What are the key steps in the World Bank loan project management process? …

1. Preparation work for option (project establishment) borrowers

The first step in option work is to establish a project library around the World Bank’s investment direction in the region. Here are a few things that should be noted Principles:

(1) A larger overall project should be selected to avoid including too many sub-projects in the project, resulting in unclear and unprominent central goals of the project.

(2) Select key mid-term planning projects in urban planning, which are relatively close to the requirements of World Bank loan projects.

(3) Try to choose projects with a small amount of resettlement and demolition, because the World Bank does not advocate that a large number of resettlement and demolition will be caused by the implementation of the project, and the World Bank loan will not be used to pay for any costs of resettlement and demolition. .

(4) Try to avoid or reduce projects involving the World Bank’s ten major policies, and reduce unnecessary procedures and work in the project.

2. Preparation Borrower's preparation

In domestic procedures, after project approval, the next step is to obtain project approval. The project office should urge each design unit to prepare the feasibility study report, environmental impact assessment report and resettlement plan report of the project. It should be noted that the feasibility study and environmental impact assessment reports are necessary documents for the domestic approval process, while the resettlement plan must be prepared for the World Bank process. The feasibility study and environmental impact assessment reports are submitted to the National Development and Reform Commission and the State Environmental Protection Administration by the Provincial Development and Reform Commission (the National Development and Reform Commission may delegate the project approval power to the Provincial Development and Reform Commission. Therefore, the project office must clarify the project approval department as early as possible to avoid delaying work progress here). If the national (or provincial) Development and Reform Commission and the State Environmental Protection Administration pass the approval, it means that the domestic approval process of the project has been completed. One thing to note is that the domestic approval process should be completed before the project is evaluated (preferably before the pre-assessment) to avoid rework caused by passing the World Bank evaluation but failing the domestic approval.

On the other hand, the World Bank will send a project preparation team to the local area during the project preparation stage, that is, before the project assessment, to understand the project preparation work and provide supplementary modifications to the feasibility study, environmental impact assessment and resettlement plan reports. . The preparation team is generally composed of the project director or project manager of the World Bank Representative Office in China, as well as experts in feasibility studies, environmental assessment, resettlement, institutions, finance and economics. Each design unit must improve each report based on the opinions put forward by the preparatory team, and send the final draft of each report to the National Development and Reform Commission for approval. In addition to supervising and inspecting the progress and direction of the project preparation work, the World Bank preparation team will also conduct short-term training for personnel in the project office and various design units to ensure that the project preparation work is carried out on the right track.

At this stage, the World Bank also requires the project office to complete the preliminary preparations for the project with the help of international consulting companies. Therefore, the participation of international consulting companies is essential for applying for World Bank projects. . Consulting companies generally have World Bank project experience. In the preparation of feasibility study, environmental impact assessment and resettlement plan reports, the consulting company has the rights and obligations of preliminary review, and can provide supplementary or revised opinions to the project office; it can also propose planning adjustments; It can help the project office prepare financial, economic and social analysis, and procurement plan reports that are consistent with the requirements of the World Bank. Finally, before the project evaluation, the World Bank will require the consulting company to provide 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 pre-project preparation work of the project office, the lender, but also helps the lender, the World Bank, to provide feedback to the World Bank after the preliminary review of the project, playing a connecting role.

3． Evaluation

4. Negotiation

5. Submit to the Executive Board for approval

6. Implementation and supervision