1 / 16

“Project Cycle” Basics - Introduction to the World Bank Operations

“Project Cycle” Basics - Introduction to the World Bank Operations. December 25, 2007 for Int’l Org Studies at Tokyo Univ. of Foreign Studies Yasuo IZUMI. Project Cycle at a Glance Project Cycle Key Steps Key Dates Key Documents. “ Project Cycle Key Steps” PRSP / CAS Identification

venus-pugh
Download Presentation

“Project Cycle” Basics - Introduction to the World Bank Operations

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “Project Cycle” Basics- Introduction to the World Bank Operations December 25, 2007 for Int’l Org Studies at Tokyo Univ. of Foreign StudiesYasuo IZUMI

  2. Project Cycle at a Glance Project Cycle Key Steps Key Dates Key Documents “Project Cycle Key Steps” PRSP / CAS Identification Preparation Appraisal Nego / Board Approval Implementation Completion Evaluation Agenda

  3. Project Cycle at a Glance

  4. Step 1: PRSP / CAS • Poverty Reduction Strategy Paper (PRSP) at Low Income Countries ( IDA Countries) • Prepared by Countries • Covering 3-5 year period • Shared among Donor Agencies • Country Assistance Strategy (CAS) • Blue Print for the Bank Operations • Covering 2-3 year period • Extensive Consultations with Stakeholders

  5. Step 2: Identification • Bank Team Identifies Projects Indicated in CAS with Governments • Bank Team Prepares a “Project Concept Note” (PCN) • Outlines the Basic Concepts of the Project including Objectives, Risks, Team, Budget, Timeline • Presented to and Cleared by Country Director • 4-5 Page Internal Document • “Project Information Document”, and“Integrated Safeguards Data Sheet”are also Produced

  6. Step 3: Preparation • Country Side Process to Prepare Projects • Policy Orientation, and Institutional, Technical, Financial, and Environmental Issues are Examined • With Assistance from the Bank Team • “Environmental Assessment Report” and “Indigenous Peoples Development Plan” are Drafted if Necessary

  7. Step 4-1: Appraisal • Quality Enhancement Review • After PCN Clearance, Bank Team Receives Assistance from Quality Assurance Group (QAG) to Enhance Quality • QAG is an Independent Group of the Bank Consisting of Senior and Seasoned Specialists to Assist Bank Teams. • “Quality at Entry”, “Quality of Supervision” are also Offered to Bank Teams

  8. Step 4-2: Appraisal • Bank Team Reviews and Prepares Project Documents • “Project Appraisal Document” (PAD) for Investment Lendings • “Program Document” (PD) for Policy Lendings • 40-60 Pages of Main Text with Annexes • Regional Operations Committee (ROC) or Operations Committee (OC) Reviews and Clears Project Proposals

  9. Step 5-1: Negotiation • Government Representatives are Invited to Finalize the Loan Documentation • Takes Place in Washington DC, in General • Lasts for about a Week • Legal Documents are Prepared and Finalized • Upon Successful Negotiation, a Package ofProject Documents are Sent to the Board of Directors

  10. Step 5-2: Board Approval • Executive Directors Reviews and Approves the Proposed Loan / Credit at the Board Meeting • Government Representatives are also Invited • Relevant VP, CD and Senior Staff Members Attend • EDs are Invited to Make Comments and Cast their Vote • Upon “Board Approval” the Loan / Credit Agreement is “Signed” • After Conditions Precedents areFulfilled, it Becomes “Effective”

  11. Step 6: Implementation • Implementation of the Project • Borrowing Government to Prepare and Execute Project • Proceeds Procurement, Set up Financial Management System • Bank Team Supervises the Project and Assist the Borrower • Bank Team Conducts Supervision Missions at least Twice a Year • Prepares “Project Status Report” (PSR), with Aide Memoire

  12. Step 7: Completion • Project Period varies by Type of Lending • 1-3 Years for Policy Lending • Up to 10 Years for Investment Lending • “Completion” means the End of Disbursement of Loans / Credits • An “Implementation Completion Report” (ICR)is Prepared by the Bank Team and Presented to the Board

  13. Step 8: Evaluation • Integrated Evaluation Group (IEG) Conducts an Audit to Measure Projects’ Outcome against the Original Objectives • IEG Publishes: • Annual Review of Development Effectiveness • Project Evaluation • Country Evaluation • Sector Evaluation ….

  14. Key Dates • PCN Review • ROC / OC Review • Negotiation • Board Approval • Loan Agreement Signing • Loan Effectiveness • Implementation Completion / Closing • ICR Submission

  15. Key Documents • Project Concept Note (PCN) - Internal • Project Information Document (PID) • Project Appraisal Document (PAD) • Program Document (PD) • Loan Agreement (LA) – Confidential • Project Status Report (PSR) – Internal • Implementation Completion Report (ICR)

  16. End of Presentation Yasuo IZUMI Yasuo_Izumi@hotmail.com Deputy Team Leader, UGM Hi-Link Project, JICA Expert Team Advisor, Sr. Consultant, PSD/FSD & Human Capital Dev’t IC Net Visiting Professor, Kobe University, GSICS Former Sector Manager, The World Bank, PSD/FSD, ECA

More Related