Water Resources Group South Asia (IFC-600868)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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.
Voting Date
Sep 1, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.90 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 @ IFC website

Updated in EWS Aug 4, 2017

Disclosed by Bank Jun 8, 2016


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Project Description
2030 WRG is a public-private-civil society partnership, established in 2008. The objective of 2030 WRG is to accelerate water reforms and generate action to ensure water does not become a barrier to economic growth, while ensuring long-term environmental and social sustainability. <br> <br>The program covers activities in line with the 2030 Water Resources Groups (2030 WRG) A-C-T approach of operation: <br> <br> (1) Analysis - Developing hydro-economic analysis to highlight the macro water issues and catalyze water sector transformation and collective action; <br>(2) Convening - Bringing together public & private sectors, community organizations, development agencies and international organizations in structured discussions for identifying solutions for water resources management through Multi-Stakeholder Platforms and identified workstreams for engagement; <br>(3) Transformation - Implementing/ enacting policy, incentives, technical, financial, or governance-related water solutions through local stakeholders. <br> <br>The choice of priorities and initiatives to champion are determined by the Multi-Stakeholder Platform. <br> <br>2030 WRG does not itself implement the identified solutions on the ground. However, it enables the formation of partnerships, identification of implementing entities, and unlocking of funding, in tandem with the members of its Multi-Stakeholder Platforms, so that implementation can be carried out effectively. <br> <br>Current program for South Asia covers four engagements Ganga/ Uttar Pradesh, Karnataka, Maharashtra and Bangladesh. <br> <br>GANGA/ UTTAR PRADESH: <br>The Ganga/ U.P. engagement focuses on pollution reduction and water use efficiency: <br>(a) Municipal & Industrial Wastewater Treatment and Reuse: (1) Improving the enabling conditions for wastewater treatment and reuse models, and/or (2) area-based wastewater treatment action plans (e.g., Hindon river). <br>(b) Agri Water Use Efficiency and Non-Point Source Pollution Reduction: Implementation of good agricultural practices & technologies for area-specific action (e.g., Hindon) covering defined stretches of the river. <br> <br>KARNATAKA <br>At the request of the Karnataka state government, 2030 WRG has been involved in Karnataka since 2010 to tackle its growing water problems, which are impacting the Krishna and Cauvery river basins, the state's largest and most economically significant basins. <br> <br>The Karnataka engagement focuses on: <br>- Agri Water Efficiency: Facilitation of implementation roadmap and financing for technology use in agriculture. <br>- Wastewater Reuse Opportunities in Urban-Industrial Settings. <br> <br>MAHARASHTRA <br>2030 WRG's Maharashtra engagement was initiated in 2014 to focus on the agriculture sector and grow the state at 4% or more agri-GDP with the same or reduced water consumption. Key planned activities include: <br>- Technology acceleration in agriculture: Interventions for watershed development and on-farm efficiency in the agriculture sector. <br>- Urban-industrial water and wastewater management: Circular economy solutions and improvements to the enabling environment. <br> <br>BANGLADESH: <br>2030 WRG initiated its Bangladesh engagement in 2013 on the basis of interest expressed by government, industry, and research institutes for its analytical studies. <br>Key focus areas include: <br>- Water Governance: Recommendations for policy reform, institutional capacity building, access to green finance, and improved governance. <br>- Greater Dhaka Watershed (GDW) Restoration: Wastewater treatment, and aquifer & wetlands management. <br>- Agri-Water Efficiency: Introduction of water-efficient practices & technologies, innovative financing mechanisms, and market linkages.
People Affected By This Project
The program aims to reduce the water demand-supply gap in select areas, currently covering the states of Maharashtra, Karnataka, and Uttar Pradesh/ Ganga in India, as well as Bangladesh. The success of this program will be assessed against: - New instruments/solutions catalyzed through Multi Stakeholder Platforms (MSPs) and under implementation through third-parties - Partnerships: MSPs operational with established governance - Knowledge Development: Development of robust and scientific data and info, incorporating hydro-economic cost-, benefit- and risk-based analysis, to guide the development of solutions This is done by designing multi-stakeholder partnerships for closing the water gap through solutions and instruments which take the form of: - Demonstration projects to pilot innovative approaches - Large-scale programs to unlock investments in infrastructure and technology - Policy/ regulatory reforms covering incentives as well as institutional, governance and/or tariff improvements - Optimization of public and private funding through appropriate financing mechanisms. Impacts will vary by country/ state according to the specific solutions prioritized by the MSPs, but will always fall within the following four physical impact categories: (1) Reduced fresh water usage (cubic meters/ year); (2) Gross agricultural value add per m3 fresh water used ($); (3) Increased cost-effective water storage (cubic meters); (4) Reduced discharge of untreated wastewater/ polluted water (cubic meters/ year). To measure the impact on improved water resource management policies and governance, a "water governance score" is included as an additional key impact indicator. Although national/ state governments serve as the "entry" client for 2030 WRG's engagement in any country/ state, this program will convene private sector, in addition to government and civil society, as key actors for the development and implementation of solutions, and leverage the strengths of the private sector as a solution provider and innovator. NOTE: The mandate of 2030 WRG is to act as a catalyst, but for priority initiatives to be identified and implemented through the Multi-Stakeholder Partnerships. Hence the choice of which programs/instruments/solutions are developed is influenced by, but outside the direct control of, this program.
Investment Description
  • International Finance Corporation (IFC)
Estimated Total Budget $3,900,000.00 (Project budget includes all project-funded activities)
Contact Information
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