Myanmar Forest Restoration, Development and Investment Project (WB-P168254)

Countries
  • Myanmar
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
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
Jun 10, 2021
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
Republic of the Union of Myanmar
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • 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)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 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)
$ 100.00 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 Mar 25, 2020

Disclosed by Bank Mar 19, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, the project aims to "improve participatory sustainable forest management and increase benefits from forests to communities in target areas.

Target areas include community forests, protected areas (public and community), and priority areas selected for forest restoration on public forest land (in watersheds, on hillsides, mangroves, etc.). Intended direct beneficiaries of project interventions would include community forest user groups, including vulnerable forest dependent communities, and sectoral government institutions. Indirect benefits will also accrue to farmers / rural communities through improved provision of environmental services by forests; national and regional governments; private sector (indirectly through improved enabling environment); and government budgets through enhanced fiscal revenue from value chain developments."

Investment Description
  • World Bank (WB)
Contact Information

1/ World Bank

Nina Doetinchem, Werner L. Kornexl

Sr Natural Resources Mgmt. Spec.

2/Borrower/Client/Recipient

Ministry of Planning, Finance and Industry

Daw Thway Thway Chit

Director General, Planning

miraithwaythway@gmail.com

3/ Implementing Agencies

Forest Department, Ministry of Natural Resources and Environmental Conservation
Tin Htun
Director, Planning Division
planning.fdhq@gmail.com

FOR MORE INFORMATION CONTACT
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

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.