IDB Invest is considering an investment of up to BRL 80 million in senior shares of FIDC Maua Saneamento (the "Fund"), a credit rights investment fund to invest in credit transactions related to receivables arising from services rendered to basic sanitation concessionaires focused on projects seeking to reduce water leaks, energy efficiency and depollution of rivers.
The Project aims at contributing to achieve universal access to basic sanitation services in Brazil. IDB Invest's involvement is expected to help the Fund to reach the levels necessary for its investment strategy to be effectively implemented. In addition, IDB Invest will render advisory services to disseminate knowledge and strengthen practices related to energy efficiency, circular economy and corporate governance in the sector.
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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).