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10 WB projects listed as risky, potentially risky


KATHMANDU- A majority of World Bank-funded projects are facing a slack implementation or are not in a condition to meet the set objectives with the global lender terming them risk y and potentially risky.

According to the World Bank, five of its projects are in the risky category and another five are in the potential risk y category. This means that 10 out of the total 18 projects operating as of the last fiscal year are either risk y or potentially risky.

The World Bank has termed projects that cannot meet the set objectives and those that suffer from very slow implementation as risk y projects and those failing to meet three out of the 12 indicators of performance are considered as potentially risk y projects.

The indicators are usually related to financial management, auditing, disbursement, procurement management, safeguard measures and quality of procurement.

Out of the total allocated resources of $ 1,328 million, 58 percent belongs to risk y and potentially risk y projects, according to the World Bank.

Although the global lender had aimed to bring down the number of risk y projects and potentially risk y projects to two each, the target was not met as even more projects were added in the list of risk y and potentially risk y projects.

In the previous fiscal year, there were only two projects in the risk y category and four in the potentially risk y category. The biggest donor to the country has termed the rising number of risk y projects as alarming.

Among the projects that have been categorized as risk y are the EmergingTowns, Enhanced Vocational Education and Training Project (EVENT), Community Action for Nutrition, Building Resilience to Climate Related Hazards and Bridges Improvement and Maintenance Programme.

The potentially risk y projects are the Nepal Health Sector Programme 2 (NHSP-2), School Sector Reform Project (SSRP), Kabeli,  Irrigation and Water Resources Management Project (IWRMP) and Road Sector Development Project (RSDP).

According to an official of the World Bank, the EmergingTowns and Bridges Improvement projects are not in a position to meet the objective while three other projects have been facing implementation slackness.

No consultant has been appointed for the Emerging Towns project as per the plan whose objective is to improve delivery and sustainable provision of basic services and priority infrastructure in the participating municipalities. The project is being operated in Sunsari, Palpa, Kaski, Jhapa, Dhankuta and Baglung, according to the World Bank website.

The objective of the Bridges Improvement project is to provide safe, reliable and cost-effective bridges on the country’s strategic road network.

“There have been procurement, governance, safeguard and disbursement-related problems in the project,” said the World Bank official. “The development objective is also unlikely to be met from this project,” the official added.

Among the potential risk y projects, there are some problems related to financial management in the SSRP and delays in obtaining the forest entry permit from the Forest Ministry in the case of Kabeli. In the case of the RSDP, NHSP and IWRMP, delayed submission of acceptable financial monitoring reports to the World Bank has been identified as a problem.

The World Bank official said that more projects being listed in the risk y and potentially risk y categories means that there has been increased problems in the quality of work during the implementation of the project.

Problems related to cost estimates, complaints regarding technical specifications and qualification criteria, cancellation of bids, non-performing contracts, weak contract management, poor quality of civil works, poor environmental safeguard performance, continued trend of spending the budget allocation in the last trimester and non-compliance with the procurement plan have been mentioned as being among the problems being faced by the projects during their implementation.

Rising Risk

Portfolio                     No of projects    Commitment aid ($)    % of commitment

Problem projects                     5                  586m                      44

Potential problem projects    5                  189m                       14

Projects-at-Risk                       10                775m                      58

Others                                        8                  553m                      42

Total                                            18               1328m                    100

Source: World Bank

 

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Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point
Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point