Written Assignment Unit 2

Various projects are handled by international financial institutions (IFI) on a yearly basis. It is

your task to give one gold, one silver, and one bronze medal to each chosen project.

For each medal you give out, you must state the following:

 Name and detailed description of the project.

 Name of the IFI that handled the project.

 Type of medal (gold, silver, or bronze).

 Positive impacts and how they could have been even more impactful.

 Negative impacts and how they could have been avoided.

We will explore three distinct projects, analyzing their positive and negative impacts, and how

they could have been even more impactful. Remember, these are just a few examples, and there

are many other incredible projects out there deserving recognition.

Gold Medal:

Project Name: The Clean Oceans Initiative

Description: The Clean Oceans Initiative is a project led by the World Bank to reduce marine

pollution and improve the health of oceans worldwide. It includes initiatives to reduce plastic

waste, improve waste management practices, and promote sustainable fishing practices.

IFI: World Bank

Positive Impacts: The project has helped raise awareness about the importance of clean oceans

and has led to tangible reductions in marine pollution in several regions. It has also encouraged

collaboration between governments, NGOs, and businesses to address marine pollution.

How They Could Have Been More Impactful: The project could have been more impactful by

involving more countries and scaling up successful interventions. Additionally, greater emphasis

on education and behavior change could have led to more sustainable practices among

communities and industries.

Negative Impacts: One potential negative impact of the project could be unintended

consequences on local economies dependent on industries that contribute to marine pollution,

such as fishing and tourism. These impacts could have been avoided through the implementation

of comprehensive transition plans to support affected communities.

Silver Medal:

Project Name: The Renewable Energy for All Initiative

Description: The Renewable Energy for All Initiative, led by the International Monetary Fund

(IMF), aims to increase access to clean and affordable energy in developing countries. It includes

initiatives to invest in renewable energy infrastructure, improve energy efficiency, and promote

sustainable energy practices.

IFI: International Monetary Fund (IMF)

Positive Impacts: The initiative has helped reduce reliance on fossil fuels and has increased

access to clean energy in several developing countries. It has also contributed to job creation and

economic development in these regions.

How They Could Have Been More Impactful: The initiative could have been more impactful by

providing greater financial and technical support to countries with limited resources. It could also

have focused more on building local capacity for sustainable energy development.

Negative Impacts: One potential negative impact of the initiative could be the displacement of

communities and disruption of livelihoods due to the construction of renewable energy

infrastructure. This could have been avoided through comprehensive social impact assessments

and community engagement processes.

Bronze Medal:

Project Name: The Water for All Program

Description: The Water for All Program, led by the Asian Development Bank (ADB), aims to

improve access to clean and safe water in Asia and the Pacific. It includes initiatives to invest in

water infrastructure, improve water management practices, and promote water conservation.

IFI: Asian Development Bank (ADB)

Positive Impacts: The program has helped improve access to clean water for millions of people in

Asia and the Pacific. It has also contributed to improved health outcomes and economic

development in the region.

How They Could Have Been More Impactful: The program could have been more impactful by

addressing the root causes of water scarcity, such as unsustainable water management practices

and climate change. It could also have focused more on building resilience to water-related

disasters.

Negative Impacts: One potential negative impact of the program could be the displacement of

communities and environmental degradation due to the construction of water infrastructure. This

could have been avoided through the implementation of comprehensive environmental impact

assessments and community engagement processes.

References:

1. https://www.worldbank.org/en/news/video/2023/04/20/scaling-up-to-phase-down-for-a-clean-

energy-transition

2. https://www.adb.org/where-we-work/south-asia

3. https://www.iadb.org/en/who-we-are/topics/social-protection/early-childhood-development