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Regional Infrastructure Finance Facility (RIFF) Project

Abstract*

The objective of the Eastern and Southern African Trade and Development Bank, and Common Market - Regional Infrastructure Finance Facility Project for Eastern and Southern Africa is to expand long-term finance to private firms in selected infrastructure sectors in Eastern and Southern Africa. The Project has three components. 1. Project and Infrastructure Finance Facility component will provide long-term finance to project finance and infrastructure...

* 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

The Project Development Objective is to expand long-term finance to private firms in selected infrastructure sectors in Eastern and Southern Africa

Key Details

Project Details

  • P171967

  • Active

  • Marlon Rawlins , Ahmed Rostom, Patrick Balla

  • Common Market for Eastern and Southern Africa (COMESA),Eastern and Southern African Trade and Development Bank (TDB)

  • Eastern and Southern Africa

  • December 8, 2019

  • (as of board presentation)

    June 30, 2020

  • October 5, 2020

  • US$ 425.00 million

  • Common Market for Eastern and Southern Africa (COMESA) Secretariat,Eastern and Southern African Trade and Development Bank (TDB),Trade and Development Fund

  • Eastern and Southern Africa

  • 2020

  • US$ 425.00 million

  • N/A

  • April 2, 2024

  • September 26, 2026

  • No

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 415.00
IDA Grant 10.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 425.00
IBRD + IDA Commitment 425.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 425.00

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

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

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jan 15, 2022 IDA-67120 Int Charges 156,768.00
Apr 6, 2023 IDA-67120 Loan Disb 50,000,000.00
Jan 15, 2023 IDA-67120 Int Charges 471,897.00
Jan 15, 2023 IDA-67120 Int Charges 536,930.40
Jul 15, 2023 IDA-67120 Int Charges 429,956.40
Jul 15, 2023 IDA-67120 Int Charges 1,652,525.10
Jul 15, 2021 IDA-67120 Int Charges 482,804.94
Jul 15, 2021 IDA-67120 Int Charges 60,684.00
Mar 29, 2021 IDA-67120 Loan Disb 15,560,000.00
Nov 24, 2020 IDA-67120 Fee Charges 1,000,000.00
Jan 15, 2021 IDA-67120 Int Charges 284,257.80
Jun 22, 2021 IDA-67120 Loan Disb 10,000,000.00
Jun 30, 2020 IDA-67110 Loan Commitment 15,000,000.00
Jun 30, 2020 IDA-67120 Loan Commitment 400,000,000.00
Jun 30, 2020 IDA-D6780 Loan Commitment 10,000,000.00
Feb 12, 2021 IDA-D6780 Loan Disb 635,490.00
Jul 15, 2021 IDA-67110 Int Charges 1,362.95
Jul 15, 2021 IDA-67110 Int Charges 10,666.50
Jul 15, 2021 IDA-67110 Int Charges 10,666.50
Jul 15, 2021 IDA-67110 Int Charges 1,362.95
Dec 22, 2020 IDA-67110 Loan Disb 1,641,000.00
Jul 20, 2022 IDA-67110 Int Charges 10,666.50
Jul 20, 2022 IDA-67110 Int Charges 10,666.50
Jan 15, 2022 IDA-67110 Int Charges 10,666.50
Jan 15, 2022 IDA-67110 Int Charges 10,666.50
Jan 15, 2023 IDA-67110 Int Charges 10,665.50
Jan 15, 2023 IDA-67110 Int Charges 10,665.50
Jun 20, 2023 IDA-67110 Loan Disb 3,624,846.00
Jul 15, 2023 IDA-67110 Int Charges 1.00
Jul 15, 2023 IDA-67110 Int Charges 1.00
Jul 15, 2023 IDA-67110 Int Charges 10,666.50
Jul 15, 2023 IDA-67110 Int Charges 10,666.50
Jan 15, 2024 IDA-67110 Int Charges 3,272.43
Jan 15, 2024 IDA-67110 Int Charges 3,272.43
Jan 15, 2024 IDA-67110 Int Charges 34,228.02
Jan 15, 2024 IDA-67110 Int Charges 34,228.02
Jul 15, 2024 IDA-67110 Int Charges 34,228.02
Jul 15, 2024 IDA-67110 Int Charges 34,228.02
Mar 1, 2022 IDA-D6780 Loan Disb 919,681.10
Oct 13, 2022 IDA-D6780 Loan Disb 1,506,765.90
Sep 28, 2023 IDA-D6780 Loan Disb 643,790.00
Mar 7, 2024 IDA-D6780 Loan Disb 1,891,120.40
Jul 15, 2024 IDA-67120 Int Charges 403,333.88
Jul 15, 2024 IDA-67120 Int Charges 2,607,597.80
Jan 15, 2024 IDA-67120 Int Charges 408,798.28
Jan 15, 2024 IDA-67120 Int Charges 2,628,661.50
Jul 15, 2024 IDA-67120 Int Charges 16,173.66
Jul 20, 2022 IDA-67120 Int Charges 464,203.03
Jul 20, 2022 IDA-67120 Int Charges 186,339.50
Jan 15, 2022 IDA-67120 Int Charges 1,575.34
Jan 15, 2022 IDA-67120 Int Charges 6,730.22
Jan 15, 2022 IDA-67120 Int Charges 471,897.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Moderately Satisfactory 2024-02-07
Progress towards achievement of PDO Moderately Satisfactory 2024-02-07
Project Management Satisfactory 2024-02-07
Financial Management Satisfactory 2024-02-07
Monitoring and Evaluation Satisfactory 2024-02-07
Overall Implementation Progress (IP) Moderately Satisfactory 2024-02-07

