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Bhutan - Environmental Conservation Trust Fund Project (English)

This is the Implementation Completion Report for the Trust Fund for Environmental Conservation Grant in Bhutan. The overall outcome of the project is rated highly satisfactory; the performance of the World Bank is rated satisfactory and the performance of the Royal Government of Bhutan (RGOB) was rated satisfactory. Lessons learned from this project are as follows: (i) Legal framework - It is essential for trust funds to have a legal framework to institutionalize collaboration between donors and recipients, make decision making and implementation transparent, and make management accountable. (ii) Benchmarks - Concrete conservation program benchmarks during the first five years served as useful incentives, as clear indicators of achievement, and as mechanisms to mobilize donor support additional to that which was initially provided by the trust fund. It would have been helpful if the benchmarks addressed not only conservation program achievements, but also institutional development of the trust fund entity itself. (iii) Start-up Funding - World Wildlife Fund. U.S. (WWF-US) provided valuable support during the start-up of the benchmark activities, separate from the uncertain investment income. During the initial period of trust fund establishment, it is essential to have reliable funding that does not depend upon investment income. (iv) Donor Support - RGOB's strong reputation for integrity in governance, its demonstrated commitment to conservation, and the small size of the country (with associated support from interested European countries) all contributed to willingness of donors to make relatively large contributions. These conditions may limit the likelihood of replicating comparable levels of support for trust funds in many other countries.

Details

  • Document Date

    1998/04/02

  • Document Type

    Implementation Completion and Results Report

  • Report Number

    17642

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Bhutan,

  • Region

    South Asia,

  • Disclosure Date

    2010/07/01

  • Doc Name

    Bhutan - Environmental Conservation Trust Fund Project

  • Keywords

    protected area;conservation program;change in exchange rate;monitoring and evaluation mechanism;food and agriculture organization;comprehensive monitoring and evaluation;integrated conservation and development;real rate of return;national protected areas system;financial reporting;prudent financial management;environmental trust fund;lack of authority;assessment of outcome;conservation of biodiversity;financial asset management;level of support;annual work plans;danish international development;implementing conservation activities;financial management arrangement;Natural Resource Management;forest management planning;financial management aspects;local government structure;buffer zone management;natural resource base;procurement and disbursement;species of flora;conflicts of interest;country assistance strategy;behavior of investment;biodiversity conservation objective;Country Assistance Strategies;seminars and workshops;Foreign Exchange Reserve;investment income;program development;biological diversity;program priorities;donor support;national system;financial arrangement;collaborative relationship;nature conservation;overseas training;global benefit;baseline survey;legal framework;initial capital;appraisal mission;Institutional Sustainability;long-term conservation;financial sustainability;environmental conservation;conservation activity;indirect impact;multilateral donor;legal expertise;wildlife sanctuary;funding proposal;local capacity;funding policy;land area;grant design;fund performance;study including;financial issue;donor financing;non-governmental organization;conservation fund;refresher course;biodiversity information;donor representative;statistical table;environmental sector;

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Citation

Bhutan - Environmental Conservation Trust Fund Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/162221468768609506/Bhutan-Environmental-Conservation-Trust-Fund-Project