Africa Group I Constituency Newsletter A newsletter from the Office of the Executive Director

4th Quarter Edition | March 2018

Table of Contents Foreword from the Executive Director

Foreword from the Executive (b) Regional Program—US$7.0 billion Director...... 1 (c) Crisis Response Window—US$3.0 billion (d) Non-concessional Scale-Up Facility— Feature Story: Unlocking the Potential US$6.2 billion of Micro-, Small-, and Medium-Scale Enterprises for Economic Transformation (e) IFC/MIGA Private Sector Window in Sub-Saharan Africa...... 2 US$2.5 billion

Highlights of the 2017 Annual Meetings IDA 18 will enable countries in our President Paul Kagame Visits Constituency to implement the ambitious the World Bank Group...... 4 Andrew N. Bvumbe, Executive Director development agenda under the 2015 Sus- IDA Forum (IDA Day)...... 5 tainable Development Goals during this The year 2017, was an exciting year, which IDA cycle ending June 2020. Scaling Solar Initiative...... 6 saw the attainment of several milestones Also during 2017, your Constituency The 2017 African Caucus by your Constituency Office and the World Office successfully convened statutory Con- Meeting...... 7 Bank Group (WBG). The mainstay was the stituency Meetings for Governors on the Highlights of the Executive Director’s completion of the historic 18th replenish- sidelines of both the Spring and Annual Missions to the Constituency ment of IDA in December 2016 and the Meetings of the WBG and International Republic of Burundi...... 8 inaugural implementation of the historic Monetary Fund (IMF). For the first time in IDA18 financing and policy package on the history of your Constituency Meetings Republic of the Sudan...... 10 July 1, 2017. The IDA 18 replenishment is we introduced presentations on topical Republic to Zimbabwe...... 11 the largest replenishment in IDA’s 56-year issues affecting our Constituency. history and heralds a significant change in The presentations included IDA 18 Staffing News...... 12 its policy and financing framework. Policy Package by the Vice President for Snapshot of Approved Projects...... 13 This package presents huge opportu- Development Finance, Mr. Axel van Trot- nities for development financing in the senburg, and Scaling Solar Initiative by AFG1 Constituency List Sub-Saharan Africa Region. Your Constitu- the IFC Director for Eastern and Southern of Constituency Governors ency Office, through the Constituency’s Africa Hub, Mr. Cheikh O. Seydi. Similarly, and Alternate Governors...... 15 IDA Borrowers’ Representatives, namely, your Constituency Office, in its capacity as Dr. Denny Kalyalya, Governor, Central Bank African Caucus Secretariat, successfully of Zambia and Mr. Charles Chuka, former organized the 2017 African Caucus Meeting Governor of the Reserve Bank of Malawi had held in Botswana in August 2017. The other participated and lobbied before and during African Caucus Meeting was held during the the IDA18 Replenishment Meeting held in Annual Meetings with the WBG President Indonesia in late December 2016, which and IMF Managing Director, Mr. Jim Y. Kim resulted in an unprecedented level of total and Madam Christine Largade, respectively, replenishment amounting to US$75 billion, where our Governors presented their Memo- compared to the US$52 billion in the IDA randum which focused on agriculture and 17 replenishment. IDA 18 resources include agribusiness as the key catalysts for economic the following key components: transformation and job creation in Africa. During the 4th quarter, as part of my pro- (a) Core IDA concessional resource— gram to consult the Constituency countries, US$52.3 billion I visited Burundi, Sudan, and Zimbabwe.

©2018PRS by News Africa Group & Views I Executive Director’s March 2018 Office, The World Bank Group

29805_Fourth Quarter Newsletter_New.indd 1 3/30/18 8:49 AM I am grateful for the warm hospitality and WBG remains focused on the delivery of in most low-income countries. MSMEs face the candid discussions I had with the Gov- its commitments on Illicit Financial Flows many challenges, not least the lack of access ernors during these visits. I intend to travel (IFF) and scaling up its engagement in to financial services—a factor more likely to on mission to the following countries: The lower-middle-income countries. constrain their growth. In country situations Gambia, Kenya, Liberia, Lesotho, Namibia, The year also looks promising for some where the employment rate is low, MSMEs Swaziland, Seychelles, Sierra Leone, Somalia of our countries with special needs, namely, have played a significant role by absorbing and South Sudan. Somalia, Sudan, and Zimbabwe. Activities excess labor supplies. World Bank financ- Looking forward to 2018, another exciting on Zimbabwe’s reengagement have picked ing and technical know-how have helped year beckons! The IDA18 implementation up following the peaceful change of gov- millions of MSMEs across the world to gain will continue in earnest. This period will ernment in mid-November 2017. Plans are access to financial services through a range also see the continuation of discussions under way for the country to clear its arrears, of instruments. This article, among other on the Shareholding Review and Capital setting the stage for reengagement thereafter. things, explores ways countries can benefit Adequacy of the International Bank for Prospects for reengagement have improved from these facilities. Reconstruction and Development (IBRD) for Sudan with the lifting of sanctions in the Finally, included in this edition is a and the International Finance Corporation last quarter of 2017, even though the U.S. recap of some of the events that took place (IFC). The Executive Boards of the IBRD has yet to clear the country from the list of during the recent Annual Meetings in Octo- and IFC are hopeful that the discussions will countries on the list as a state-sponsor of ber 2017. In addition to the presentation at be concluded in time for the 2018 Annual terrorism. Meanwhile, Somalia is moving the 15th Constituency Meeting on “Scaling Meetings in Bali, Indonesia, in October. forward with implementing the IMF Staff Solar Initiatives,” which can be a boon for Internally, my Office will continue to Monitored Program (SMP), which should our countries if effectively implemented, be guided by its 24-months work program, lead to an upper tranche SMP prior to full we report on the visit to the Office and the Agenda 24. We plan to vigorously pursue reengagement. The country is making tre- WBG during the Annual Meetings by the the renewable energy agenda and to exploit mendous progress with reforms, including President of the Republic of Rwanda, His the opportunities available for our countries building its institutions. We expect the three Excellency Paul Kagame. President Paul so that they can effectively deliver power countries to have roundtable meetings during Kagame spoke on “Maximizing Finance to every home at affordable tariffs. We will the Spring Meetings in April 2018, as part for Development” and participated at the also continue advocating greater support of their roadmap to reengagement. “Human Capital Summit.” Rwanda has for Domestic Revenue Mobilization (DRM), As a feature story to this Newsletter, this made considerable progress on these two particularly considering the rising levels 4th Edition focuses on the Micro-, Small-, areas and the President shared some of of external debt in some of our Constitu- and Medium-Scale Enterprises (MSMEs), his country’s experiences which were well ency countries. We plan to ensure that the which are an important driver for job growth received by participants. ■

FEATURE STORY: Unlocking the Potential of Micro-, Small-, and Medium-Scale Enterprises for Economic Transformation in Sub-Saharan Africa

by Solome Lumala

Introduction employees.1 Across countries, the defini- among policy makers of the significant role Micro-, Small-, and Medium-Scale Enterprises tion of an MSME varies from an enterprise MSMEs play in creating jobs, supporting (MSMEs) are defined differently across that has less than 10 employees in Kenya, geographical and sectoral diversification, countries and institutions. The most widely for instance, to between 1–5 employees in enhancing competitiveness and productivity, used variables are the number of employees, Mozambique, and less than 9 employees and improving economic agility and resil- turnover, and asset value. Accordingly, in in New Zealand. ience. MSMEs have also been recognized a comprehensive enterprise survey under- Following the global financial crisis, there for their impact on other development goals taken by the World Bank and IFC in 2010, has been a growing level of appreciation including food security, provision of social MSMEs were broadly defined as follows: services, and innovation. Further, because micro enterprises: 1–9 employees; small: 1 Kushnir, K. et al, (2010) Micro, Small, and they satisfy consumer demand for goods Medium Enterprises around the World: How Many 10–49 employees; and medium: 50–249 Are There, and What Affects the Count? and services, and inputs for large firms,

