PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600640

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Feb 11, 2016

Country

Colombia

Region

Latin America and the Caribbean

IFC Approval Date

Jun 26, 2015

Status

Completed

Estimated Total Budget

$313,833.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 26, 2017

Project Estimated End Date

Mar 31, 2016

Project Description

The World Bank Group is required to follow the recommendations of the World Bank Group's Framework and IFC's Strategy for Engagement in the Palm Oil Sector prior to considering any involvement in the sector. This framework requires a thorough review of issues surrounding a sustainable growth of the sector. This project will therefore collect and validate information that will identify major issues affecting the sector and opportunities to support sustainable practices and strengthening of the supply chain.

Project activities will include:
1. Data collection
2. Analysis of regulatory framework, social conditions for smallholders and local communities, environmental and social practices implemented by the various segments of the supply chain, competitiveness of the sector.
3. Validate information collected and analysis with selected processing firms, NGOs, local authorities and producers

Development Results

E&S Risks / Impacts and Mitigation