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The World Bank Bhutan DPF with Cat DDO (P173008)

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The World Bank Bhutan DPF with Cat DDO (P173008) The World Bank Bhutan DPF with Cat DDO (P173008) Document of The World Bank Public Disclosure Authorized FOR OFFICIAL USE ONLY Report No: PGD166 INTERNATIONAL DEVELOPMENT ASSOCIATION PROGRAM DOCUMENT FOR A PROPOSED CREDIT IN THE AMOUNT OF SDR10.9 MILLION (EQUIVALENT TO US$14.8 MILLION) Public Disclosure Authorized TO THE KINGDOM OF BHUTAN FOR THE DEVELOPMENT POLICY FINANCING WITH CAT DDO April 15, 2020 Public Disclosure Authorized Urban, Disaster Risk Management, Resilience and Land Global Practice South Asia Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. The World Bank Bhutan DPF with Cat DDO (P173008) Kingdom of Bhutan GOVERNMENT FISCAL YEAR July 1 – June 30 CURRENCY EQUIVALENTS (Exchange Rate Effective as of April 6, 2020) Currency Unit: Bhutanese Ngultrum US$1.00 = BTN 76.24 ABBREVIATIONS AND ACRONYMS APA Alternative Procurement Arrangements INR Indian Rupee BTN Bhutanese Ngultrum JEE Joint External Evaluation CAD Current Account Deficit JICA Japan International Cooperation Agency Cat DDO Catastrophe Deferred Drawdown Option MoF Ministry of Finance CDA Construction Development Authority MoH Ministry of Health CDB Construction Development Board MoWHS Ministry of Works and Human Settlements CPF Country Partnership Framework NCHM National Center for Hydrology and Meteorology CPS Country Partnership Strategy NDMA National Disaster Management Authority DDM Department of Disaster Management NEC National Environmental Commission DES Department of Engineering Services NIPPP National Influenza Pandemic Preparedness Plan DHS Department of Human Settlement NKRA National Key Result Area DM Disaster Management NLC National Land Commission DMEA Department of Macroeconomic Affairs NPL Non-Performing Loan DPF Development Policy Financing NPRP National Preparedness and Response Plan DRM Disaster Risk Management BPPRP Bhutan Pandemic Preparedness and Response Plan DSA Debt Sustainability Analysis PDO Program Development Objective EA Environmental Assessment PEF Pandemic Emergency Financing Facility FY Fiscal Year PFM Public Financial Management FYP Five Year Plan RAA Royal Audit Authority GDP Gross Domestic Product RGOB Royal Government of Bhutan GLOF Glacial Lake Outburst Flood RMA Royal Monetary Authority GNH Gross National Happiness SCD Systematic Country Diagnostic GNHC Gross National Happiness Commission SDR Special Drawing Rights GRS Grievance Redress Service SOP Standard Operating Procedure GST Goods and Services Tax TA Technical Assistance HEDCP Health Emergency and Disaster Contingency WB World Bank Plan IDA International Development Association WBG World Bank Group IHR International Health Regulations WHO World Health Organization IMF International Monetary Fund . Regional Vice President: Hartwig Schafer Country Director: Mercy Miyang Tembon Regional Director: John Roome Practice Managers: Christoph Pusch, Gail Richardson Armando Guzman Escobar, Rianna Mohammed-Roberts, Task Team Leaders: Naho Shibuya The World Bank Bhutan DPF with Cat DDO (P173008) TABLE OF CONTENTS SUMMARY OF PROPOSED FINANCING AND PROGRAM .................... ERROR! BOOKMARK NOT DEFINED. 1. INTRODUCTION AND COUNTRY CONTEXT ...................................................................................5 2. MACROECONOMIC POLICY FRAMEWORK ....................................................................................7 2.1. RECENT ECONOMIC DEVELOPMENTS ............................................................................................ 7 2.2. MACROECONOMIC OUTLOOK AND DEBT SUSTAINABILITY ........................................................ 10 2.3. IMF RELATIONS ............................................................................................................................ 14 3. GOVERNMENT PROGRAM ........................................................................................................ 14 4. PROPOSED OPERATION ............................................................................................................ 15 4.1. LINK TO GOVERNMENT PROGRAM AND OPERATION DESCRIPTION .......................................... 15 4.2. PRIOR ACTIONS, RESULTS AND ANALYTICAL UNDERPINNINGS .................................................. 18 4.3. LINK TO CPF, OTHER BANK OPERATIONS AND THE WBG STRATEGY .......................................... 23 4.4. CONSULTATIONS AND COLLABORATION WITH DEVELOPMENT PARTNERS ............................... 24 5. OTHER DESIGN AND APPRAISAL ISSUES .................................................................................... 24 5.1. POVERTY AND SOCIAL IMPACT .................................................................................................... 