Himachal Pradesh: Forests for Prosperity Project (WB-P163271)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Himachal Pradesh
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Bank Risk Rating
B
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
Feb 15, 2019
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 India
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
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)
$ 50.00 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)
$ 62.50 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 Jan 17, 2019

Disclosed by Bank Nov 21, 2017


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Project Description

According to the bank document, the project's objective is to improve forest management and communities’ access to markets in selected watersheds in Himachal Pradesh.
The project key results include:

  • Selected forest land managed in accordance with site-specific management plans
  • Productive alliances operational according to a business plan (number); target of 50 percentwith women-only groups
  • Share of target beneficiaries with rating ‘Satisfied’ or above on process and impact of project interventions
Investment Description
  • World Bank (WB)

Co-financing:
Borrowing Agency US$ 12.5 million

Contact Information

World Bank
Marcelo Hector Acerbi
Senior Environmental Specialist
Meredith Mercedes Stickler
Agric. Economist

Pyush Dogra
Senior Environmental Specialist

Borrower/Client/Recipient

Republic of India
Lekhan Thakkar
Director (MI)
lekhan.t@gov.in

Implementing Agencies

State of Himachal Pradesh
Anil Kumar Khachi
Additional Chief Secretary (Finance)
finsecy-hp@nic.in

Himachal Pradesh Forest Department
Tarun Kapoor
Additional Secretary (Forests)
tarun.kapoor@nic.in

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 .