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                   Kenya: Kenya Water Security and Climate Resilience Project

                                    SUMMARY OF DISCUSSION ∗

                                  Meeting of the Executive Directors

                                              June 18, 2013



       Executive Directors approved the credit to the Republic of Kenya for the Kenya Water
Security and Climate Resilience Project in the amount of SDR 103.4 million (US$155 million
equivalent) on the payment terms and conditions set out in the President’s Memorandum
(IDA/R2013-0145).

         Directors emphasized the vital issue of water security and climate resilience for Kenya,
and welcomed the Bank’s collaboration with the Kenyan authorities on this critical agenda.
They welcomed and encouraged the Government’s long-term plans for the sustainable
development of water resources, while highlighting the importance of developing an overarching
institutional and legal framework for investment in the sector.

        Directors took note of the careful analysis of risk and the measures put in place to
mitigate them, underscoring the importance of governance and institutional capacity. In this
regard, they called for vigilant monitoring and evaluation, as well as regular reporting. Directors
appreciated the program’s potentially beneficial impact on food security, public health, improved
nutrition and raising incomes and encouraged attention to land ownership issues and ensuring
that gender is factored into the design and implementation of the Program. Directors welcomed
the preparation of a long term framework for future safeguards management and urged
maintaining high standards in this respect.

        Believing that the private sector could play an important role in developing water
infrastructure in Kenya, Directors encouraged the IFC and MIGA to engage as early as possible.
More broadly, Directors acknowledged the donor cooperation taking place on the ground and
encouraged ongoing efforts in this regard. Recognizing the innovative features of this approach,
Directors encouraged Management to ensure effective knowledge transfer both to inform
implementation in Kenya and to replicate successes elsewhere.




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    This summary is not an approved record.