Where the impacts of the investment may be experienced.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-02-24
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: MUNICIPALITY OF TERESINA
The holder of the loan, grant, or other investment.
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 88.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 176.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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BR AF Teresina Enhancing Municipal Governance and Quality of Life Proj
The development objectives of the Teresina Enhancing Municipal Governance and Quality of Life Project for Brazil are to: (i) modernize and improve the management capacity of Teresina municipal government in the financial, urban, environmental, service-delivery, and economic development fields; and (ii) improve the quality of life of the low-income population of the Lagoas do Norte region of the city. The additional financing (AF) will be used to cover a financing gap in the ongoing United States (U.S.) 31.13 million dollars loan, and enable the completion of originally planned activities. The project will finance specific social and economic interventions to improve health and quality of life, as well as promote job creation and local economic growth. The additional loan will consolidate the interventions already built under the first phase and further catalyze the transformation of low-income neighborhoods in the Lagoas do Norte region. In addition, the activities financed by the additional loan will be a central element in integrating the Lagoas do Norte region within the social fabric and urban dynamic of the rest of the city.
ACCOUNTABILITY MECHANISM OF 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 email@example.com
. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx