[CAPITAL INFLUX]RAW INTERCEPT / sig-dcbeb449
World Bank approves US$10M Additional Financing for Fostering Resilient Learning Project (P172753), funding a new construction and rehabilitation component with no named vendor.
The World Bank approved a US$10.00M Additional Financing (Request 3) for the Fostering Resilient Learning Project (P172753), raising total operation cost from US$26.78M to US$36.78M and creating a new Component 6 for construction and rehabilitation works transferred from the Emergency Response Project.
MAGNITUDE
MAG-4
CONFIDENCE
78%
RECEIVED
8 days ago
INTERCEPT READOUT
Additional funds would be allocated to Components 1, 2 and 3 and 4 to cover inflation related cost overruns causing a financing gap. The Additional Financing will also allow to finance a new Component (6), hosting the construction and rehabilitation activities transferred from the Emergency Response Project (ERP1).
- TARGET STATE
- Flush with US$10M in newly approved free-standing trust fund financing, in active construction phase, with a financing gap driven by inflation and delays; no construction vendor named in the document.
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