Africa Group I Constituency, Newsletter 4th Quarter Edition 2 March 2018

29805_Fourth Quarter Newsletter_New.indd 2 3/30/18 8:49 AM MSMEs are important links in various value businesses in the MSME sector, and some Financing and Risk-Sharing: The WBG has chains. Their role, especially in the devel- estimates suggest that the formal financing an active lending portfolio of over US$3.2 bil- oping countries, makes their sustainable gap for MSMEs is over US$50 billion. lion to MSMEs. The Bank also provides development imperative. Typically, MSME owners and operators support for risk-sharing facilities, including This article discusses the status of MSMEs lack the requisite managerial expertise to partial credit guarantees, which help unlock in developing countries, with a focus on start and run businesses efficiently and the financial resources of banks and other Sub-Saharan Africa and the various chal- profitably. They lack skills such as planning, financial institutions. lenges they face. It will highlight attempts financial, and inventory management, and by the World Bank Group (WBG) to provide often cannot afford to hire professionals to Technical Assistance and Capacity Building: solutions to these challenges, and conclude carry out these activities. Consequently, The Bank also provides advisory service’s with some suggestions on how governments they are unable to develop long-term plans support, training, and other services to help could support sustainable MSME growth for strategic growth, sometimes leading to governments and regulators support MSMEs and development. failure and closure. The potential custom- finance, and to help financial institutions ers of MSMEs also tend to have a negative expand access to finance. The Bank has Status of MSMEs in Developing perception about the quality of services also developed guidance, principles, and Countries and products offered compared to those toolkits for governments, regulators, and The lack of a comprehensive database on of larger firms, which are relatively more the private sector. MSMEs in developing countries remains a well known. This negatively impacts their fundamental challenge for policy making ability to compete and build a client base. IFC assists MSMEs in developing coun- in this area. Often, data, when available, is Lengthy requirements for business tries to access financing by offering a wide not standardized across countries and time registration, for example, lead to more range of financial products and services, periods, while different institutions use vary- expenses for MSMEs, which is a drain on such as loans, equity, risk sharing, trade ing methodologies for data collection.2 In their meager resources. Enforcement of finance, and advisory services. In fiscal addition, many of the MSMEs are informal government regulations is also likely to year 2017, IFC provided US$3.2 billion in and therefore, not registered. According to lead to losses through penalties. Overall, long-term finance to its client financial a WBG estimate, there are close to 162 mil- MSMEs are less likely to be resilient and institutions for support to the MSMEs.3 At lion registered MSMEs in 155 economies, lack the ability to deal with uncertainty. the end of the fiscal year 2017, the long- employing over 500 million people. There is therefore a need for specific gov- term commitment portfolio to the MSMEs ernment support to nurture the MSMEs was US$12.0 billion, while active advisory The Challenges sector and motivate MSMEs to operate services were valued at US$225.5 million. Like larger firms, MSMEs face several chal- and boost their growth. Notably, the committed portfolio to SSA lenges, including the high cost of doing was US$1.6 billion, representing 13 percent business, lack of reliable and affordable World Bank Group Solutions of the total. energy sources, inefficient business regula- MSMEs have the potential to substantially tory framework, government bureaucracy, contribute to the achievement of the WBG’s Governments’ Response and lack of access to mechanization and twin goals to reduce extreme poverty in Overall, governments should improve the technology and finance to take advantage the world to less than 3 percent by 2030, business environment for MSMEs if they of new market opportunities. However, and to boost shared prosperity by fostering are to maximize their potential. A good given the size and methods of their opera- income growth of the bottom 40 percent of starting point is to come up with a national tions, these challenges impact the MSMEs the population globally. The WBG has used definition of MSMEs and improve data disproportionately. a wide range of instruments to help meet collection. This would ease the process The MSMEs form the bulk of institutions the challenge of MSME finance, namely: of formulating and implementing policies that are excluded from financial services that are specific for the MSME sector. It partly due to the nascent state of the finan- Data and Analysis: in partnership with would also contribute to the global efforts to cial sector, high financial illiteracy rates and other institutions, the WBG has conducted determine the credit gap, identify the other business informality, lack of collateral, and Enterprise Surveys in more than 155 coun- challenges that MSMEs face, and improve credit history. Indeed, the lack of access to tries, thus establishing the principal global the global database on MSMEs. financial services is considered the most source of data on enterprise performance An essential role of the government is to important hindrance to starting and growing and constraints. At the country level, the supervise and regulate the financial sector WBG supports efforts to assess policy and 2 Kushnir, K. (2006). MSME Country Indicators: regulatory barriers to MSME finance, and con- 3 Gonzales, E. (2014). MSME Country Indicators. Towards a better understanding of Micro, Small, and Towards a better understanding of Micro, Small, and Medium Enterprises, page 1. ducts surveys of financial service providers. Medium Enterprises.

Africa Group I Constituency, Newsletter 4th Quarter Edition 3 March 2018

29805_Fourth Quarter Newsletter_New.indd 3 3/30/18 8:49 AM by creating an effective and efficient regula- minimize adverse distortions to the financial Governments should incentivize the tory framework. A more diverse financial markets and fiscal positions. Every effort MSMEs to become formal and therefore, landscape which fosters competition and must be made to avoid replacing market improve their opportunities to access finance allows a variety of financial institutions failure with public failure. and markets. In this regard, governments to operate would support MSMEs access Policy makers can take market-oriented should encourage links between MSMEs to financial services and products. This actions to benefit MSMEs, including: (i) and larger firms to integrate them into would be enhanced by a broader regulatory fostering the availability of credit informa- value chains. environment, particularly, tax administra- tion and supporting information sharing tion and governance. Governments should between parties, including lenders; (ii) Conclusion also be champions of financial literacy to passing laws that govern collateral and The significant role of MSMEs in economic improve financial management skills and collateral registries, insolvency regimes, growth cannot be overemphasized. Research financial inclusion of MSMEs. factoring, and leasing, and licensing and indicates that they create nine out of ten new Direct government intervention in the registration of MSMEs; and (iii) creating an jobs worldwide, making them an integral financial markets could be a useful tool enabling environment for fostering innova- part of the efforts to create jobs, in the order to support MSMEs. Common examples tion especially of fintech firms. of nearly 3.3 million required every month are state-owned bank lending to MSMEs, Governments should take advantage of in emerging markets by 2030. Besides, their directed credit, and credit guarantees. In the increased use of technology in financial operations contribute to the development of the latter, governments might guarantee a services provision by ensuring that ICT domestic and global value chains, economic portfolio of loans or individual loans. Related services are affordable. They can foster diversification, innovation, and provision of to this, governments might encourage such innovative initiatives to support technological goods and services. Their potential, however, financial institutions by legislating lower progress and knowledge exchange. In this will only be realized if the public and private capital requirements, for example. How- regard, the regulatory framework should sector partner to improve the investment ever, in designing these direct intervention align with the prudential regulations for climate and regulatory framework which strategies, deliberate effort must be made to the financial sector. nurtures their growth. ■

