| Financier | Commitments |
|---|---|
| IDA Credit | 142.50 |
| Horn of Africa Initiative Umbrella Trust Fund | 5.00 |
| Disaster Risk Financing and Insurance | 28.00 |
| IDA Grant | 185.00 |
De-risking, inclusion and value enhancement of pastoral economies in the Horn of Africa
Abstract*
The project will support the climate adaptation of pastoralists. It will protect them against drought with enhanced access to financial services, strengthen their inclusion in the livestock value chain, and facilitate the regional livestock trade. Under Component 1, the uptake of savings and insurance products will help pastoralists sustain their core breeding stock during droughts, reduce income losses and overgrazing (as pastoralists receive insurance... Show More
Development Objective
The objectives of the project are to enhance pastoralists' access to financial services for drought risk mitigation, include them in the value chains, and facilitate the livestock trade in the Horn of Africa
Key Details
Project Details
P176517
Active
Isaku Endo , Sonia Plaza, James Sinah, Bisrat Mekonnen, Mohamed-Amin Ahmed
PTA Reinsurance Company (ZEP-RE),Ministry of Finance of Somalia,Republic of Djibouti,Republic of Kenya,Federal Democratic Republic of Ethiopia
Eastern and Southern Africa
June 30, 2021
(as of board presentation)
June 21, 2022
July 21, 2022
US$ 432.50 million
PTA Reinsurance Company (ZEP-RE),State Department of Livestock of Kenya,Ministry of Agriculture, Water, Fisheries, Livestock and Maritime Resources of Djibouti,Federal Republic of Somalia,Ministry of Agriculture of Ethiopia,Kenya Development Corporation,Ministry of Trade and Regional Integration of Ethiopia
2022
US$ 360.50 million
N/A
June 24, 2024
September 30, 2027
TBD
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 327.50 |
| IBRD + IDA Commitment | 327.50 |
| Lending Instrument | |
|---|---|
| Grant Amount | 33.00 |
| Total Project Cost** | 432.50 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 15, 2023 | IDA-71240 | Int Charges | 814.99 |
| May 15, 2023 | IDA-71240 | Int Charges | 814.99 |
| Mar 10, 2023 | IDA-71240 | Loan Disb | 600,000.00 |
| Nov 28, 2023 | IDA-71240 | Int Charges | 6.95 |
| Nov 28, 2023 | IDA-71240 | Int Charges | 6.95 |
| Nov 28, 2023 | IDA-71240 | Int Charges | 2,235.64 |
| Nov 28, 2023 | IDA-71240 | Int Charges | 2,235.64 |
| Jun 4, 2024 | IDA-71240 | Int Charges | 24.97 |
| Jun 4, 2024 | IDA-71240 | Int Charges | 24.97 |
| Jun 4, 2024 | IDA-71240 | Int Charges | 2,247.93 |
| Jun 4, 2024 | IDA-71240 | Int Charges | 2,247.93 |
| Aug 21, 2024 | IDA-E0420 | Loan Disb | 20,262.14 |
| Feb 13, 2024 | IDA-E0380 | Loan Disb | 86,088.00 |
| Jun 26, 2024 | IDA-E0380 | Loan Disb | 6,300,000.00 |
| Jul 18, 2024 | IDA-E0420 | Loan Disb | 4,885.50 |
| May 3, 2024 | IDA-E0380 | Loan Disb | 70,727.20 |
| Jun 17, 2024 | IDA-E0420 | Loan Disb | 647,559.56 |
| Jun 25, 2024 | IDA-E0420 | Loan Disb | 5,107,029.00 |
| May 17, 2024 | IDA-E0380 | Loan Disb | 3,642,264.00 |
| May 6, 2024 | IDA-E0380 | Loan Disb | 217,020.00 |
| Jun 21, 2022 | IDA-71240 | Loan Commitment | 2,500,000.00 |
| Jun 21, 2022 | IDA-71390 | Loan Commitment | 140,000,000.00 |
| Jun 21, 2022 | IDA-E0380 | Loan Commitment | 115,000,000.00 |
| Jun 21, 2022 | IDA-E0420 | Loan Commitment | 70,000,000.00 |
| Jan 5, 2023 | IDA-E0420 | Loan Disb | 4,746,000.00 |
| Nov 18, 2022 | IDA-E0420 | Loan Disb | 1,000,000.00 |
| May 16, 2023 | IDA-E0420 | Loan Disb | -130,407.70 |
| Sep 8, 2023 | IDA-E0420 | Loan Disb | 7,823,081.00 |
| Jul 12, 2023 | IDA-E0420 | Loan Disb | 5,877,891.00 |
| May 12, 2023 | IDA-E0420 | Loan Disb | 130,407.70 |
| Mar 24, 2023 | IDA-E0380 | Loan Disb | 8,292,000.00 |
| Mar 9, 2023 | IDA-E0380 | Loan Disb | 4,035,121.00 |
| Mar 7, 2023 | IDA-E0420 | Loan Disb | 10,000.00 |
| Jul 10, 2023 | IDA-E0420 | Loan Disb | 130,407.70 |
| Jul 7, 2023 | IDA-E0380 | Loan Disb | 8,222,738.00 |
| Jul 18, 2023 | IDA-E0420 | Loan Disb | 10,745.00 |
| Dec 22, 2023 | IDA-E0380 | Loan Disb | 60,336.00 |
| Aug 20, 2024 | IDA-E0380 | Loan Disb | 172,154.90 |
| Jul 25, 2024 | IDA-E0380 | Loan Disb | 1,854,017.60 |
