What are the key steps of the World Bank loan project management procedure? Why?

1. Selection of borrowers (preparation for project establishment)

The first step of option work is to establish a project library around the investment direction of the World Bank in this region. Here, we should pay attention to several principles:

(1) We should choose a large-scale overall project to avoid including too many subprojects in the project, which will lead to the unclear and inconspicuous central goal of the project.

(2) The selection of key medium-term planning projects in urban planning is close to the requirements of World Bank loan projects.

(3) Try to choose projects with fewer immigrants, because the World Bank does not advocate a large number of immigrants due to the implementation of the project, and the World Bank loan will not be used to pay any expenses for resettlement.

(4) Try to avoid or reduce projects involving the top ten policies of the World Bank, and reduce unnecessary procedures and work in projects.

2. Preparation of potential borrowers

In domestic procedures, after the project is approved, the next step is to obtain the approval of the project. The Project Office shall urge all design units to prepare the feasibility study report, environmental impact assessment report and resettlement planning report of the project. It should be noted that the feasibility study and environmental assessment report are necessary documents for domestic approval procedures, and the resettlement plan must be prepared for World Bank procedures. The feasibility study and EIA report shall be submitted by the Provincial Development and Reform Commission to the National Development and Reform Commission and the State Environmental Protection Administration (the National Development and Reform Commission may delegate the project approval authority to the Provincial Development and Reform Commission, so the Project Office must clarify the project approval department as soon as possible to avoid delaying the work progress here). If the national (or provincial) development and reform commission and the State Environmental Protection Administration pass the examination and approval, it means that the domestic examination and approval procedures for the project have been completed. It should be noted that the domestic approval procedures should be completed before the project evaluation (preferably before the pre-evaluation), so as to avoid rework caused by the failure of domestic approval after the World Bank evaluation.

On the other hand, the World Bank will send a project preparation mission to the local area in the project preparation stage, that is, before the project evaluation, to understand the project preparation work and put forward supplementary and revised opinions on the feasibility study, environmental assessment and resettlement plan report. The preparatory group is generally composed of the project director or project manager of the representative office of the World Bank in China and experts in feasibility study, environmental assessment, resettlement, institutions, finance and economy. Each design unit must improve each report according to the opinions put forward by the preparatory group, and send the final draft of each report to the National Development and Reform Commission for approval. In addition to supervising and checking the progress and direction of project preparation, the preparatory team of the World Bank will also conduct short-term training for the personnel of the project office and design unit to ensure that the project preparation is carried out on the right track.

At this stage, the World Bank also requires the project office to complete the preparatory work of the project with the help of international consulting companies, so the participation of international consulting companies is very important for applying for World Bank projects. Consulting companies generally have experience in World Bank projects. When preparing the feasibility study, environmental assessment and resettlement plan report, the consulting company has the rights and obligations of preliminary review, and can put forward supplementary or revised opinions to the project office; Can put forward planning adjustment opinions; It can help the project office to prepare financial, economic and social analysis and procurement plan reports that meet the requirements of the World Bank. Finally, before the project evaluation, the World Bank will ask the consulting company to put forward opinions based on the materials provided by the project office for the World Bank's reference. As the third party of the project, the consulting company not only participates in the preparatory work of the project, but also helps the lender, the World Bank, to give feedback to the World Bank after the preliminary review of the project, which plays a connecting role.

estimate

Consultation

5. Submitted to the Executive Board for approval.

6. Implementation and monitoring

7. Post-evaluation