Highlights of the 2017 Annual Meetings

President Paul Kagame Visits the genocide in 1994. He highlighted that nations capable of growing their economies the World Bank Group soon after this unfortunate blot in its his- and thus reduce poverty in line with the by Kuena Diaho tory, the country had deliberately decided WBG twin goals. The President of the Republic of Rwanda, His to invest in human capacity development. On Maximizing Finance for Development, Excellency, President Paul Kagame, visited He reported that in education, for instance, President Kagame informed the audience the World Bank Group (WBG) Headquarters the country had around 2,000 university about the distinct roles played by Rwanda during the occasion of the 2017 Annual graduates in the pre-genocide period, but and development partners in crafting road- Meetings of the IMF/WBG. He participated currently the annual graduation rate had maps which had led to formidable collabora- as a keynote speaker at the Human Capital risen to 90,000. tion, attracting investment, and maximizing Development Summit and as a panelist in H.E. President Kagame further informed growth. He credited Rwanda’s development the discussion on Maximizing Finance for the audience that investment had also been success to global investors who were aggres- Development (MFD). directed to the health sector to reduce the sive in their demands to see a pipeline of At both sessions, President Kagame gave maternal and child mortality rates and the global and risk sharing opportunities. They an impressive account of how his country improvement of the quality of health deliv- adamantly sought for critical partnerships had been able to effectively and efficiently ery in general. Results now indicate health with structured allocation of capital. Rwanda direct its resources to achieve its strategic coverage of 90 percent of the country, and a owed its success to this remarkable cou- development goals. Under his leadership, the reduction of mortality rates by 80 percent. pling of the needs of society supported by Republic of Rwanda has transformed into a The focus on early childhood programs has responsible governance and investment. He nation that is progressing rapidly toward its also resulted in the reduction of stunting advised that governments should focus on ambitious vision for socioeconomic develop- rates among children under five years of age. strategies that attract investment and build ment, peace, and reconciliation. The Summit was opened by the WBG accountable institutions which would help President Kagame, speaking at the President, Jim Y. Kim, who emphasized the to achieve set development goals. He called Human Capital Development Summit, importance of countries investing in human for developing countries to create partner- recounted the progress made by Rwanda development. He reiterated his firm belief in ships between public and private sectors in rebuilding the nation since the end of reducing child stunting to produce healthy to drive economic development.

Africa Group I Constituency, Newsletter 4th Quarter Edition 4 March 2018

29805_Fourth Quarter Newsletter_New.indd 4 3/30/18 8:49 AM President Kim, speaking at the same countries which include development policy economy, and that investment in these sectors event, noted the great importance of ensur- loans. He further recognized that the use should be included in countries’ national ing that government and development part- of WBG instruments, such as guarantees, development plans. He expressed concern ners’ goals were aligned with the needs of political insurance at MIGA, mezzanine about the lag in infrastructure investment. communities. He urged countries to build instruments, equity, and other loans, had He bemoaned the fact that capital was not infrastructure and facilitate the attainment of resulted in the advancement of the private reaching the neediest client countries. The the appropriate levels of education required. sector in the developing countries. above notwithstanding, he affirmed the World The WBG President indicated that the President Kim also highlighted the need Bank and its development partners’ commit- World Bank had different tools available to to attract investment in sectors such as ment to deliver on the Addis Ababa, 2015 clients to help build on these aspirations, energy, technology, and education to cre- Financing for Development commitments highlighting among others, loans to client ate opportunities to compete in the digital in partnership with various governments.

Mr. Bvumbe welcomes President Kagame to the WBG. Mr. Bvumbe shows the President around the Office. ■

IDA Forum (IDA Day) The Africa Group 1 Constituency was Efforts are also under way to strengthen by Chola Milambo represented by its Borrowers’ Representa- the analytical framework in this area, includ- The World Bank Group (WBG) announced, tive, Dr. D. H. Kalyalya, Governor for the ing the introduction of Risk and Resilience on October 16, 2017, that implementation Bank of Zambia at this Forum. Assessments (RRA), that would inform all of the historic IDA18 financing and policy The WBG reported that out of the Systematic Country Diagnostics (SCD) and package, which took effect on July 1, 2017, total funding envelope of US$75.0 bil- Country Partnership Frameworks (CPFs). had commenced on a good note, with strong lion, a record high of US$4.7 billion had The WBG has commenced initial work on lending and an early and rapid buildup of the been committed in the first three months refugee support, with the first of three sets project pipeline in the 3-year funding cycle. of implementation, compared to US$1.7 of countries targeted to receive support This came to light at the IDA18 Forum that billion in the corresponding quarter of through the Refugee Sub-Window in 2018. was held in Washington DC on October 16, IDA17. Coupled with a strong buildup in This first round involves operations in nine 2017, at which IDA Deputies and Borrow- IDA’s project pipeline, these developments refugee-hosting IDA countries,4 including ers’ Representatives were updated on the reflect strong demand from IDA borrowing Uganda and Ethiopia from the Africa Group first quarter performance of the ambitious countries, especially for the development 1 Constituency. package. At this Forum, the following four of infrastructure in Sub-Saharan Africa. In Progress has also been made in roll- broad areas were discussed: response to the rise in financing for FCV ing out the IFC-MIGA PSW, with the final countries from US$7.2 billion to US$14.4 touches being made to the operational and (1) Fragility, Conflict and Violence (FCV); billion, the WBG had accelerated prepa- governance frameworks for its four facilities (2) the IFC-MIGA Private Sector Window rations for this scale-up, including the (the Risk Mitigation Facility, MIGA Guarantee (PSW); reallocation of budgetary resources toward Facility, Local Currency Facility, and the (3) IDA’s financing model; and FCV-related engagements and the realign- (4) prospective topics for the IDA18 Mid- ment of staff incentives for working in 4 Cameroon, Chad, Djibouti, Ethiopia, Niger, Pakistan, the Republic of Congo, Uganda, and the Term Review (MTR). very difficult environments. Democratic Republic of Congo.

Africa Group I Constituency, Newsletter 4th Quarter Edition 5 March 2018

29805_Fourth Quarter Newsletter_New.indd 5 3/30/18 8:49 AM Blended Finance Facility). To raise aware- IDA’s non-concessional window, the Scale on DRM. On the IDA Refugee Sub-Window, ness on these facilities, the WBG launched Up Facility (SUF). Borrower’s Representatives highlighted the a series of outreach events in West Africa, On support to Small States, participants difficulties of securing political will to use with more events planned for other regions. highlighted the need to increase the focus IDA credits to respond to externally induced In their response to this update, IDA on Small States, especially those that had crises. Instead, they called on Deputies to Deputies and Borrowers’ Representatives been affected by natural disasters. They also consider the use of grant terms. welcomed the progress that had been made highlighted the need to relook at the alloca- In concluding the discussions of the and encouraged the WBG to continue its tion formula for FCVs during the Mid-Term IDA Forum, the WBG pointed out that, outreach with various stakeholders. They Review (MTR) in November 2018, noting among other emerging topics, the IDA18 welcomed the strong operational perfor- that while the overall allocation to FCV had MTR will focus on the IDA Graduation mance and the ongoing preparatory work doubled to US$14.4 billion, allocations to Policy, PSW eligibility, performance of the on FCV operations. They encouraged the some FCV countries had declined below IDA18 SUF, and IDA voting rights. Prior WBG to share its use of innovative data- their IDA17 levels. to this engagement, a follow-up IDA18 based technologies in the field with bilateral IDA Borrowers’ Representatives called for Forum will be held on the margins of the developmental agencies and other multilateral clarity on the policy commitments relating to 2018 IMF/WBG Spring Meetings and would agencies, including the UN. They however, enhancing Domestic Resource Mobilization cover updates on the special themes and expressed concern over the rising debt levels (DRM) and on the special theme on Jobs IDA finances, as well some initial findings across the developing world and called on and Economic Transformation. Borrower on the transitional support for IDA17 and the WBG to monitor these debt dynamics Representatives noted that the observed IDA18 graduating countries. ■ and the impact on uptake of financing from rise in debt levels justified enhanced work

