[CAPITAL INFLUX]RAW INTERCEPT / world-bank-approves-10m-additional-financing-for-fostering-resilient-learning-project-to-cover-inflation-related-cost-overruns-and-new-construction-component
World Bank approves $10M additional financing for Fostering Resilient Learning Project to cover inflation-related cost overruns and new construction component.
World Bank approves $10M additional financing for Fostering Resilient Learning Project to cover inflation-related cost overruns and new construction component.
MAGNITUDE
MAG-7
CONFIDENCE
95%
RECEIVED
6 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 $10M additional trust fund financing, project extended to end-2027, facing construction phase with moderate environmental/social risks, no vendor specified for new Component 6 construction activities.
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