Sustaining Climate and Disaster Risk Resilient and Low Carbon Development in South Asia (ADB-46470-003)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • Bhutan
  • India
  • Maldives
  • Nepal
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 24, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Energy
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 7, 2021

Disclosed by Bank Dec 24, 2018


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The rationale of this project is in line with two policies of ADB, i.e  'Strategy 2030:Achieving a Prosperous, Inclusive, Resilient, and Sustainable Asia and the Pacific' and 'Climate Change Strategic Framework 2017-2030'. As stated in these policies, ADB vows to support its Developing Member Countries (DMC's) in "tackling climate change, building climate and disaster resilience, enhancing environmental sustainability, and strengthening governance and institutional capacity". 

This project is in the form of Transactional Technical Assistance (TRTA). According to the bank document, " the proposed TRTA facility will scale-up activities of and build upon outputs from South Asia Department's (SARD) earlier regional climate change initiatives such as the small-scale capacity development TA 8292-REG: Preparing for Climate Action South Asia and the regional knowledge support TA 8572-REG: Action on Climate Change in South Asia."

* The bank states that TRTA is a form of technical assistance that directly benefits a project or is financed by ADB for the purpose of various services such as project preparation, project implementation report or policy advice. TRTA can also help develop a public–private partnership as part of transaction advisory services. (https://www.adb.org/business/how-to/what-adb-technical-assistance-ta)

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Technical Assistance


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Responsible ADB Officer Zheng, Liping
Responsible ADB Department South Asia Department
Responsible ADB Division Office of the Director-General, SARD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

 

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main

 

How it works

How it works