VE CARACAS SLUM UPGRADE

Abstract*

The Caracas Slum-Upgrading Project aims to improve quality of life for the inhabitants of a selected number of barrios in Caracas, Venezuela, by developing and implementing a community-driven, sustainable, and replicable infrastructure improvement program. The project has three components. The first, urban upgrading, finances the design and execution of Communities Neighborhood Improvement Plans (NIP) and includes designing and executing pedestrian... Show More

Development Objective

The objective of the Project is to improve the quality of life of the inhabitants of a selected number of barrios (representing 15 percent of total barrio population) in the Metropolitan Area of Caracas (MAC), through the development and implementation of a community driven, sustainable and replicable infrastructure improvement program.The objective remains unchanged, although with the partial loan cancellation the number of direct beneficiaries is 40% of what was originally projected.

Key Details

Project Details

Project ID
P040174
Status
Closed
Team Leader
Taimur Samad
Borrower 2
N/A

Country
Venezuela, Republica Bolivariana de
Disclosure Date
August 10, 1998
Approval Date
(as of board presentation)
October 22, 1998
Effective Date
December 21, 1999

Total Project Cost 1
US$ 152.90 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
1999

Commitment Amount
US$ 60.70 million
Environmental Category
B
Last Update Date
January 15, 2013
Closing Date
June 30, 2006

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Public Sector Management

FY17 - Public Administration22%
- FY17 - Administrative and Civil Service Reform7%
- FY17 - Municipal Institution Building15%

FY17 - Social Development and Protection

FY17 - Fragility, Conflict and Violence2%
- FY17 - Forced Displacement2%
FY17 - Social Inclusion42%
- FY17 - Other Excluded Groups20%
- FY17 - Participation and Civic Engagement22%

FY17 - Urban and Rural Development

FY17 - Rural Development11%
- FY17 - Land Administration and Management11%
FY17 - Urban Development23%
- FY17 - Services and Housing for the Poor23%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	60.70

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	60.70
IDA Commitment	N/A
IBRD + IDA Commitment	60.70

Lending Instrument
Grant Amount	N/A
Total Project Cost**	152.90

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 22, 1998	IBRD-44000	Loan Commitment	60,700,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Satisfactory	2006-05-16
Progress towards achievement of PDO	Satisfactory	2006-05-16
Procurement	Satisfactory	2006-05-16
Counterpart Funding	Moderately Satisfactory	2006-05-16
Project Management	Satisfactory	2006-05-16
Financial Management	Satisfactory	2006-05-16
Monitoring and Evaluation	Satisfactory	2006-05-16
Overall Implementation Progress (IP)	Satisfactory	2006-05-16

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-30-2007
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-20-2007	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Moderately Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Modest	N/a

Results Framework