Scaling Solar Initiative (iv) Institutional Capacity: Many govern- Bank supports client country governments by Abdirahman Shariff ments have limited capacity to manage, with financing and advice to increase access During the 15th Statutory Meeting of the structure, and negotiate private power to electricity, expand least-cost generation, Africa Group 1 Constituency, the IFC Regional concessions. create sustainable regulation, and leverage Director for Africa, Mr. Oumar Seydi and (v) Lack of Scale: Navigating small and the private sector. the IFC Senior Manager for Infrastructure, distinct power markets can deter inves- The Director enumerated the following Mr. Bertrand Heysch De la Borde, made a tors, and small grids can only absorb process, which can be achieved within two presentation on the Scaling Solar Initiative. small projects. years of engaging IFC. They highlighted the enormous potential of solar energy as a renewable source in The presentation stated that the solution (i) project preparation, which includes emerging markets. At the same time, the to the energy generation deficit lay in Scal- technical economic analysis, size of cost of solar photovoltaic (PV) technology ing Solar, which brings together a suite of the sector, and legal and regulatory has fallen dramatically—solar PV can now World Bank Group services under a single analysis; deliver power less expensively and with engagement aimed at creating viable mar- (ii) bid preparation, which entails localiza- more long-term price certainty, than coal- kets for solar power in each client country. tion of tender documents and attach- fired power sources. The “one stop shop” initiative provided by ment of financing, insurance, and credit Scaling Solar Initiative aims to satisfy the WBG aims at making privately funded enhancement; the large unmet demands for electricity due grid-connected solar projects operational (iii) tender process and award; to challenges that include: within two years and at competitive and (iv) financing closure; and transparent tariffs. When implemented (v) construction and operation. (i) High Perceived Risk: The perception across multiple countries, the program of risk in the region continues to be will create a new regional market for solar The presentation also highlighted the high. investment. lessons learnt during the pilot phase in four (ii) Lack of Competition: Many power It was noted that IFC is experienced in countries—Ethiopia, Madagascar, Senegal, projects are not competitively tendered developing bankable power projects and has and Zambia—which are all at various stages. and procurement delays are also com- a substantial track record in both tender- In Zambia, the front-runner, the process mon in the region. ing and financing solar plants, with MIGA is almost complete with a tariff rate of six (iii) High Transaction Cost: Individual nego- providing a range of political risk insurance cents per kilowatt hour flat achieved. The tiated contracts have high transaction products to attract private capital into emerg- presentation mentioned that the second costs. ing economies. In this regard, the World phase of the Scaling Solar Initiative was

Africa Group I Constituency, Newsletter 4th Quarter Edition 6 March 2018

29805_Fourth Quarter Newsletter_New.indd 6 3/30/18 8:49 AM being launched in Zambia, and would have The Meeting noted that standardized Our Constituency Countries stand to an installed capacity of up to 500 MW. bid documents and contracts reduced the benefit from the Scaling Solar Initiative, In Senegal, which was at a well- costs, accelerated the process, and ensured which lowers costs, and a much shorter advanced stage, and where the pre-­ transparency. Ultimately, it led to lower project cycle in terms of implementation, qualification had been implemented, tariffs to the benefit of consumers. Other tendering, and financial closures. In addition, some international firms had already pre- lessons learned were the importance of our Constituency Countries could benefit qualified. The initiative was also under identifying acquisition of suitable locations from the certainty of balanced, bankable way in Ethiopia and Madagascar, where for the project, including addressing the documents that could be offered to bidders requests for prequalification were launched environmental and social safeguards. Based on a nonnegotiable basis with the comfort in 2017. It was noted that the project in on the experience from the pilot phase, IFC of preapproved financing available to all Madagascar included, for the first time, would now proceed to the next phase of the suitable bidders. ■ an energy storage component. initiative to include more African countries.

The 2017 African Caucus Meeting WBG to pay special attention to all lower- poverty. They identified the limited access by Naomi Rono middle-income countries which face similar to working capital as a key bottleneck. They Africa’s Governors of the World Bank Group structural and development challenges as urged the WBG and the IMF to propose a (WBG) met during the 2017 WBG/IMF low-income countries, and would therefore roadmap to support countries in: (i) de- Annual meetings in October 2017 to discuss require appropriate instruments to deal with risking agriculture financing; (ii) identifying development challenges facing the continent challenges such a creating sustainable jobs domestic and foreign financial institutions and to identify strategies that would drive and human capital development. (DFIs) with the appropriate risk appetite in economic transformation. The outcome of The second set of priority issues identified agriculture, while promoting sound finan- the African Caucus meeting was laid out was the role of technology for increasing cial development and inclusion, as well as in a Memorandum of the African Caucus, agriculture productivity and value chains enabling a level-playing field for competition; and presented to the President of the WBG in driving the economic transformation (iii) creating the fiscal space within public and the Managing Director of the IMF. The agenda, as well as creating jobs for youth budgets along with mobilizing private sector Memorandum identifies agriculture and and women in Africa. The Governors called resources; and (iv) creating instruments to agribusiness as the key catalysts for eco- on the WBG to develop and implement an enable farmers access to finance to boost nomic transformation and job creation in Action Plan to support Africa’s agricul- their potential. Africa. It further outlined the priority areas tural transformation agenda for the next Fourthly, the Memorandum acknowl- for engagement with the WBG and IMF to 3–5 years, to help countries: (i) increase edged commendable progress made by the support the development agenda for Africa. agricultural production and productivity WBG in diversity issues, including attaining The first priority issue outlined was at the farm level, and improve resilience, the diversity target for staff of Sub-Saharan the reform of policies and strategies for the while emphasizing more climate smart Africa and Caribbean descent of 12.5 percent agricultural sector. The Governors high- agriculture. To this end, they requested at the WBG, and the commitment the Bank lighted that these reforms should include a significant increase of Africa’s share in made to raise this target to 15 percent. Given mechanisms to improve the investment IDA18 commitments, related to climate the low representation of SSA nationals at climate, develop rural physical infrastruc- smart agriculture and land forest and water the mid-management level (the missing ture, remove rigidities in the land market, management to be implemented in Africa middle) in the two institutions, Gover- improve access of rural smallholder farmers during the IDA18 cycle; (ii) link farmers to nors requested the WBG and the IMF to to finance, and enhance the provision of markets and strengthen value chains, while take deliberate steps to build a pipeline of agricultural services; and investing social emphasizing core private sector support; Africans at the mid to senior management and human capital, technology, progress, and and (iii) reduce the risk and vulnerability level, to ensure that there is an adequate innovation, including product and market through emphasis on risk management, pool of Africans both at the technical and diversification. nutrition, and gender. managerial levels to be promoted to more Governors called on the WBG to enhance Thirdly, the Memorandum identified the senior levels whenever vacancies arise. its role and review its policies and instru- need for agriculture infrastructure financ- In response, the President of the WBG, ments to enable economic transformation ing and financial inclusion to support the Dr. Jim Y. Kim acknowledged the importance in Africa. They also emphasized the need development of agriculture in Africa. The of agriculture as a key driver for growth to focus on trade and economic policy, Caucus observed that many farmers in and development, highlighting its potential customs, and logistics, and direct enter- Africa were unable to receive adequate to; absorb the large labor force, reduce prise support. They further called on the returns from farming to lift them out of poverty and meet the food demand for the