| Jun 10, 2024 | IDA-E0420 | Loan Disb | 11,668.01 |
| Nov 6, 2023 | IDA-E0380 | Loan Disb | 8,935,212.00 |
| Nov 7, 2023 | IDA-E0380 | Loan Disb | 867,468.00 |
| Aug 21, 2024 | IDA-E0380 | Loan Disb | 99,730.00 |
| May 31, 2024 | IDA-E0420 | Loan Disb | 10,000.01 |
| Dec 1, 2023 | IDA-71390 | Int Charges | 58,626.86 |
| Dec 29, 2023 | IDA-71390 | Loan Disb | 14,794,430.00 |
| Jun 7, 2023 | IDA-71390 | Loan Disb | 3,247,407.50 |
| May 19, 2023 | IDA-71390 | Loan Disb | 7,466,797.50 |
| May 23, 2023 | IDA-71390 | Loan Disb | 1,616,700.00 |
| May 23, 2023 | IDA-71390 | Loan Disb | 3,233,400.00 |
| Jun 14, 2024 | IDA-71390 | Loan Disb | 1,181,592.90 |
| Jun 14, 2024 | IDA-71390 | Loan Disb | 514,042.06 |
| Jan 9, 2024 | IDA-71390 | Loan Disb | 199,704.69 |
| Dec 1, 2023 | IDA-71390 | Int Charges | 58,626.86 |
| Dec 1, 2023 | IDA-71390 | Int Charges | 38,302.87 |
| Dec 1, 2023 | IDA-71390 | Int Charges | 2,701.70 |
| Dec 1, 2023 | IDA-71390 | Int Charges | 2,701.70 |
| Dec 1, 2023 | IDA-71390 | Int Charges | 1,765.11 |
| Mar 7, 2024 | IDA-71390 | Loan Disb | 157,077.69 |
| Aug 16, 2024 | IDA-71390 | Loan Disb | 302,005.16 |
| Jun 1, 2024 | IDA-71390 | Int Charges | 105,565.02 |
| Jun 1, 2024 | IDA-71390 | Int Charges | 105,565.02 |
| Jun 1, 2024 | IDA-71390 | Int Charges | 68,918.26 |
| May 28, 2024 | IDA-71390 | Loan Disb | 493,661.60 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-03-30 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-03-30 |
| Progress towards achievement of PDO | Satisfactory | 2024-03-30 |
| Financial Management | Satisfactory | 2024-03-30 |
| Monitoring and Evaluation | Satisfactory | 2024-03-30 |
| Project Management | Satisfactory | 2024-03-30 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of pastoralists and their dependents covered by financial services and capacity building under the project Value 0.00 1091251.00 1600000.00 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment Number of pastoralist groups supported by the project and connected to markets Value 0.00 12820.00 2500.00 Date January 31, 2022 February 28, 2023 September 30, 2027 Comment Ethiopia - Number of live animals exported through Ethiopia Quarantine Centers Value 7621.00 16531.00 12274.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Kenya - Value of Livestock and Livestock products traded by pastoralists as a result of the project Value 0.00 0.00 115000000.00 Date January 31, 2022 September 19, 2022 September 30, 2027 Comment Number of pastoralists and their dependents covered by financial services and capacity building in Ethiopia Value 0.00 0.00 0.00 Date Comment Number of Village Savings and Lending Associations supported by the project and connected to markets Value 0.00 0.00 0.00 Date Comment Somalia - Value of livestock and livestock product trade Value 398000000.00 398000000.00 473000000.00 Date January 31, 2022 September 19, 2022 September 30, 2027 Comment Number of pastoralists and their dependents covered by financial services and capacity building in Kenya Value 0.00 0.00 0.00 Date Comment Number of pastoralists groups supported in Ethiopia Value 0.00 4910.00 900.00 Date December 31, 2021 October 24, 2023 June 24, 2026 Comment Djibouti - value of livestock and livestock product trade Value 21000000.00 21000000.00 25000000.00 Date December 30, 2021 September 19, 2022 September 30, 2027 Comment Number of pastoralists and their dependents covered by financial services and capacity building in Somalia Value 0.00 0.00 0.00 Date Comment Number of pastoralist groups supported in Kenya Value 0.00 6793.00 1200.00 Date December 31, 2021 February 28, 2023 June 24, 2026 Comment Percentage of pastoralists who received payouts within 30 days of official announcements of payout by calculation agent Value 0.00 0.00 80.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Number of pastoralist groups supported in Somalia Value 0.00 1117.00 400.00 Date December 31, 2021 February 28, 2023 September 30, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Percentage of pastoralists in target areas who received the information to understand the financial products Value 0.00 0.00 80.