| Financier | Commitments |
|---|---|
| IDA Grant | 40.00 |
Access to Finance to Import Strategic Commodities Project
Abstract*
This project aims to backstop the FX payment obligations of the main commercial banks in Burundi so that they facilitate the importation of critical commodities, particularly fertilizer and pharmaceuticals. Currently there is a severe shortage of Foreign Currency (FX) which prevents Burundi from importing essential goods for health and food security. Correspondent banks lack confidence to extend letter of credit (LC) lines to banks in Burundi due... Show More
Development Objective
The development objective is to increase access to trade finance to allow Burundi to import critical commodities.
Key Details
Project Details
P502492
Active
Anzhela Prygozhyna , Nadia Nintunze
Republic of Burundi
January 10, 2024
(as of board presentation)
January 10, 2024
N/A
US$ 0.00 million
Banque de la Republique du Burundi
2024
US$ 40.00 million
N/A
Moderate
January 31, 2026
TBD
BANK APPROVED
February 10, 2025
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 40.00 |
| IBRD + IDA Commitment | 40.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jan 10, 2024 | IDA-E2910 | Loan Commitment | 40,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Satisfactory | 2024-04-25 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-04-25 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-04-25 |
| Procurement | Satisfactory | 2024-04-25 |
| Project Management | Satisfactory | 2024-04-25 |
| Financial Management | Satisfactory | 2024-04-25 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.