Green Resilient Growth DPF (WB-P159956)

Countries
  • Laos
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
May 31, 2017
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
Government of Laos
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Energy
  • Law and Government
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)
$ 38.60 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)
$ 38.60 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 @ WB website

Updated in EWS Jul 19, 2017

Disclosed by Bank Nov 10, 2016


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Project Description
The First Programmatic Green Growth Development Policy Operation Project for Laos is to support the Government of Lao People's Democratic Republic (PDR) in achieving fiscal stability and consolidating its pathway towards green growth. This program document describes a development policy credit in the amount of special drawing rights (SDR) 28.5 million to the Government of the Lao PDR (GoL), the first in a series of three single-tranche programmatic development policy financing (DPF) operations. Lao PDR has achieved rapid economic growth in recent years and poverty has declined, but inequality has increased and natural resources are being depleted. Economic growth in Lao PDR has relied on the exploitation of its natural resources and is not sustainable because of the depletion of the resources and increasing adverse environmental effects. The reforms program will incorporate green growth principles across the national development strategy and selected sectors. Pillar one will support economic management actions aimed at addressing key macroeconomic risks. Pillar two will provide the cross-sectoral foundation for improved direction, planning, and accountability to make the sectors of growth cleaner, more resource-efficient, and resilient. Pillar three will initiate implementation of targeted actions to reduce the environmental impacts of hydropower, logging, and agriculture, and ensure that growth generated from these sectors is sustainable in the long term. Pillar three will also initiate implementation of targeted actions to control air, water, and soil pollution, and improve environmental quality
Investment Description
  • World Bank (WB)
Contact Information
Ms. Phonevanh Outhavong Title: Acting Director General, Department of Planning, Ministry of Planning and Investment Tel: (856) 030 5059165 Email: outhavongphonevanh@gmail.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.