Punjab Green Development Program (WB-P165388)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Specific Location
Punjab
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.
Bank Risk Rating
C
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 25, 2018
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
Islamic Republic of Pakistan
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • 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)
$ 200.00 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)
$ 273.00 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 Aug 8, 2018

Disclosed by Bank Mar 11, 2018


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Project Description

The proposed objective of the project 'Punjab Green Development Program' is to strengthen environmental governance and promote green investments in Punjab. According to website of the World Bank, the Program will cover two results areas:

(a) Strengthening environmental governance: The results area will aims to restructure the provincial Environmental Protection Department(EPD), reforming the environmental regulatory regimes, and building the EPD’s capacity to deliver transparent and efficient environmental management services to both public and private sectors.

(b) Promoting green investments: The second results area aims to promote green investments in both the public and private sectors and developing green financing schemes to finance such investments beyond the implementation period of this Program.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Jiang Ru
Title: Sr. Environmental Specialist
Email: jru@worldbank.org

Borrower/Client/Recipient
Contact: Mr. Iftikhar Sahoo
Title: Secretary, Planning and Development Department, Government of Punjab
Tel: +92-333 433 4777
Email: secretary@pndpunjab.gov.pk

Implementing Agencies
Name of Agency: Environmental Protection Department, Government of Punjab
Contact: Saif Anjum
Title: Secretary
Tel: +92-429 910 109
Email: anjum_saif@yahoo.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.