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Private finance mobilizedValue0.00178734007.00975000000.00
    DateJanuary 17, 2020September 29, 2023September 30, 2025
    Comment
  • Number of private firms financed across Eastern and Southern AfricaValue0.004.0030.00
    DateJanuary 17, 2020November 30, 2023September 30, 2025
    Comment
  • SMEs across Eastern and Southern Africa countriesValue0.004.0020.00
    DateJanuary 17, 2020November 30, 2023September 30, 2025
    Comment
  • Average maturity of TDB's Project and Infrastructure Finance PortfolioValue7.008.0011.00
    DateJanuary 17, 2020May 31, 2023September 30, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Jobs created and preservedValue0.005921.0020000.00
    DateJanuary 17, 2020November 30, 2023September 30, 2025
    Comment
  • Number of staff trained in COMESA Secretariat, member countries and market participants on off-grid, PPP and E&SValue0.00280.00500.00
    DateJanuary 17, 2020November 30, 2023September 30, 2025
    Comment
  • Generation capacity of energy constructed or rehabilitatedValue0.000.00200.00
    DateJanuary 17, 2020November 30, 2023September 30, 2025
    Comment
  • Number of COMESA policies and guidelines including guidance on the off-grid energy sectorValue0.002.005.00
    DateApril 21, 2020November 30, 2023September 30, 2025
    Comment
  • People provided with new or improved electricity serviceValue0.00593207.001500000.00
    DateMarch 26, 2020November 30, 2023June 26, 2025
    Comment
  • Citizens reached through the consumer education and citizen engagement program satisfied with the programValue0.000.0075.00
    DateApril 15, 2021November 30, 2023September 30, 2025
    Comment
  • of which womenValue0.00296603.00750000.00
    DateApril 21, 2020November 30, 2023June 26, 2025
    Comment
  • Number of banks providing local currency facilities to support capital investments in RIFF sub-projectsValue0.008.005.00
    DateMarch 20, 2020November 30, 2023September 30, 2025
    Comment
  • Common duties and tariffs for off-grid solar products in placeValueNoNoYes
    DateApril 21, 2020November 30, 2023September 30, 2025
    Comment
  • Households provided with access to electricity through off-grid energy solutionsValue0.00118582.00375000.00
    DateApril 21, 2020November 30, 2023June 26, 2025
    Comment
  • Regional Quality Assurance Standards for off-grid energy productsValue0.000.005.00
    DateApril 30, 2020November 30, 2023September 25, 2025
    Comment
  • of which female-headedValue0.000.0075000.00
    DateApril 21, 2020November 30, 2023June 26, 2025
    Comment
  • Commercial financial institutions engaged in financing of off-grid energy companiesValue0.0010.0010.00
    DateApril 21, 2020November 30, 2023September 30, 2025
    Comment