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Comoros Financial Inclusion Project

Abstract*

This project is designed to support financial sector development that is consistent with inclusive growth. The project aims “To increase access to and usage of financial services for adults” through investments and support to improve payment systems, access to financial services, and institutional capacity of the supervisor to promote financial sector stability and integrity. Component 1 supports Increasing Access to and Usage of Financial Services...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To increase access to and usage of financial services for adults.

Key Details

Project Details

  • P166193

  • Active

  • Noro Andriamihaja , Brinda Dabysing

  • The Union of Comoros

  • Comoros

  • February 5, 2019

  • (as of board presentation)

    July 9, 2020

  • February 2, 2021

  • US$ 20.00 million

  • N/A

  • Low

  • June 30, 2025

  • No

  • BANK APPROVED

  • May 29, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 10.00
IDA Grant 10.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 20.00
IBRD + IDA Commitment 20.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 20.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2021 IDA-67070 Int Charges 15.28
Dec 21, 2022 IDA-67070 Int Charges 1,201.68
Dec 21, 2022 IDA-67070 Int Charges 1,201.68
Mar 12, 2024 IDA-D6760 Loan Disb 266,280.00
Jul 9, 2020 IDA-67070 Loan Commitment 10,000,000.00
Jul 9, 2020 IDA-D6760 Loan Commitment 10,000,000.00
Jun 22, 2022 IDA-D6760 Loan Disb 41,347.68
Aug 19, 2022 IDA-D6760 Loan Disb 83,929.40
Jan 25, 2022 IDA-D6760 Loan Disb 36,843.80
Dec 15, 2021 IDA-D6760 Loan Disb 56,604.50
Sep 22, 2023 IDA-D6760 Loan Disb 119,338.28
Jun 28, 2023 IDA-D6760 Loan Disb 17,495.06
Aug 15, 2023 IDA-D6760 Loan Disb 99,090.63
Jul 18, 2023 IDA-D6760 Loan Disb 26,193.02
Feb 24, 2023 IDA-D6760 Loan Disb 193,093.90
Mar 27, 2023 IDA-D6760 Loan Disb 224,399.84
Apr 12, 2023 IDA-D6760 Loan Disb 544,263.70
Mar 14, 2024 IDA-D6760 Loan Disb 246,017.69
Jan 12, 2024 IDA-D6760 Loan Disb 274,515.40
Oct 6, 2023 IDA-D6760 Loan Disb 305,911.30
Apr 9, 2024 IDA-D6760 Loan Cancel 2,001,674.00
Dec 11, 2023 IDA-D6760 Loan Disb 370,616.25
Nov 28, 2023 IDA-D6760 Loan Disb 130,343.61
Oct 17, 2023 IDA-D6760 Loan Disb 219,014.98
Jun 13, 2023 IDA-D6760 Loan Disb 139,491.52
Jun 12, 2023 IDA-D6760 Loan Disb 399,568.53
Jun 26, 2023 IDA-D6760 Loan Disb 168,512.70
May 22, 2023 IDA-D6760 Loan Disb 47,515.02
Mar 6, 2024 IDA-D6760 Loan Disb 199,784.27
Mar 6, 2024 IDA-D6760 Loan Disb 199,784.27
Feb 13, 2024 IDA-D6760 Loan Disb 377,792.30
Mar 11, 2021 IDA-D6760 Loan Disb 972,748.00
Jun 27, 2022 IDA-D6760 Loan Disb 85,802.67
Apr 21, 2022 IDA-D6760 Loan Disb 52,336.05
Feb 18, 2022 IDA-D6760 Loan Disb 107,283.18
Dec 8, 2021 IDA-D6760 Loan Disb 164,889.77
Jul 22, 2022 IDA-D6760 Loan Disb 27,707.35
Mar 16, 2022 IDA-D6760 Loan Disb 24,638.25
Nov 2, 2021 IDA-D6760 Loan Disb 36,572.42
Sep 3, 2021 IDA-D6760 Loan Disb 137,482.62
Feb 16, 2023 IDA-D6760 Loan Disb 340,000.00
Jan 20, 2023 IDA-D6760 Loan Disb 105,895.67
Dec 8, 2022 IDA-D6760 Loan Disb 101,279.10
Sep 20, 2022 IDA-D6760 Loan Disb 27,012.34
Oct 14, 2022 IDA-D6760 Loan Disb 67,731.20
Dec 23, 2021 IDA-D6760 Loan Disb 268,432.30
Dec 23, 2022 IDA-D6760 Loan Disb 141,549.38
Dec 24, 2021 IDA-67070 Int Charges 1,268.07
Dec 24, 2021 IDA-67070 Int Charges 1,268.07
Jun 15, 2023 IDA-67070 Int Charges 1,228.42
Jun 15, 2023 IDA-67070 Int Charges 1,228.42
Dec 15, 2023 IDA-67070 Int Charges 1,242.81
Apr 9, 2024 IDA-67070 Loan Cancel 3,000,000.50
Dec 15, 2023 IDA-67070 Int Charges 1,242.81
Jul 9, 2024 IDA-67070 Loan Disb 236,291.84
Jun 15, 2024 IDA-67070 Int Charges 1,212.10
Jun 15, 2024 IDA-67070 Int Charges 1,212.10
Jul 8, 2024 IDA-67070 Loan Disb 417,436.72
Feb 2, 2021 IDA-67070 Loan Disb 434,572.88
Jun 15, 2021 IDA-67070 Int Charges 1,196.80
Jun 15, 2021 IDA-67070 Int Charges 1,196.80
Jun 4, 2021 IDA-67070 Loan Disb -71,683.12
Jun 15, 2022 IDA-67070 Int Charges 669.12
Jun 15, 2022 IDA-67070 Int Charges 669.12
Jun 16, 2022 IDA-67070 Int Charges 514.78
Jun 16, 2022 IDA-67070 Int Charges 514.78
Dec 15, 2021 IDA-67070 Int Charges 15.28

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Satisfactory 2025-03-31
Overall Implementation Progress (IP) Satisfactory 2025-03-31
Progress towards achievement of PDO Satisfactory 2025-03-31
Procurement Satisfactory 2025-03-31
Project Management Satisfactory 2025-03-31
Financial Management Satisfactory 2025-03-31

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of transaction accounts per 1,000 adultsValue361.14905.00450.00
    DateJuly 1, 2020January 31, 2024June 30, 2025
    Comment
  • Number of digital retail transactions per 1,000 adultsValue0.000.001500.00
    DateJuly 1, 2020January 31, 2024June 30, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of financial institutions connected to the ATS+Value0.000.006.00
    DateJuly 1, 2020February 29, 2024June 30, 2025
    Comment
  • Percentage of complaints received through the grievance redress mechanism, which are addressedValue0.000.00100.00
    DateJuly 1, 2020October 5, 2020June 30, 2025
    Comment
  • Number of transaction accounts per 1,000 adult womenValue163.00163.00200.00
    DateJuly 1, 2020February 29, 2024June 30, 2025
    Comment
  • Number of risk-based supervision manuals, processes, and tools adoptedValue0.000.007.00
    DateJuly 1, 2020February 28, 2029June 30, 2025
    Comment