World Bank Group Current Affairs - 2020

Cambodian NGO Receive ‘Development Marketplace Award’ from World Bank Group and SVRI

A WhatsApp chatline named ‘SMARTgirl Chatline’ was implemented by a Research Team from Cambodian NGO- KHANA Centre for Population Health Research. The ‘Smartgirl Chatline’ offered 24 hours response and support against gender-based violence to female entertainment workers in Cambodia.

A cash reward of USD 100,000 was provided by the World Bank Group & SVRI- Sexual Violence Research Initiative under the Development Marketplace Award to NGO KHANA Centre for Population Health and Research for implementation of ‘Smartgirl Chatline’.

Development Marketplace Award

The Development Marketplace Award is an annual global competition under which cash reward is provided to researchers for finding preventing innovative solutions for individuals and communities from gender-based violence.

The Development Marketplace Award competition is organized and funded jointly by the World Bank Group and SVRI.

From evidences that have emerged, the COVID-19 pandemic has resulted to a lack of access to services and restrictions in freedom of movement across the world, as a result, gender-based violence against female across the world has intensified.

In the last 4 years, under the Development Marketplace Award, USD 5 Million has been awarded to research programs in more than 32 low and middle-income countries across the world.

World Bank Group approves USD 400 million for SNGRBP

Last week the Board of Executive Directors of the World Bank Group has approved a loan of USD 400 million for the rejuvenation of the Ganga River under the NAMAMI Gange Program of the Government of India. The loan approved by the World Bank Group is for strengthening the river basin.

Back in 2015, the World Bank Group has approved USD 1 billion for the First National River Ganga Basin Project. The loan approved for USD 400 million is for the Second National River Ganga Basin Project (SNGRBP).

Financing for the Project

Lending arm of the World Bank Group- International Bank for Reconstruction and Development (IBRD) will be sanctioning the loan amount. USD 381 million is the loan amount that will be sanctioned by IBRD, while USD 19 million is for the IBRD Payment Guarantee for the loan amount. The Guarantee expiry date is 18 years for the date of effectiveness. Including a grace period of 5 years, the loan amount has a maturity of 18.5 years.

Objectives of SNGRBP

  • Expand the sewage treatment infrastructure to more cities in the Ganga Basin
  • In the long term, the assets related to sewage treatment is operated and maintained effectively
  • Help develop State-of-the-art tools for National Mission for Clean Ganga (NMCG) for effective management of the riverfront
  • To help control pollution discharge, sewage networks and treatment plants will be set up in select cities across the Ganga Basin
  • New infrastructure projects will be developed under the Hybrid Annuity Model (HAM) to ensure long term effectiveness and are well maintained