Emergency Social Protection Enhancement and COVID-19 Response Project - Third Additional Financing

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The US$600 million project is designed to support activities that Yemen will need to address the ongoing crisis, with a scope of support informed by both available and future financing over the immediate- and short term. The project has been designed and appraised for the full US$600 million under the framework approach, including results that correspond to this envelope. The design outlines project activities that will be implemented with an initial funding envelope of US$150 million which will be utilized out of Yemen’s Performance Based Allocation. This amount will be fully allocated to Component 1, which UNICEF implements in partnership with SFD. This “framework” approach provides improved clarity for the World Bank and its development partners involved in project implementation on the full extent of urgent needs in the sector while introducing a mechanism for longer-range planning. It also reflects the importance of acting with agility in this exceptional, prolonged conflict, by simplifying the process for moving from available financing (US$150 million) to the US$600 million financing target. With the project designed and appraised to accommodate the latter (US$600 million), incorporating funds beyond the currently available envelope (US$150 million) will not require changes to the design and thus may be processed more efficiently and expeditiously. The initial proposed allocation of US$150 million equivalent IDA Grant will be allocated to the project's Component 1 (UCT). The proposed AF3 would continue to be implemented by UNICEF in partnership with the Social Fund for Development.