Emergency Macroeconomic and Fiscal Support Grant

closed

Closed

This program document seeks the approval of the Executive Directors for a $10 million grant from the Crisis Response Window (CRW)1 and $40 million IDA credit as a stand-alone emergency operation designed to help the Government of Guinea address the economic impact of the Ebola epidemic. In 2014, the Ebola epidemic which has struck the three fragile economies of Guinea, Sierra Leone and Liberia, with a horrible human toll, also represents an existential threat to their economies and their futures and a ripple effect on the world as the deadly contagion continues to spread. The operation has been prepared in line with good-practice principles for emergency budget support operations and the actions supported under each of its two strategic pillars are designed to advance the objectives of Guinea’s Poverty Reduction Strategy Paper (PRSP). Actions supported under pillar one will build economic and social resilience and reduce vulnerability to shock through: (i) strengthening the government’s capacity to continue to manage and monitor the Ebola crisis and; (ii) improving the monitoring and communication functions of the administration in containing the crisis. Pillar two will help strengthen budget transparency and reform public financial management by: (i) increasing transparency and effectiveness of budget processes, and (ii) improving the overall performance of public finance systems.

FY17 - Health,FY17 - Public Administration

World Bank Group

Project

Forest Products and Packaging, Government