Africa Group I Constituency, Newsletter 4th Quarter Edition 7 March 2018

29805_Fourth Quarter Newsletter_New.indd 7 3/30/18 8:49 AM continent. He further recognized the need this approach focuses on increasing the across the value chain. He also emphasized to partner with the private sector to create quantity and quality of food, while creat- the WBG’s support for the development the right incentives that make agriculture ing economic opportunities. He further of new technologies adapted to the Con- attractive to the youth. noted that the WBG’s investment in agri- tinent’s needs, to increase the uptake by President Kim informed the Gover- culture and related sectors accounted for small-holder farmers. Finally, he encouraged nors that the WBG had implemented a over US$1.8 billion in FY17 and targeted the Governors to invest in human capital food systems approach for agriculture, to risk mitigation, climate smart interventions and assured them of the WBG’s support in improve food security. He highlighted that and support for agriculture and agribusiness fulfilling their development goals. ■

Mr. Bvumbe confers with the African Caucus Chair, The African Caucus addresses during the Annual Meetings. Hon. O. R. Matambo from Botswana.

Highlights of the Executive Director’s Missions to the Constituency

Republic of Burundi WBG Governor, and Minister of Finance, While on the site, Mr. Bvumbe met with by Zarau W. Kibwe Budget, and Privatization; Honorable Dr. Déo the representative of the evictees of the The Executive Director, Mr. Andrew Bvumbe, Guide Rurema, Minister of Agriculture and Mulembwe dam site who informed him undertook his official mission to the Republic Livestock; and Honorable Jean Bosco Ntun- of some compensation/relocation issues. of Burundi during December 1–2, 2017. The zwenimana, Minister of Transport and Pub- To this end, he called on the authorities to purpose of his visit was to consult with the lic Works. He also met Honorable Côme clear the problems raised to ensure speedy authorities on how the WBG would comple- Manirakiza, Minister of Energy and Mines; takeoff of the project. ment government’s efforts in improving the Honorable Josiane Nijimbere, Minister of Mr. Bvumbe also visited the Agro-Pastoral supply of energy, improving agricultural Health; Mr. Jean Ciza, Governor of the Bank and Market Development Project in Rutana productivity and access to markets, and of the Republic of Burundi (BRB); Mr. Audace Province, which aims at improving produc- developing skilled and healthy human capital. Niyonzima, Commissioner General of the tivity and access to markets for smallholder Getting first-hand insights on these priori- Burundi Revenue Authority (OBR); and farmers. This project enabled farmers to ties could help him articulate effectively other senior government officials. have two harvesting seasons per annum Burundi’s interests at the WBG’s Boards The Executive Director visited Jiji and and had significantly boosted their harvests. of Executive Directors. He was equally Mulembwe Hydropower Project in Bururi He was impressed with what has been interested in learning how the authorities province. He noted that the project could achieved so far and assured the Provincial could be supported to resume budget sup- significantly contribute to the structural Government of WBG’s continued support, port, which has been on hold since 2015. transformation of the economy by increas- especially on helping farmers have direct Mr. Zarau Kibwe, his Advisor for Burundi, ing the supply of energy. He implored the access to markets. ■ accompanied him. authorities and WBG to expeditiously imple- The Executive Director met with the ment the project as it had taken longer to Honorable Dr. Domitien Ndihokubwayo, the start since the Board approved it in 2014.

Africa Group I Constituency, Newsletter 4th Quarter Edition 8 March 2018

29805_Fourth Quarter Newsletter_New.indd 8 3/30/18 8:49 AM The Executive Director looks at the map of the Mulembwe Dam Manager of the Jiji-Mulembwe Hydropower Project shows the site with the representative of the Evictees. Executive Director the site where the Mulembwe Dam will be built.

Executive Director gets explanation on how Governor of Rutana Province and other beneficiaries of Prodema Project was executed. the Prodema Project listen to the ED on how WBG and Government could help improve access to market for smallholder farmers. ■

Africa Group I Constituency, Newsletter 4th Quarter Edition 9 March 2018

29805_Fourth Quarter Newsletter_New.indd 9 3/30/18 8:49 AM Republic of the Sudan views with the Resident representatives of which have exceeded all project targets. It by Abdirahman Shariff the IFIs: Mr. Adamou Coulibally, World was noted that there was a need to scale The Executive Director undertook his offi- Bank Country Manager for Sudan; and up the project, which would help improve cial mission to Sudan in November 2017 to Mr. Abdikarim Farah, Resident Representa- the areas of technical and vocational train- consult with the authorities on how best tive of the IMF. The ED also participated ing that are critical for the development of he can represent them on the Boards of in a roundtable meeting organized by the human capital. With regard to health, the Executive Directors of the World Bank Group World Bank country team with the USA ED acknowledged the Ministry’s concern (WBG). He further wanted to be apprised Council of Africa on the continued brain drain and lack of of the progress with the reengagement pro- Sudan’s reengagement with the Interna- new equipment, which is having a nega- cess between Sudan and the International tional Financial Institutions was the main tive impact on the country’s health sector. Financial Institutions (IFIs) following the focus of the discussions. The mission agreed The mission welcomed the government’s U.S. decision to lift economic sanctions on that debt relief and arrears clearance is a commitment and strategy to develop agri- Sudan. During his visit, the ED met with the priority for the country and commended the culture, including livestock, forestry, and Honorable Dr. Mohamed Osman Suliman government’s priority to pursue debt relief fisheries. The government’s Agriculture ElRkabi, Minister of Finance; Mrs. Asia and arrears clearance through the Highly Revival Plan and the National Agriculture Mohammed AbdAllah Idris, the Minister Indebted Poor Country Initiative and the zero Investment Plan will be important plat- for Education; Mr. Hussein Yahia Jangoul, option of Sudan–South Sudan agreement. forms in transforming agriculture from Deputy Governor; and the Deputy Central The Executive Director discussed with traditional to commercial, including agri- Bank Governor of Sudan, Mr. Mubarak Fadel the authorities the reform agenda and was business, encouraging both domestic and al-Mahdi. He also met with the Minister of impressed by the commitment and deter- foreign direct investment. Moreover, the Investment, Dr. Abdul Latif Al Ajimi; the mination of the government to reform and development of agricultural value chains, Minister of Agriculture and Forestry, Bahr own its reform agenda. The government’s including livestock, would be essential for Idris Abu Garda; the Minister of Health, Eng. announcement of policy measures, particu- the transformation of the sector. Yousef Hamza Yousef; the State Minister of larly on issues related to subsidies, exchange The mission also consulted with the Water Resources, Irrigation and Electricity, rate, and domestic resource mobilization in Private Sector, which has identified some Mr. Bushara Guma Oru; and the Minister of the 2018 budget, would signal the govern- constraints to investment and growth of Animal Resources among other Government ment’s commitment to reform, which will the sector. The role of IFC and MIGA was officials. Within the Private Sector, the ED help the process of accessing debt relief. extensively discussed as IFC engagement in had consultations with the Sudan National The authorities discussed with the ED the Sudan was very critical to providing direct Chamber of Commerce (SNCC). Mr. Bvumbe government’s Education and Health sectors finance for sectors such as agribusiness also broadened his scope of understanding strategies and the successful implementa- and energy. ■ the current situation in Sudan by exchanging tion of the World Bank supported project,

Mr. Bvumbe with Minister of Finance, Dr. Mohamed Osman Mr. Bvumbe tours a sugar plantation in Sudan. Suliman ElRkabi.

