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Article

25 Jul 2016

Auteur:
World Bank

World Bank Group Suspends Financing to the Inga-3 Basse Chute Technical Assistance Project

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The World Bank Group has suspended disbursements of funding to the Inga-3 Basse Chute (BC) & Mid-Size Hydropower Development Technical Assistance (TA) Project in the Democratic Republic of Congo (DRC). This follows the Government of DRC’s decision to take the project in a different strategic direction to that agreed between the World Bank and the Government in 2014. On March 20, 2014 the World Bank’s Board approved a US$73.1-million grant from its International Development Association (IDA) for the project, consisting of Inga-3 BC development support (US$47.5 million) and mid-size hydropower development support (US$25.6 million). At the time of suspension, approximately 6% of total project financing had been disbursed. The Inga component of the TA project aimed to finance a flexible suite of technical assistance, including strategic advice to the Government, complementary studies, capacity building, and institutional strengthening. The IDA TA project aimed to support a government-led process for the transparent development of Inga-3 BC as a public private partnership...The World Bank Group remains committed to supporting the DRC in its efforts to provide affordable and reliable energy for its people and to drive sustainable sources of growth for its economy.

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