601760
Environment, Social and Governance
Jul 4, 2017
Nepal
South Asia
Nov 7, 2016
Completed
Estimated Total Budget Pending
(Project budget includes all project-funded activities)
Jun 16, 2024
Nov 7, 2016
Jun 30, 2020
This program will contribute to addressing investor E&S risks in the hydropower sector related to social-economic tensions and to building contextual resilience in Nepal. It is designed to respond to requests from the Government of Nepal (GoN) and the private sector for support on E&S issues at the sector and project level to a) level the playing field on E&S; b) create solution-oriented private-public sector stakeholder engagement platforms to untangle hurdles around complex E&S issues; c) reduce contextual sector/country risks; and d) build capacity among the public and our clients on the PSs. This program will specifically mainstream gender into the decision-making process as well as assure differentiated negative impacts on women are avoided. IFC will help to address social-economic tensions, enhance social integration, build contextual resilience by using best efforts to assure shared prosperity and providing instruments to help communities leap frog out of poverty. This program will also respond to post-earthquake needs of IFCs project partners, the communities, and strengthen the relationship between the two, at a time when, post-earthquake communities are highly vulnerable.