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of investments supported under component 2 that limit GHG emissions or support adaptation of pastoralists Value 0.00 0.00 72000000.00 Date January 31, 2022 September 19, 2022 September 30, 2027 Comment Female headed pastoralist households who received the information to understand the financial products Value 0.00 0.00 0.00 Date Comment No. of NQI professionals trained on quality infrastructure using cross-border collaboration (total) Value 0.00 0.00 700.00 Date January 31, 2022 September 19, 2022 September 30, 2027 Comment Number of formal financial sector companies providing services to pastoralists under the project Value 0.00 26.00 30.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment No. of NQI professionals trained on quality infrastructure using cross-border collaboration (in Djibouti) Value 0.00 0.00 50.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment No. of NQI professionals trained on quality infrastructure using cross-border collaboration (In Ethiopia) Value 0.00 0.00 400.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Number of digital accounts in use during and at the end of the project Value 0.00 163578.00 250000.00 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment No. of NQI professionals trained on quality infrastructure using cross-border collaboration (in Somalia) Value 0.00 15.00 250.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Percentage of women supported under the project who own a bank account in Kenya Value 33.00 56.00 37.00 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment Number of testing for livestock products conducted by Somalia in line with international practice Value 0.00 0.00 100.00 Date January 31, 2022 September 19, 2022 September 30, 2027 Comment Percentage of women supported under the project who own a bank account in Ethiopia Value 29.00 51.00 32.00 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment Number of trade facilitation measures supported by the project Value 0.00 4.00 20.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Percentage of women supported under the project who own a bank account in Somalia Value 25.00 64.00 27.50 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment Increase in the savings contributions of pastoralists supported by the project Value 0.00 9.00 50.00 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment Number of trade facilitation measures adopted in Ethiopia Value 0.00 1.00 10.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Percentage of pastoralists who report that financial services supported under the project have reduced livestock mortality and distressed sales. Value 0.00 0.00 80.00 Date January 31, 2022 August 31, 2023 September 30, 2027 Comment Number of Trade facilitation measures adopted in Somalia Value 0.00 2.00 6.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of Private Capital Enabled or Mobilized through the project Value 0.00 179374845.69 572000000.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Number of trade facilitation measures adopted in Djibouti Value 0.00 1.00 4.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of Private Capital Enabled from (re)/insurers through Component 1 Value 0.00 179374845.69 500000000.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of Private Capital Mobilized through the facility to de-risk private investment in Djibouti Value 0.00 0.00 2000000.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of Private Capital Mobilized through the facility to de-risk private investment in Ethiopia Value 0.00 0.00 20000000.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of Private Capital Mobilized through the facility to de-risk private investment in Kenya Value 0.00 0.00 40000000.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment Amount of Private Capital Mobilized through the facility to de-risk private investment in Somalia Value 0.00 0.00 10000000.00 Date January 31, 2022 October 24, 2023 September 30, 2027 Comment