BRIC,G20,South Asian Association for Regional Cooperation (SAARC)
10-05-2021
Work Detail
Econsult Environmental Social Management Capacity Building In KeralaThe Kerala Infrastructure Investment Fund Board Kiifb Is Acting As Kerala States Investment Vehicle That Channels Financing To Other Public Agencies That Implement The Approved Infrastructure Projects Kiifb Has Commenced Building E S Capacity Through Developing A Draft Environmental Social Governance Esg Framework Appointment Of A Head For Its E S Department And Proposes To Hire 10 E S Professionals In The Next 6 Months However A Prior Appraisal Revealed A Low Capacity Of Kiifb To Manage E S Risks Resulting From The Absence Of An Overarching E S Management System Esms Moreover All Projects Managed By Kiifb Including Those That Are Currently Being Explored By Ifc Do Not Undergo A Formal E S Review The Project Implementing Agencies Themselves Such As Kerala Water Authority Also Lack Formal Esmss For Construction And Operation Phases Threatening Non Compliance With Ifcs Performance Standards During Both Construction And Operation Phases In Parallel Ifc Is Considering To Extend A Loan To Kiifb To Finance Critical Green Infrastructure Across Two Components Specifically Several Water Supply Projects And Hospital Expansions
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