| Financier | Commitments |
|---|---|
| IDA Grant | 420.00 |
Somalia Reengagement and Reform Development Policy Financing
Abstract*
This Program Document proposes a Reengagement and Reform Development Policy Financing (DPF) for the Federal Republic of Somalia in the amount of US dollar 420 million from International Development Association (IDA) grant resources. The objectives of the proposed DPF are to facilitate full normalization of relations with the World Bank Group (WBG) and support Somalia’s economic recovery through policy reforms that strengthen fiscal management and... Show More
Development Objective
Facilitate Somalia's full reengagement with the World Bank Group and support Somalia’s economic recovery through policy reforms that strengthen fiscal management and promote inclusive private sector-led growth.
Key Details
Project Details
P171570
Closed
Philip M. Schuler , Natasha Sharma
Federal Government of Somalia
November 8, 2019
(as of board presentation)
February 27, 2020
March 5, 2020
US$ 0.00 million
Ministry of Finance
2020
US$ 420.00 million
N/A
Not Applicable
July 15, 2021
BANK APPROVED
June 29, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 420.00 |
| IBRD + IDA Commitment | 420.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Feb 27, 2020 | IDA-D5610 | Loan Commitment | 45,000,000.00 |
| Feb 27, 2020 | IDA-D5600 | Loan Commitment | 375,000,000.00 |
| Jun 23, 2020 | IDA-D6820 | Loan Commitment | 55,000,000.00 |
| Mar 5, 2020 | IDA-D5610 | Loan Disb | 45,115,792.00 |
| Mar 5, 2020 | IDA-D5600 | Loan Cancel | 16,298,905.00 |
| Mar 5, 2020 | IDA-D5600 | Loan Disb | 365,873,984.00 |
| Jun 26, 2020 | IDA-D6820 | Loan Disb | 55,271,432.00 |
| Mar 5, 2020 | IDA-D5600 | Loan Disb | -6,853,800.50 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2023 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 01-29-2024 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
No data available.