First Nepal Green, Resilient and Inclusive Programmatic DPC (WB-P177776)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Nepal
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 15, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Nepal
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Apr 24, 2022

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

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to World bank documents, the  development objective of the proposed investment is to improve the enabling environment for Nepal's green, climate-resilient, inclusive development pathway . is to improve the enabling environment for Nepal's green, climate-resilient, inclusive development pathway.

The objective is supported by two pillars: Pillar 1 aims to consolidate GRID principles in strategic development planning across sectors. Pillar 2 aims to support sectoral transitions to green, resilient, and inclusive development pathways.

The results of Pillar 1 are: (i) increased percentage of electric passenger vehicles registered, (ii) increased percentage of registration of internal combustion engine (ICE) cars and trucks that are Euro 4 technology complaint, (iii) adoption of an effective, inclusive, and transparent rural land classification and planning system, (iv) installed and operational hydrological monitoring stations and radar, in additional locations, generating more frequent and reliable information, (v) usage of at least one Social Protection program’s delivery system for the provision of relief and recovery in response to a shock due to an adverse natural event, and (vi) increased number of Strategic Environmental and Social Assessments undertaken for public policies, programs, and strategic plans.

The results for Pillar 2 are: (i) improved concessions issued for tender under the Tourism Promotion Procedures in Protected Areas, (ii) increased land covered by an approved forest management plan in line with the Forest Regulation,(ii) additional women and members of indigenous communities formally benefitting from the Access to Benefit Sharing scheme, (iv) increased proportion of sectoral spending at the federal and provincial levels for climate smart agriculture investments, (v) River Basin Offices established at the river basin level, and (vi) higher investment flows to Solid Waste Management at federal and local levels, from both public and private sources.

Approved on 24th Feb 2022.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank

Stephen Danyo, Sector Leader

 

Implementing Agencies

Ministry of Finance


Madhu Kumar Marasini

Secretary madhu.marasini@mof.gov.np

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works