Appraisal Program Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Financing US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Financing 100.00 2
• DETAILS 2
• Total World Bank Group Financing 100.00 2
• The World Bank 3
• B. Introduction and Context 3
• 1. Zambia is experiencing a devastating drought the driest in 40 years impacting livelihoods and economic 3
• 2. After nearly four years Zambia is nearing the completion of its debt restructuring and the Government of 3
• Zambia remains committed to structural reforms but fiscal and debt pressures continue exacerbated by shocks. 3
• 3. The proposed Development Policy Financing DPF aims to support Zambia in increasing climate and 3
• 4. The proposed operation supports the Country Partnership Framework CPF for Zambia for FY25-29 WBs 3
• Corporate Priorities and complements recent projects and analytics. 3
• The World Bank 4
• C. Proposed Development Objectives 4
• 5. On completion of the DPF series the reform outcomes will lay the foundations for increased resilience to 4
• D. Project Description 4
• 6. The proposed Development Policy Financing DPF is the first two operations in a programmatic series that 4
• 7. The operation prioritizes the World Banks value-added and is part of its ongoing partnership with the GRZ 4
• The World Bank 5
• 8. Furthermore it is aligned with the goals of the Paris Agreement. 5
• 9. The World Bank and IMF continue to work closely to coordinate policy dialogue analysis and technical 5
• 10. MOFNP will coordinate monitoring and evaluation for this proposed DPF. 5
• F. Poverty and Social Impacts and Environmental Forests and Other Natural Resource Aspects 5
• 11. This operation aims to reduce poverty vulnerability in Zambia worsened by climate and economic shocks 5
• The World Bank 6
• 12. The prior actions do not present significant environmental risks however mitigation measures might be 6
• G. Risks and Mitigation 6
• 13. The overall residual risk rating for the operation is substantial. 6
• CONTACT POINT 6
• World Bank 6
• The World Bank 7
• BorrowerClientRecipient 7
• Republic of Zambia 7
• Implementing Agencies 7
• Ministry of Finance and National Planning 7
• FOR MORE INFORMATION CONTACT 7
• APPROVAL 7
• Approved By 7
• The World Bank 8