risk Management: Staff 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. Resp: Bank/EFSA Stage: Prep. Recurrent: Due Date: March 31, 2014 Frequency: Status: Completed
89569-PAD-P149677-Box394838B-PUBLIC-English-version.docx