Original disclosure @ WB website
Updated in EWS Apr 24, 2022
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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.
Stephen Danyo, Sector Leader
Ministry of Finance
Madhu Kumar Marasini
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