| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 120.00 |
First Resilience and Green Development - DPL
Abstract*
The development objective of the First Resilience and Green Development : Development Policy Loan for Albania is to: (i) strengthen resilience of the government sector and households; (ii) strengthen the energy market framework and scale up renewable energy and energy efficiency; and (iii) protect the environment and reduce the country’s carbon footprint. The operation supports the national strategy for development and integration (NSDI) and economic... Show More
Development Objective
The program development objective is to: (i) strengthen resilience of the government sector and households; (ii) strengthen the energy market framework and scale up renewable energy and energy efficiency; and (iii) protect the environment and reduce the country's carbon footprint.
Key Details
Project Details
P178202
Closed
Hilda Shijaku , Christos Kostopoulos, Natasha Rovo
Republic of Albania
June 24, 2022
(as of board presentation)
March 16, 2023
December 18, 2023
US$ 0.00 million
Ministry of Finance
2023
US$ 120.00 million
N/A
May 30, 2024
December 31, 2024
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 120.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 120.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 15, 2024 | IBRD-94860 | Int Charges | 49,659.24 |
| Dec 27, 2023 | IBRD-94860 | Loan Disb | 122,227,384.00 |
| Dec 18, 2023 | IBRD-94860 | Loan Disb | 303,841.30 |
| Dec 18, 2023 | IBRD-94860 | Fee Charges | 303,841.30 |
| Jul 15, 2024 | IBRD-94860 | Int Charges | 2,847,864.50 |
| Mar 16, 2023 | IBRD-94860 | Loan Commitment | 120,000,000.00 |
| Jul 15, 2024 | IBRD-94860 | Int Charges | 293,824.12 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-06-12 |
| Monitoring and Evaluation | Satisfactory | 2024-06-12 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-06-12 |
| Program Management | Satisfactory | 2024-06-12 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
CIT and Property Tax revenues as percent of GDP Value 2.61 2.79 2.86 Date December 30, 2022 December 31, 2023 December 31, 2025 Comment Share of social assistance beneficiaries subject to earthquake insurance for whom funds have been allocated for earthquake insurance premiums in the 2026 Budget, including for women-headed households Value 0.00 0.00 100.00 Date December 30, 2022 December 29, 2023 December 31, 2025 Comment Share of climate informed new public investment (PI) included in the MTBP as a percentage of total PI submitted. Value 0.00 100.00 100.00 Date December 30, 2022 March 29, 2024 December 31, 2025 Comment Share of applicants for disability benefits assessed through the new system Value 47.00 90.00 92.00 Date December 30, 2022 December 29, 2023 December 29, 2023 Comment The installed capacity of energy produced by renewables excluding hydro (in MW) Value 20.00 160.00 200.00 Date December 30, 2022 December 29, 2023 December 31, 2025 Comment The volume traded through ALPEX as a share of total demand Value 0.00 10.50 20.00 Date December 30, 2022 December 29, 2023 December 31, 2025 Comment Producer responsibility organization(s), licensed and operational, represent at least 50 percent of packaging placed on the Albanian market Value No No Yes Date December 30, 2022 December 29, 2023 December 31, 2025 Comment Number of verified Annual MRV reports submitted by the Government Value 0.00 0.00 2.00 Date December 30, 2022 December 29, 2023 December 31, 2024 Comment