10/7/2023 0 Comments Life cycle![]() 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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