The risks posed by conditions for loan effectiveness and disbursements should be carefully assessed and considered in the project timeline. Project implementation was delayed by about 18 months as the conditions for loan effectiveness required the passage of appropriation bills in the National Congress and at least three of four state legislatures. Such projects can provide the required pressure for positive legal changes but can lead to startup delays.
Report Date
Project Name
Omnibus Infrastructure Development Project
Project Number
35448-013
Report Source
Self-evaluation
Country
Federated States of Micronesia
Sector
Themes
Topics