India: Resilient Kerala Program for Results (AIIB-000463)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Kerala
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Education and Health
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jan 29, 2021

Disclosed by Bank Jan 15, 2021


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Project Description

According to the bank's documents, the proposed project aims to "support implementation of the two key government programs –the Rebuild Kerala Development Program (RKDP) and the State Health Mission (SHM). The Program will specifically support two Results Areas: (i) Strengthened institutional capacities and systems for managing shocks from climate change, natural disasters and disease outbreaks; and (ii) Demonstrating integrated approaches to multi-dimensional resilience at the local level.As a subset of the government programs, the boundaries of the PforR have been defined to include the following high priority sectors -Health, Road, Urban, Water Resource Management, Agriculture, Disaster Risk Financing and Insurance, Disaster Risk Management(DRM),and FiscalandGovernance."

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
World Bank (Loan) US$ 125 million

Contact Information

AIIB
Toshiaki Keicho, Sr. Investment Operations Specialist (Urban)
toshiaki.keicho@aiib.org
World Bank
Elif Ayhan and Balakrishna Menon Parameswaran
Co-Task Team Leaders
eayhan@worldbank.org, bmenonparameswar@worldbank.org
Borrower
Prasanna V. Salian
Deputy Secretary, Department of Economic Affairs, Ministry of Finance
pv.salian@nic.in

Implementation Organization/Sponsor
Mr. Rajesh Kumar Singh
Additional Chief Secretary, Finance Department, Government of Kerala
acs.finance@kerala.gov.in

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html