Appraisal Environmental and Social Review Summary (ESRS) - BiH Firm Recovery and Support Project - P174604

The scope of the activities or potential sectors have not yet been defined within the project, and the actual selection of the participating MSMEs will be based on the actual impact caused by the pandemic. [...] The Project level ESMS will include all elements with respect to ESS9, screening criteria for the sub-project proposals against E&S risks, procedures for managing the E&S risks and monitoring and reporting system on the environmental and social performance of sub- projects within the scope of the FIs /World Bank financed portfolio. [...] SUMMARY OF ENVIRONMENTAL AND SOCIAL (ES) RISKS AND IMPACTS A. Environmental and Social Risk Classification (ESRC) Moderate Environmental Risk Rating Moderate The project environmental risk is classified as Moderate due to the activities under the Component 1 and the assessment of the Borrower capacity to conduct adequate environmental and social management. [...] The PFIs under the two FIs will also conduct screening of the MSME businesses they will finance and will require the MSMEs to develop and comply with corrective action plans to improve the E&S performance of the firms. [...] General Assessment ESS1 Assessment and Management of Environmental and Social Risks and Impacts Overview of the relevance of the Standard for the Project: This standard is relevant for activities under the Component 1. The Project will support small investments and working capital operations of MSMEs that are yet to be defined.