Africa Group I Constituency, Newsletter 4th Quarter Edition 10 March 2018

29805_Fourth Quarter Newsletter_New.indd 10 3/30/18 8:49 AM Mr. Bvumbe tours an irrigation scheme in Sudan. Mr. Bvumbe tours a sugar factory in Sudan.

Republic of Zimbabwe Honorable Minister of Finance and Economic to drive forward its reengagement process. by Allan Ncube Planning, Hon. Patrick Chinamasa; the new Mr. Bvumbe also attended economic update The Executive Director undertook his official Minister of Foreign Affairs and International meetings with the IMF Mission Chief. mission to Zimbabwe to consult with the Trade, Rtd. Lt.-General, Dr. Sibusiso Moyo; Mr. Bvumbe discussed with the authori- authorities following the change in govern- the Chief Secretary to the President and ties the raft of reforms that need to be imple- ment in November 2017. The objective of Cabinet, Dr. Misheck Sibanda; the Treasury mented which had also been highlighted his mission was to support the reengage- Secretary, Mr. Willard Manungo; and the in both the new President’s Inauguration ment process which is expected to move Governor of the Reserve Bank of Zimbabwe speech and in the Finance Minister’s 2018 forward rapidly, as well as help in the design (RBZ), Dr. John Mangudya, among other Budget Statement presented to Parliament and implementation of a comprehensive Government officials. The ED also met with on December 7, 2017. These include tackling economic reform program that would lay the Chamber of Zimbabwe Industries (CZI), the huge employment costs and parastatal the foundation for sustainable economic Zimbabwe National Chamber of Commerce reforms. The reforms would extend to cover development and poverty reduction, and (ZNCC). In addition, Mr. Bvumbe also par- the ease of doing business and measures create a conducive business environment ticipated in a Development Partners’ meet- to improve the country’s Country Policy in Zimbabwe. ing comprising the IMF Mission Chief and and Institutional Assessment (CPIA) rating. His mission coincided with the IMF Staff Resident Representatives of the IMF, AfDB, The ED and the authorities also discussed visit led by the Mission Chief, Mr. Gene and the WBG. The meeting was convened to the normalization of Zimbabwe’s relations Leon. During his visit, the ED met with the formulate a package of assisting Zimbabwe with development partners, in particular

Mr. Bvumbe confers with the Chief Secretary to the Cabinet, Mr. Bvumbe meeting with the Minister of Foreign Affairs Dr. Misheck Sibanda. and International Trade, Rtd. General Sibusiso Moyo.

Africa Group I Constituency, Newsletter 4th Quarter Edition 11 March 2018

29805_Fourth Quarter Newsletter_New.indd 11 3/30/18 11:12 AM Mr. Bvumbe meeting with the Govenor of the RBZ, Mr. Bvumbe meeting with the Governor of the RBZ, Dr. John Mangudya. Dr. John Mangudya.

with the UK and the U.S., and the need to The Zimbabwe Government was also the government, and also recommended clear arrears to the IFIs. considering the issue of compensating for- the establishment of a court to swiftly deal The clearance of arrears to the IFIs would mer commercial farmers whose land was with issues of corruption and white-collar help unlock the much needed bilateral trade affected by the land reform program. The ED crimes. Finally, he advised the government resources. It would also avail the opportunity also advised the government to establish a to request technical assistance from the WBG for Zimbabwe to negotiate the rescheduling formal think tank that ideally should include for procurement reforms and assisting the of bilateral debts with the Paris Club. the youth, to act as an advisory body to land commission. ■

Staffing News

Update on Constituency Office Staffing by Allan Ncube The Office of the Executive Director for Africa Group 1 Constituency welcomed a new member of staff from the Kingdom of Swaziland, Ms Lonkhululeko Phumelele Magagula, who joined on November 13, 2017. Previously, she worked as Chief Economist in the Ministry of Economic Planning and Development.

Lonkhululeko Phumelele Magagula, Advisor.

Africa Group I Constituency, Newsletter 4th Quarter Edition 12 March 2018

29805_Fourth Quarter Newsletter_New.indd 12 3/30/18 8:49 AM Project Development Objective Project To provide long-term provide funding to Botswana Building Society (BBS) To BBS’ balance sheet to support business aimed at strengthening as it transformsbank. growth, its model to a full service commercial equitable access, and internal assist in improving efficiency, To quality in general education. and of producers and commercialization productivity (a) increase To service delivery in selected value chains; (b) strengthen processors systems in the livestock and fisheries sectors; (c) respond to an eligible crisis or emergency. and effectively promptly access to social services and markets in targeted (a) improve To safety management capacity; and road (b) strengthen rural areas; to an and effectively promptly the capacity to respond (c) improve Eligible Crisis or Emergency. water services and safely managed access to improved increase To sanitation services in Lilongwe City. water services and safely managed access to improved increase To sanitation services in Lilongwe City. gravity-fed irrigation and drainage access to reliable (a) provide To for smallholder farmers; land tenure and services; (b) secure in areas management of wetlands and protected (c) strengthen Valley. the Shire maternal, the utilization and quality of reproductive, improve To child, and adolescent health nutrition services, particularly in underserved areas. Amount in US$—Million 25 million equivalent in Botswana Pula and a Senior Convertible Loan of 15 million, convertible into 15.0 percent share ordinary capital of BBS. 300 170 18.30 25 75 160 80 Project Title Project to Botswana Building Society (BBS) Quality Improvement (GEQIP-E) Program Sector Development Project and Connectivity Project Sanitation Project Sanitation Project 1 Program Transformation Program Strengthening Funding Source of Source IDA REG and Lilongwe Water Date Approved Approved Country Botswana Oct 18, 2017 IFC Loan investment IFC Proposed Ethiopia Dec 19, 2017Ethiopia IDA Grant Dec 12, 2017 General Education Lesotho IDA REG Livestock and Fisheries Nov 20, 2017Malawi IDA REG Infrastructure Transport Dec 20, 2017Malawi IDA Grant and Lilongwe Water Oct 18, 2017Mozambique IDA REG Dec 20, 2017 Valley Shire IDA Grant Primary Health Care Snapshot of Approved Projects October–December 2017 by Lamin Bojang

