• Reference: P-Z1-K00-041
• Approval date: 08/08/2011
• Start date: 11/12/2012
• Appraisal Date: 08/08/2011
• Status: OngoingOnGo
• Implementing Agency: AFRICAN DEVELOPMENT BANK
• Location: MULTINATIONAL (AFRICA)

The Bank Group’s environmental policy requires that all of its operations be carried out in an environmentally and socially sound and responsible manner. To this end, all Bank financed programs and projects must comply with its environmental and social policies and guidelines. This is also applicable to Financial Intermediary (FI) and Micro Finance Institution (MFI) loans, for which specific guidelines have been developed for both the public (Environmental and Social Assessment Procedures 2001 - “ ESAP 2001 ”) and private (Environmental Review Procedures for Private Sector Operations 2000 - “ ERPPSO 2000 ”) FI and MFI loans.

However, the Bank’s Private Sector and Micro-Finance Department (OPSM) has realised through various assessments and supervisions that most African banks have inadequate internal capacity and resources to effectively manage environmental and social issues and risks arising in the related sub-projects financed under these loans. As a result most banks are often deficient in implementing environmental and social guidelines based on international best practices specified in their Environmental and Social Management Systems (ESMS).

Objectives

In order to assist the African financial sector to better manage environmental and social risks, the Bank Group’s Private Sector Ope rations (OPSM) proposes to engage the services of a specialized consultant to carry out a rolling regional Training and Consultancy Program on “Environmental and Social Management in African Financial Institutions (FI’s) and Micro-Finance Institutions (MFI’s).”

The assignment will be carried out through the following components: • Component 1: Review the Bank’s E<(><)>S Assessment Guidelines for FI/MFIs; • Component 2: Training of Bank staff; • Component 3: Regional training workshop for FI/MFIs; • Component 4: Individual consulting of selected FI/MFIs/PEFs; • Component 5: Coordination of DFIs initiatives targeting FI/MFIs in Africa; • Component 6: Documentation of results, lessons learnt.

The main objective of the project will be to assist the African Financial Sector (FI/MFI) to better manage E<(><)>S risks.

In order to assist the African financial sector to better manage environmental and social risks, the Bank Group’s Private Sector Ope rations (OPSM) proposes to engage the services of a specialized consultant to carry out a rolling regional Training and Consultancy Program on “Environmental and Social Management in African Financial Institutions (FI’s) and Micro-Finance Institutions (MFI’s).”

KINANE Lawakilea Modeste - ONEC3

Finance source	Amount
FAPA	UAC 458,321
Delta	UAC 2
Total	UAC 458,323