UNICARIBE Inclusive Higher Education (IDBI-12659-02)

Countries
  • Dominican Republic
Where the impacts of the investment may be experienced.
Specific Location
Santo Domingo
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
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 21, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Universidade del Caribe
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Education and Health
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, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 9, 2020

Disclosed by Bank Nov 4, 2020


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Project Description

The proposed operation consists of a loan to finance UNICARIBE's 2019-2020 Strategic and Investment Plan (the “Project”), aimed at: (i) increasing the plant and physical capacity of the university, including finalizing the conditioning of a new academic and administrative building in Santo Domingo of approx. 6,400 m2, as well as the construction and opening of a new satellite campus in Monte Plata (“Recinto Monte Planta”) located in the City of Knowledge of said City; (ii) increase, in the short term, the offer of academic programs at the University with new careers and technical studies in order to offer knowledge aligned to the current training needs of the Dominican Republic; (iii) acquire and implement specialized software for distance learning to strengthen current platforms and capacities; and (iv) renovate and improve physical facilities with new equipment and laboratories.

Investment Description
  • IDB Invest (IDBI)

The investment ammount was not available at the moment of the snapshot.

Private Actors
Contact Information

For questions about the Project, please contact:

Name: Alberto Bonetti
Title: Executive Director
Telephone number: +1 (809) 543-7107
Email: al.bonetti@unicaribe.edu.do

 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

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 (IDB Invest)-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 IDB Invest 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).