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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...

* 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 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

  • Albania

  • June 24, 2022

  • (as of board presentation)

    March 16, 2023

  • December 18, 2023

  • US$ 0.00 million

  • Ministry of Finance

  • Europe and Central Asia

  • 2023

  • US$ 120.00 million

  • N/A

  • May 30, 2024

  • December 31, 2024

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 120.00

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

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

Detailed Financial Activity as of February 28, 2025

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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

Footnotes

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

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • CIT and Property Tax revenues as percent of GDPValue2.612.792.86
    DateDecember 30, 2022December 31, 2023December 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 householdsValue0.000.00100.00
    DateDecember 30, 2022December 29, 2023December 31, 2025
    Comment
  • Share of climate informed new public investment (PI) included in the MTBP as a percentage of total PI submitted.Value0.00100.00100.00
    DateDecember 30, 2022March 29, 2024December 31, 2025
    Comment
  • Share of applicants for disability benefits assessed through the new systemValue47.0090.0092.00
    DateDecember 30, 2022December 29, 2023December 29, 2023
    Comment
  • The installed capacity of energy produced by renewables excluding hydro (in MW)Value20.00160.00200.00
    DateDecember 30, 2022December 29, 2023December 31, 2025
    Comment
  • The volume traded through ALPEX as a share of total demandValue0.0010.5020.00
    DateDecember 30, 2022December 29, 2023December 31, 2025
    Comment
  • Producer responsibility organization(s), licensed and operational, represent at least 50 percent of packaging placed on the Albanian marketValueNoNoYes
    DateDecember 30, 2022December 29, 2023December 31, 2025
    Comment
  • Number of verified Annual MRV reports submitted by the GovernmentValue0.000.002.00
    DateDecember 30, 2022December 29, 2023December 31, 2024
    Comment