Bangladesh - FIP Investment Plan Preparation Project (WB-P160234)

Countries
  • Bangladesh
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Nov 16, 2016
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
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.25 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.
Project Cost (USD)
$ 0.25 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 @ WB website

Updated in EWS Jul 31, 2017

Disclosed by Bank Jul 19, 2016


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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 development objective of the FIP Investment Plan Preparation Project for Bangladesh is to support the preparation of the Bangladesh Forest Investment Plan that meets the criteria of the Forest Investment Program. The proposed financing instrument is a 250,000 dollars grant from the Climate Investment Funds (CIF) through the Forest Investment Program and will be channeled using the procedures for a small (less than $5 million) recipient-executed trust fund (RETF). The bulk of the project activities are expected to be completed within one year (the Investment Plan is expected to be submitted to the June 2017 FIP Committee meeting) but the grant is for two years to allow for completion of residual commitments.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.
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. CONTACTS World Bank Contact: Madhavi M. Pillai Title: Sr Natural Resources Mgmt. Spe Tel: 458-0844 Email: mpillai3@worldbank.org Contact: Tapas Paul Title: Senior Environmental Specialis Tel: 5785+47738 / Email: tpaul@worldbank.org Borrower/Client/Recipient Name: Economic Relation Division, Ministry of Finance Contact: Kazi Shofiqul Azam Title: Mr. Tel: 880-2-9180675 Email: addl-secy2@erd.gov.bd Implementing Agencies Name: Bangladesh Forest Department Contact: Md. Yunus Ali Title: Mr. Tel: 880-2818-1737 Email: ccf-fd@forest.gov.bd

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