24 5.2. ENVIRONMENTAL, FORESTS, AND OTHER NATURAL RESOURCE ASPECTS ................................. 26 5.3. PFM, DISBURSEMENT AND AUDITING ASPECTS .......................................................................... 26 5.4. MONITORING, EVALUATION AND ACCOUNTABILITY .................................................................. 28 6. SUMMARY OF RISKS AND MITIGATION ..................................................................................... 28 ANNEX 1: POLICY AND RESULTS MATRIX .......................................................................................... 30 ANNEX 2: FUND RELATIONS ANNEX .................................................................................................. 32 ANNEX 3: LETTER OF DEVELOPMENT POLICY ..................................................................................... 36 ANNEX 4: ENVIRONMENT AND POVERTY/SOCIAL ANALYSIS TABLE .................................................. 39 ANNEX 5: HOW THE PANDEMIC EMERGENCY FINANCING FACILITY (PEF) WORKS.............................. 40 Page 1 This operation was prepared by an IDA team consisting of Armando Guzman (Task Team Leader, SSACD), Rianna Mohammed- Roberts (Co-TTL, HSAHP), Naho Shibuya (Co-TTL, SSACD), Dechen Tshering (DRM Specialist, SSACD), Arati Belle (Sr. DRM Specialist, SSACD), Manav Bhattarai (Sr. Health Specialist, HSAHP), Sandrine Boukerche (Climate Change Specialist, SURGP), Florian Michael Blum (Sr. Economist, ESAMU), Suiko Yoshijima (Sr. Env. Specialist, SSAEN), Sabah Moyeen (Sr. Social Development Specialist, SSAS1), Shariful Islam (Social Consultant, SSAS1), Hiska Noemi Reyes (Sr. Social Development Specialist, SSAS1), Rocío Schmunis (Sr. Health Specialist, HHNGE), Savinay Grover (Sr Financial Management Specialist, ESAG2), David Mason (Urban Development Specialist, SSAU1), Vidya Venugopal (Counsel, LEGES), Mohammad Baharul Alam (Senior Executive Assistant, SACBD), and Rosemary Birungi Kyabukooli (Program Assistant, SSACD). This operation was prepared under the general guidance of Mercy Miyang Tembon (Country Director, SACBB), Sameh Naguib Wahba Tadros (Global Director, SURDR), John Roome (Regional Director, SSADR), Christoph Pusch (Practice Manager, SSACD), E. Gail Richardson (Practice Manager, HSAHP), and Tenzin Lhaden (Acting Country Representative, SACBT). Peer reviewers were Rashmin Gunasekera (Sr. Disaster Risk Management Specialist, SLCUR), Artessa Saldivar-Sali (Sr. Municipal Engineer, SEAU1), and Mickey Chopra (Lead Health Specialist, HHNDR). The team wishes to acknowledge the collaboration with the Royal Government of Bhutan in the preparation of this Development Policy Financing operation. The World Bank Bhutan DPF with Cat DDO (P173008) SUMMARY OF PROPOSED FINANCING AND PROGRAM BASIC INFORMATION Project ID Programmatic P173008 No Proposed Development Objective(s) To support the Royal Government of Bhutan in enhancing its technical and institutional capacity to manage the risk of climate change and natural disasters including disease outbreaks. Organizations Borrower: THE KINGDOM OF BHUTAN Implementing Agency: MINISTRY OF FINANCE PROJECT FINANCING DATA (US$, Millions) SUMMARY Total Financing 14.80 DETAILS International Development Association (IDA) 14.80 IDA Credit 14.80 INSTITUTIONAL DATA Climate Change and Disaster Screening This operation has been screened for short and long-term climate change and disaster risks Overall Risk Rating Moderate Page 3 The World Bank Bhutan DPF with Cat DDO (P173008) . Results Indicator Name Baseline (2020) Target (2023) 50% of the country’s construction The interim Engineering Council of Bhutan is professionals registered and established under the DES for registering and certified by the interim Engineering certifying construction professionals based on 0% Council of Bhutan, providing technical qualification criteria. gender-disaggregated data 60% of the works above BTN10 A construction quality compliance mechanism for million (US$130,000) and 10% enforcing safe, resilient and green construction is below BTN10 million monitored established and implemented by the Construction 0% and a construction quality Development Board (CDB) compliance mechanism established and implemented by CDB for enforcement. State land for resilient, affordable and energy 3 state land sites in Thimphu and 1 state land site in Phentsholing efficient housing development is identified. 0 identified for resilient, affordable and energy efficient housing Draft National Meteorology and Hydrology Policy is 0 1 prepared for submission to the GNHC MoH carries out simulations and mock drill exercises 0 3 in accordance with the BPPRP and SOPs . Page 4 The World Bank Bhutan DPF with Cat DDO (P173008) IDA
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