Investing in Forests for Prosperity at a Time of Transformation (WB-P170798)

Countries
  • Nepal
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
U
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
Dec 2, 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 Nepal
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 24.00 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 Jun 19, 2019

Disclosed by Bank May 28, 2019


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Project Description

According to bank document, the project's objective is "to improve sustainable forest management; and increase benefits from forests and to address climate change in selected landscapes in Nepal."

The proposed project will build on the following three premises: (i) while community-based forest management is a proven concept for managing forests for conservation and subsistence it has also the potential to meet Nepal’s demand for timber and increase income through the promotion of sustainable forest management; (ii) to meet Nepal’s demand for quality timber (sawn log) and non-timber forest products (through value-addition), small and medium forest-based enterprises need to be developed; and (ii) to make informed decisions on (i)-(ii), the new structures and institutional arrangements emerging from the federalization process need to fully understand and be able to fulfill their new roles and responsibilities related to natural-resources management, including forests.

The project will have 4 components: 1) Policy and capacity building support for new federal structures on sustainable forest management 2) Community-based sustainable forest management 3) Forest enterprise development 4) Project management, monitoring and learning

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact:Kennan W. Rapp Title:Senior Social Development Specialist
Telephone No:5220+81098 Email:krapp@worldbank.org
Contact:Josefo Tuyor Title:Senior Environmental Specialist
Telephone No:473-7692 Email:jtuyor@worldbank.org

Task Team Leader(s):Andrew Michael Mitchell, Andrea Kutter
Safeguards Advisor ESSA: Maged Mahmoud Hamed (SAESSA

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.