Africa Group I Constituency, Newsletter 4th Quarter Edition 13 March 2018

29805_Fourth Quarter Newsletter_New.indd 13 3/30/18 8:49 AM Project Development Objective Project To strengthen the capacity and governance strengthen systems of key To sectors in institutions to manage the mining and hydrocarbon Mozambique. To improve the effectiveness of Rwanda’s social protection system, social protection of Rwanda’s the effectiveness improve To (VUP), for Program notably the flagship Vision 2020 Umurenge vulnerable groups. targeted To (i) increase productivity in selected economic sectors; and productivity (i) increase To and accountability in selected government transparency (ii) improve decision-making processes. To strengthen governance, strengthen knowledge, and sustainability of the To extractives sector. To (a) fill a financing gap of the WAPP CLSG Power Interconnection CLSG Power Interconnection (a) fill a financing gap of the WAPP To to avoid delays in completing the CLSG interconnection transmission line; and Integration and TA. (b) scale up the impact of WAPP Amount in US$—Million 28 80 10 20 22.66 Regional Project Project Title Project Assistance Additional Financing Protection Project Protection Transparency Support Transparency Credit—Development Policy Supplemental Financing Technical Assistance Technical Phase 2 Project West African Power PoolWest 22.66 Funding Source of Source IDA Credit Date Approved Approved Country Mozambique Nov 1, 2017 IDA Grant Mining and Gas Technical Rwanda Dec 18, 2017 IDA REG Social Strengthening Sierra Leone Nov 30, 2017 IDA Grant and First Productivity Sierra Leone Nov 22, 2017 IDA Grant Extractive Industries Liberia Nov 17, 2017 IDA Grant Sierra Leone Nov 17, 2017 IDA Credit African Power Pool West 59.00

Africa Group I Constituency, Newsletter 4th Quarter Edition 14 March 2018

29805_Fourth Quarter Newsletter_New.indd 14 3/30/18 8:49 AM CONSTITUENCY GOVERNORS AND ALTERNATE GOVERNORS’ ADDRESSES AFRICA GROUP I

GOVERNORS ALTERNATE GOVERNORS BOTSWANA HON. ONTEFETSE KENNETH MATAMBO MR. SOLOMON MOLEBATSI SEKWAKWA Minister of Finance and Economic Development Permanent Secretary Ministry of Finance and Economic Development Ministry of Finance and Development Planning Private Bag No. 8 Private Bag No. 8 GABORONE, BOTSWANA GABORONE, BOTSWANA Office: (267) 3959808; 3950252; 3950384 Office: (267) 3959481; 3950252; 3950373 Fax: (267) 3956086; 3900379; 3951051 Fax: (267) 3956086; 3900325; 3900379; 3951051 BURUNDI HON. DR. DOMITIEN NDIHOKUBWAYO MONSIEUR LEON NIMBONA Minister of Finance, Budget and Privatization Permanent Secretary Ministry of Finance, Budget and Privatization Ministry of Finance and Privatisation B.P. 1830 Avenue des Tilleuls No. 1, B.P. 1960 BUJUMBURA, BURUNDI BUJUMBURA, BURUNDI Office: (257-22) 222775; 2223988; 223827 Office: (257-22) 211416/ Fax: (257-22) 226593 Fax: (257-22) 223827; 256627; 223475; 226627 ERITREA HON. BERHANE HABTEMARIAM MRS. MARTHA WOLDEGIORGHIS Minister of Finance Director General, Department of Treasury Ministry of Finance Ministry of Finance P.O. Box 895 P.O. Box 895 ASMARA, ERITREA ASMARA, ERITREA Office: (291-1) 119858; 114969; 118131 Office: (291-1) 12-08-15 Fax: (291-1) 127947 or 113334, Fax: (291-1) 127947 or 113334 ETHIOPIA H.E. DR. ABRAHAM TEKESTE MR. ADMASSU NEBEBE Minister of Finance and Economic Cooperation State Minister Ministry of Finance and Economic Cooperation Minister of Finance and Economic Cooperation P.O. Box 1905 P.O. Box 1037 ADDIS ABABA, ETHIOPIA ADDIS ABABA, ETHIOPIA Ethiopia Office: (251-11) 1226633 Office: (251-11) 1552014; 1552400; 1116500; 111560123 Fax: (251-11) 1226712 Fax: (251-11) 1551355 or 1560124 THE GAMBIA HONORABLE AMADOU SANNEH MR. LAMIN CAMARA Minister of Finance & Economic Affairs Permanent Secretary Ministry of Finance & Economic Affairs Ministry of Finance and Economic Affairs The Quadrangle The Quadrangle BANJUL, THE GAMBIA BANJUL, THE GAMBIA Phone: 220-420-1432 +220 4227529 Phone: 220 4222388 Fax: 220-4227954 Mobile: +220 7799346; 9976087 Fax: (220) 4227954

Africa Group I Constituency, Newsletter 4th Quarter Edition 15 March 2018

29805_Fourth Quarter Newsletter_New.indd 15 3/30/18 8:49 AM GOVERNORS ALTERNATE GOVERNORS KENYA HON. HENRY KIPLAGAT ROTICH DR. KAMAU THUGGE Cabinet Secretary for the National Treasury Principal Secretary The National Treasury The National Treasury P.O. Box 30007-00100 P.O. Box 30007 Treasury Building, Harambee Avenue Treasury Building, Harambee Avenue NAIROBI, KENYA NAIROBI, KENYA Office: (254-20) 251865; 338111 (Main): 211928 Office: (254-20) 240051 Fax: (254-20) 222762; 330426; 218475; 240045 Fax: (254-20) 217593; 219365; or 250040 LESOTHO H.E. MR. TLOHELANG PETER AUMANE MR. KHOMOATSANA ALEXANDER TAU Minister of Development Planning Principal Secretary Ministry of Development Planning Ministry of Development Planning P.O. Box 630 P.O. Box 630 MASERU 100, LESOTHO MASERU 100, LESOTHO Office: (266) 22 321224; 324807 Telephone: (+266) 2232 8188 LIBERIA HON. SOMUEL D. TWEOH, JR. MR. MILTON WEEKS Minister of Finance and Development Planning Governor of the Central Bank of Liberia Ministry of Finance and Development Planning Central Bank of Liberia Cnr, of Broad & Mechlin Streets Corner of Ashmun & Lynch Streets P.O. Box 10-9013 P.O. Box 2048 MONROVIA, LIBERIA MONROVIA, LIBERIA Tel: (231) 886 516 006 Tel: (231) 555 960 553/554 Fax: (231) 22 866-611-777 Fax: (231) 226-144 Telex: 44215 MALAWI HON. GOODALL E. GONDWE MR. BEN BOTOLO Minister of Finance, Economic Planning and Development Secretary to Treasury Ministry of Finance, Economic Planning and Development Ministry of Finance, Economic Planning and Development P.O. Box 30049 P.O. Box 30049 LILONGWE 3, MALAWI LILONGWE 3, MALAWI Office: (265) 1 789355 or 788150 (Direct): 788030 Office: (265) 1 788 789 (Direct): 788 888 or 789 267 Fax: (265) 1 789 173, 788384 Fax: (265) 188 093; 788 247 Fax: (265) 1 622955; 635408; 622321 MOZAMBIQUE HON. ADRIANO AFONSO MALEIANE MR. ROGERIO ZANDAMELA Minister of Economy and Finance Governor Praça da Marinha Popular n. 929 Central Bank of Mozambique Caixa Postal n. 272 P.O. Box 423 MAPUTO, MOZAMBIQUE Avenida 25 Setembro 1695 Tel: (258) 21-492268 MAPUTO, MOZAMBIQUE Fax: (258) 21-492625 Office: (258) 21 323384 Fax: (258) 21 321912 or 321915

