The Partnership broadened its mandate in 2019 to incorporate more flexible financing solutions beyond OBA, to keep up with the changing needs of our clients and to achieve greater impact. The name change to GPRBA marked this expansion.
In the West Bank and Gaza, decades of conflict had led to underinvestment in solid-waste management. Hebron and Bethlehem, the poorest governorates in the West Bank and home to nearly one million people, generated 20 percent of the area’s total solid waste. In 2009, 500 tons of waste produced daily were disposed of in unsanitary dumps, illegally abandoned, or burned.
This paper outlines the potential contributions of impact bonds to the World Bank Group’s Maximizing Finance for Development (MFD) approach. The MFD approach is in part a response by the World Bank Group to the 2030 Sustainable Development Agenda.
Given the significant financing gap to meet the needs of developing countries and achieve the United Nations’ Sustainable Development Goals, governments, multilaterals and other development partners are increasingly looking to the private sector to help fill this gap.
This two-paged fact sheet from the IFC's Private Advisory Services includes information on the project's background, the World Bank's role (including that of GPOBA), the PPP structure and bidding, and the post-tender results. The West Bank Solid Waste Management project, signed in September 2013, is the second project in this new sector for GPOBA, and its first one for West Bank & Gaza.
With rapid urbanization, population growth, and new economic activity, municipal solid waste is increasing at alarming rates, and is expected to almost triple in low and lower middle income countries by 2025. At the same time, solid waste management (SWM) systems in most developing countries are underfunded and suffer from a lack of planning.
With development needs outstripping public sector capacity, private sector finance and expertise are becoming increasingly important. OBA and public-private partnerships (PPPs) are innovative mechanisms for leveraging private sector investment in development solutions. OBA can add value to a PPP by ensuring that private investment benefits poor populations.