Early Warning System

Countries

Ecuador

Geographic location where the impacts of the investment may be experienced.

Specific Location

province of Manabí, Manta district

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

IDB Invest (IDBI)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Hospital Especialidades Umina Hospiumina S.A.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Education and Health
Infrastructure

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 16.90 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 25, 2019

Disclosed by Bank Aug 16, 2019

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Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Hospital Especialidades Umiña, Hospiumiña S.A. “Hospital Umiña” (“Hospital de Manta” or “the Project”), covers the construction and operation of a hospital facility that includes 47 hospital rooms, 2 delivery rooms, 8 ICU (intensive care unit) beds, 5 neonatal bassinets, 4 operating rooms, 10 post-surgery recovery beds, 10 emergency unit stretchers (2 pediatric). The gross construction area of the project is 11,259 m2 and it will be located in the province of Manabí, Manta district, in a residential area (Barrio Umiña). The Project will be implemented in lots C and D , with an area of 5,357 m2 and 5,122 m2, respectively, owned by HOSPIUMIÑA Compañía Anónima . Construction will take place in approximately 12 months.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

IDB Invest (IDBI)

Sponsoring entity: Grupo Visión

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

Client Contact name: Francisco Aviles Duenas
Title: Renazzo General Manager
Phone number: (593) 3949760 ext. 101
Email address:
faviles@renazzo.ec