The Bank team supports the Borrower in developing the project design, identifying implementation arrangements, and conducting various reviews and studies.
In addition to providing financing, the World Bank serves as a vehicle for global knowledge transfer and technical assistance and generally takes an advisory role and offers analysis and advice during this phase. Beneficiaries and stakeholders are also consulted during this phase to ensure the project considers their needs. During preparation, the Borrower and the Bank team also give attention to other important concerns including citizen engagement, gender, climate change, fraud and corruption, and grievance redress mechanisms. Most Borrowers typically contract with consultants and private sector firms for goods, works and services, as needed, during this phase and later during the project's implementation phase. The borrower is responsible for the project preparation phase, which includes conducting technical, economic, social and environmental assessments and preparing feasibility studies, engineering and technical designs, among others. Environmental and Social Review Summary.The transition from the Safeguard Policies to the ESF will take several years, as projects approved under the Safeguard Policies continue to apply those policies through the end of the Project cycle. For investment projects under the previous Safeguard Policies, an Integrated Safeguards Data Sheet is made available to the public. The Project Information Document which outlines the scope of the intended project and the Environmental and Social Review Summary (ESRS) for investment projects starting in October 2018 that apply the Environmental and Social Framework (ESF). Two Bank documents are prepared and disclosed to the public during this phase.
This document identifies proposed objectives, risks to these objectives’ achievement, alternative scenarios, and a likely timetable for the project preparation process. Once a project is identified, the Borrower and the Bank agree on an initial project concept and its beneficiaries, and the Bank's project team outlines the basic elements in a Project Concept Note. For further information, click on the WBG Directive and Guidance. Used in conjunction with a Systematic Country Diagnostic (SCD), the CPF is a key tool that guides the WBG’s partnership and support for a Borrower’s development program.
The Borrower and the World Bank Group (WBG) produce a Country Partnership Framework (CPF) to identify the country’s main priorities for ending extreme poverty and promoting shared prosperity. The task of identifying and proposing projects for World Bank financing lies mainly with the Borrower. The World Bank project cycle includes six-stages:īelow is an outline of the six stages, the key documents produced during the various stages, and links to access them. In practice, the Bank and the Borrower work closely throughout the project cycle, although they have different roles and responsibilities. The project cycle is the framework used by the World Bank (‘the Bank’) to design, prepare, implement, and supervise projects.
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