Water Resource Group East Asia (IFC-601179)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Mongolia
  • Vietnam
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
Jan 14, 2016
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.
Borrower
2030 WRG
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.07 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 3.07 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 31, 2019

Disclosed by Bank Nov 16, 2016


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Project Description

This program aims to reduce the water demand-supply gap in select countries in East Asia, currently focusing on Mongolia and Vietnam, with a third country under scoping. The success of this program will be assessed against:

(I) Instruments/Solutions: New instruments catalyzed through Multi-Stakeholder Partnerships (MSPs) and under implementation through third parties

(II) Partnerships: MSPs operational with established governance (III) Knowledge Development: Development of robust & scientific info, incorporating hydro-economic cost-, benefit- and risk-based analysis, to guide the development of solutions Instruments/ solutions towards closing the water gap identified by the MSPs under point (I) above will include: (i) Demonstration projects to pilot innovative approaches; (ii) Large-scale programs to unlock investments in infrastructure and technology; (iii) Policy/ regulatory reforms covering incentives as well as institutional, governance and/ or tariff improvements; (iv) Optimization of public and private funding through appropriate financing mechanisms. Impacts will vary by country according to the specific solutions prioritized by the MSPs, but will always fall within the following four physical impact categories: (1) Reduced freshwater usage (cubic meters/ year); (2) Gross agricultural value add per m3 fresh water used ($) (to be normalized for commodity price changes); (3) Increased cost-effective water storage (cubic meters/ year); (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 governments serve as the "entry" client for 2030 WRG's engagement in any country, 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)

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.

The program covers activities in line with the 2030 Water Resources Groups (2030 WRG) A-C-T approach of operation:
(1) Analysis - Developing hydro-economic analysis to highlight the macro water issues and catalyze water sector transformation and collective action;

(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;

(3) Transformation - Implementing/ enacting policy, incentives, technical, financial, or governance-related water solutions through local stakeholders.

The choice of priorities and initiatives to champion are determined by the Multi-Stakeholder Platform.

MONGOLIA:

The Mongolia program focuses on the following workstreams:

1. Water Demand Reduction & Water Supply Augmentation
2. Water Valuation and Incentives for Sustainable Water Resources Management
3. Capacity Building and Collaboration amongst Stakeholders

VIETNAM:

2030 WRG has conducted initial scoping missions and met with key government officials and other stakeholders, who endorsed the need for an analysis of Vietnam's water resources. 2030 WRG is conducting a water sector analysis to be guided by a multi-stakeholder advisory group to identify thematic priorities.

Contact Information

*No contact information is available*

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