| World Bank Project Cycle |
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| Identification | Joint Borrower/Bank Responsibility
- Sources of project ideas · Bank economic work · prior projects · other agencies - Initial summary of project approved by country department |
Project Information Document (PID) |
| Preparation | Responsibility of the Borrower
- Technical/financial assistance available from: · Borrower/Bank · other agencies (bilateral donors, Trust Funds) - Studies (economic, technical, institutional, financial, environmental and social) Project summary revised by the Bank |
Technical information
Environment Assessment (EA) revised PID Resettlement Action Plan IPDP |
| Appraisal | Responsibility of Bank
- Evaluation of project viability: · economic · technical · institutional · financial · environmental · social |
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| Negotiations | Joint Borrower/Bank Involvement
- Borrower reviews final documents - Terms and conditions of loan agreed |
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| Approval | - Board of Directors of the Bank approves loan
- Signing of loan agreement by both parties |
Staff Appraisal Report (SAR) or Technical Annex (TA) |
| Implementation/ Supervision | - Loan declared ready for disbursement
- Implementation by Borrower - Supervision by Bank |
Legal Agreement |
| Ex Post Evaluation | - Completion and audit reports
- Analysis used for future project design |
Impact studies |