Monthly Operational Summary of Bank and ida proposed Projects

Second Water and Sanitation Services Improvement Project: Objective to be Determined. Identification completed on 6 June 2016. Environmental Assessment Category B. US$ 300.0 (IDA Credit). Consulting services to be determined. Implementing agency(ies) to be determined.

(N) KE Kenya Urban Water and Sanitation - Test: Every three years, donors, borrower representatives and Bank Group management meet to agree on a policy and financing package for countries eligible for support from IDA, the World Bank's fund for the poorest. In case you haven't heard, this is that year. And is it ever a big year.

"This is a critical IDA replenishment," says Managing Director and Chief Operating Officer, Sri Mulyani Indrawati. "The World Bank will use its balance sheet in new and innovative ways to leverage additional resources, but we also need the commitment of our shareholders to continue to invest in IDA so we have the resources needed to fight extreme poverty at a higher scale, and help the world's poorest countries tackle the most pressing development challenges."

At the June 21-24 meeting, taking place in Nay Pyi Taw, Myanmar, delegates will discuss a groundbreaking proposal for leveraging IDA's financing framework—representing the most radical transformation in IDA's 55-year history. The proposal seeks to leverage IDA's equity by blending donor contributions with funds raised through debt markets, thus enabling it to provide clients with billions of dollars in additional resources.

"With the support of donors and borrowers, this innovative approach to financing could leverage IDA's equity like never before, mobilizing resources for development on a larger scale and with greater involvement of the private sector," says Managing Director and WBG Chief Financial Officer, Joaquim Levy. Under the proposal, every dollar in partner contributions would be leveraged by a factor of 3 in spending authority, up from a factor of 2 in IDA17. Identification completed on 20 June 2016. Environmental Assessment Category A. US$0.3/0.3 (IBRD/IDA Credit). Consulting services to be determined. NEPAL; Ministry of Federal Affairs and Local Development.