$5m WB grant for biogas plan
Kathmandu, October 4:
The Global Partnership on Output Based Aid (GPOBA) today signed a grant agreement of US $5 million with the government for co-financing the installation of 37,000 biogas plants under the fourth phase of the Biogas Support Programme (BSP-IV).
Issuing a press release, the World Bank stated today that the grant signed with the Government of Nepal is funded by the DFID. The project complements user contributions by the target group with an output-based subsidy to foster local ownership and increase the reach of donor funding.
Since 2006, the BSP-IV is benefiting from funding of the World Bank’s Community Development Carbon Fund in exchange for reductions of emissions of greenhouse gases.
The GPOBA is a multi-donor trust fund established in 2003 for developing output-based aid approaches across a variety of sectors, including infrastructure, health and education.