Cultural Assets Rehabilitation Project

Abstract*

The Cultural Assets Rehabilitation Project is processed as a Learning and Innovation Loan to support the Government of Eritrea's cultural asset rehabilitation and conservation agenda with regard to capacity building, increasing sources of growth, and human resources development. The project aims to test out and develop means for more fully integrating the conservation and management of Eritrea's cultural assets into local and national economic development... Show More

Development Objective

The objective of the project is to test and develop approaches, on a pilot basis, for more fully integrating the conservation and management of cultural assets into local and national economic development. This will be achieved through a focus in part on the architectural heritage in Asmara and other urban centers, on selected historical sites and on written, oral and artistic traditions.

Key Details

Project Details

Project ID
P058724
Status
Closed
Team Leader
Roxanne Hakim
Borrower 2
N/A

Country
Eritrea
Disclosure Date
March 8, 2000
Approval Date
(as of board presentation)
July 6, 2001
Effective Date
October 5, 2001

Total Project Cost 1
US$ 5.40 million
Implementing Agency
N/A
Region
Eastern and Southern Africa
Fiscal Year 3
2002

Commitment Amount
US$ 5.00 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
July 31, 2007

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

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 - Private Sector Development

FY17 - Jobs100%

FY17 - Social Development and Protection

FY17 - Fragility, Conflict and Violence68%
- FY17 - Conflict Prevention34%
- FY17 - Post-conflict reconstruction34%
FY17 - Social Inclusion33%
- FY17 - Participation and Civic Engagement33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
FOREIGN SOURCES (UNIDENTIFIED)	0.10
Borrower/Recipient	0.30
IDA Credit	5.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	5.00
IBRD + IDA Commitment	5.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	5.40

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

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 6, 2001	IDA-35470	Loan Commitment	5,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Satisfactory	2007-06-27
Procurement	Moderately Unsatisfactory	2007-06-27
Counterpart Funding	Satisfactory	2007-06-27
Progress towards achievement of PDO	Moderately Unsatisfactory	2007-06-27
Project Management	Satisfactory	2007-06-27
Monitoring and Evaluation	Moderately Unsatisfactory	2007-06-27
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2007-06-27
Financial Management	Satisfactory	2007-06-27

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 01-31-2008
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Unsatisfactory
Government Performance	Moderately Unsatisfactory
Implementing Agency	Moderately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 04-30-2008	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Significant	N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework