Nepal Sustainable Tourism Value Creation (WB-P165130)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Specific Location
Annapurna Conservation Area, Manaslu Conservation Area, The Bardia and Banke National Parks
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
A
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
Mar 27, 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
Goverment of Nepal
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 80.00 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)
$ 80.00 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 Nov 26, 2018

Disclosed by Bank Jul 19, 2018


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Project Description

According to the bank website, "to establish favourable conditions to enhance the value creation, sustainability and inclusiveness of the tourism sector at selected destinations."

The project has four components:
1. Demonstrate formulation and implementation (at selected destinations) of integrated tourism planning,
2. Support local communities, small and medium enterprises, tourism developers, and tourism workers to enhance and diversity their offering and skills,
3. Enhance institutional and regulatory capacity for promoting sustainable tourism investments,
4. Ensure efficient and effective management of project activities. The demonstration of the integrated planning approach to destination development at selected destinations is expected to have a catalytic effect in other parts of Nepal.
Investment Description
  • World Bank (WB)
Contact Information

World Bank

Philippe De Meneval, Tijen Arin

Lead Private Sector Specialist

Borrower/Client/Recipient

Ministry of Finance of Nepal

Implementing Agencies

Ministry of Culture, Tourism and Civil Aviation

Maheswor Neupane

Secretary

mneupane@tourism.gov.np

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 .