Plastic free Rivers and Seas for South Asia (WB-P171269)

Regions
  • South Asia
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
May 15, 2020
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
The South Asia Cooperative Environment Programme (SACEP)
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 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)
$ 40.00 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 May 21, 2020

Disclosed by Bank Dec 11, 2019


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Project Description

According to the bank document, the project objective is " to catalyze actions that reduce the flow of plastic pollution into South Asian Seas." The project includes Component 1. Regional Competitive Block Grants to Reduce Plastic Waste ($20m).Component 2. Leveraging Private Sector Engagement and Solutions ($9m). Component 3: Promoting Educational Partnerships, Awareness, and Behavioral Change ($6m) Component 4. Strengthening Regional Integration and Project Management ($5m).

The project expected outcome are 1: Amount of plastic intercepted and/or recovered from rivers, beaches and seas; 2: Increased investment in 3R and/or A.I.R. plastic waste management (public and private sources); 3: Increased consumer/retail demand with supportive policy for circular products

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Pawan G. Patil, Karin Shepardson
Senior Economist

Borrower/Client/Recipient
The South Asia Cooperative Environment Programme (SACEP)
Abas Basir, Director General
secretariat@sacep.org

Implementing Agencies
South Asia Cooperative Environment Programme
Abas Basir, Director General
secretariat@sacep.org

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 .