Africa Group I Constituency, Newsletter 4th Quarter Edition 16 March 2018

29805_Fourth Quarter Newsletter_New.indd 16 3/30/18 8:49 AM GOVERNORS ALTERNATE GOVERNORS NAMIBIA HON. CARL HERMANN GUSTAV SCHLETTWEIN MR. IPUMBU SHIIMI Minister of Finance Governor Ministry of Finance Bank of Namibia Fiscus Building, 10 John Meinert Street P. O. Box 2882, Private Bag 13295 71 Robert Mugabe Avenue WINDHOEK, NAMIBIA WINDHOEK, NAMIBIA Office: (264) 61 209 2930 Office: (264) 61 283 5131 Fax: (264) 61 227 702 Fax: (264) 61 229 874 RWANDA HON. AMBASSADOR CLAVER GATETE DR. UZZIEL NDAGIJIMANA Minister of Finance and Economic Planning Minister of State Ministry of Finance and Economic Planning Ministry of Finance and Economic Planning P.O. Box 158 P.O. Box 531 KIGALI, RWANDA KIGALI, RWANDA Office: 250 252 576701; 596002 Office: 250 252 596007 Fax: 250 577581 SEYCHELES HON. DR. LOUIS, RENE, PETER LAROSE MS. CAROLINE ABEL Minister of Finance, Trade and Economic Planning Governor Ministry of Finance, Trade and Economic Planning Central Bank of Seychelles P.O. Box 313 P.O. Box 701 Liberty House VICTORIA MAHE, SEYCHELLES VICTORIA MAHE, SEYCHELLES Office: (248) 28 20 02 Office: (248) 38 21 20 Fax: (248) 22 60 35 Fax: (248) 432-5220; 22 58 93/ (248) 32 42 48 SIERRA LEONE HON. MOMODU L KARGBO MR. EDMUND KOROMA Minister of Finance and Economic Development Financial Secretary Ministry of Finance and Economic Development Ministry of Finance and Economic Development Ministerial Building, George Street Ministerial Building, George Street FREETOWN, SIERRA LEONE FREETOWN, SIERRA LEONE Office: Office: 232-22-222-211 Office: (232) 22 222211; 293104; 225612 Fax: (232) 22 228355; 228472 Fax: 232 22 228472 or 225826 or 224274 Cell: (232) (0) 76 111393 SOMALIA HON. ABDIRAHMAN DUALE BEILEH MR. BASHIR ISSE Minister of Finance and Planning Governor of the Central Bank Ministry of Finance and Planning Central Bank Villa Somalia, Mogadishu FEDERAL REPUBLIC OF SOMALIA FEDERAL REPUBLIC OF SOMALIA SOUTH SUDAN HON. SALVATORE GARANG MABIORDIT MR. OTHOM RAGO AJAK Minister of Finance and Economic Planning Governor Ministry of Finance and Economic Planning Bank of South Sudan JUBA, SOUTH SUDAN JUBA, SOUTH SUDAN

Africa Group I Constituency, Newsletter 4th Quarter Edition 17 March 2018

29805_Fourth Quarter Newsletter_New.indd 17 3/30/18 8:49 AM GOVERNORS ALTERNATE GOVERNORS SUDAN H.E. DR. MOHAMED OSMAN SULIMAN, ELRKABI MR. HAZIM ABDELGADIR AHMED BABIKER Minister of Finance and Economic Planning Governor Ministry of Finance and Economic Planning Central Bank of Sudan P.O. Box 298, P.O. Box 313 Sharia Gamaa Street KHARTOUM, SUDAN KHARTOUM, SUDAN Office: (249) 183 777563 or 784378 Phone number: +183777609 Fax: (249) 183 776081 or 770576; 771619; 799549 Fax number: +183778547 SWAZILAND H.R.H. PRINCE HLANGUSEMPHI DLAMINI MR. BHEKI S. BHEMBE Minister of Economic Planning and Development Principal Secretary Ministry of Economic Planning and Development Ministry of Finance, 6th Floor 4TH and 5TH Floor, Finance Building Finance Building, Corner Umlilo Street Corner Umlilo Street And Lusutfu Road, P.O. Box 443 Opposite Swaziland Govt. Hospital MBABANE, SWAZILAND P.O. Box 602 Office: (268) 2404 2142, 404 5552, Home: 404 5124 MBABANE, SWAZILAND Fax: (268) 404 3187 Office: (268) 2404 3765/6/7/8 Fax: (268) 2404 2157 TANZANIA HON. DR. PHILIP ISDOR MPANGO (MP) MR. DOTO MGOSHA JAMES Minister of Finance and Planning Permanent Secretary Ministry of Finance and Planning Ministry of Finance and Planning P.O. Box 9111 P.O. Box 9111 DAR-ES-SALAAM, TANZANIA DAR-ES-SALAAM, TANZANIA Office: (255-22) 2111174/6 Office: (255-22) 2111174/6, 2221271 or 211 2856 Direct: (255-22) 2112854 Direct: (255-22) 2112856 Fax: (255) 22 2110326; 2117790; 2117103 Fax: (255-22) 2117790; 2117103; or 2110326 UGANDA HON. MATIA KASAIJA, M.P. MR. KEITH MUHAKANIZI Minister of Finance, Planning and Econ. Devt. Permanent Secretary and Secretary to Treasury Ministry of Finance, Planning and Econ. Devt. Ministry of Finance, Planning and Econ. Development P.O. Box 8147 P.O. Box 7086 Plot 2/12 Apollo Kaggwa Road KAMPALA, UGANDA KAMPALA, UGANDA Office: (256) 41 4232095 (Direct): 4234700/5; 4235051-4; Office: (256) 707100 or 4232370 4232095 Fax: (256) 41 4230163; 4233035; or 4250005 Fax: (256) 41 4343023 ZAMBIA HON. MARGARET MWANAKATWE, MP HON. ALEXANDER CHITEME Minister of Finance Minister Ministry of Finance Ministry of National Development and Planning P.O. Box 50062 LUSAKA, ZAMBIA LUSAKA, ZAMBIA Office: (260) 11 250481 (260) 11 254263 Fax: (260) 11 253494

Africa Group I Constituency, Newsletter 4th Quarter Edition 18 March 2018

29805_Fourth Quarter Newsletter_New.indd 18 3/30/18 8:49 AM GOVERNORS ALTERNATE GOVERNORS ZIMBABWE HON. PATRICK A. CHINAMASA MR. WILLARD LOWENSTERN MANUNGO Minister of Finance and Economic Development Secretary for Finance and Economic Planning Ministry of Finance and Economic Development Ministry of Finance and Economic Planning New Government Composite Office Complex Government Complex Building Private Bag 7705, Causeway Private Bag 7705 HARARE, ZIMBABWE Causeway, Direct: (263-4) 792918; 739463 HARARE, ZIMBABWE Office: (263-4) 722101; 739357; 739371; 794571 Tel: (263-4) 250967 Fax: (263-4) 757737 Fax: (263-4) 792750; 251372; 250614

Africa Group I Constituency, Newsletter 4th Quarter Edition 19 March 2018

29805_Fourth Quarter Newsletter_New.indd 19 3/30/18 8:49 AM AFRICA GROUP 1 CONSTITUENCY Newsletter from the Office of the Executive Director 4th Quarter Edition | March, 2018

For Electronic or hard copies: Telephone: (202) 458-1619 Facsimile: (202) 522-1549 E-mail: [email protected] Website: http://www.worldbank.org/eds14

29805_Fourth Quarter Newsletter_New.indd 20 3/30/18 8:49 AM