Sub-National Doing Business - Central America and Dominican Republic (IFC-599726)

Countries
  • Dominican Republic
  • El Salvador
  • Guatemala
  • Honduras
  • Nicaragua
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Voting Date
Dec 27, 2013
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.60 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.
Project Cost (USD)
$ 0.60 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank Feb 27, 2014


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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.
From the IFC: The regional and subnational Doing Business project in Central America and the Dominican Republic will produce baseline data on four Doing Business areas that are actionable at the national and local level and where subnational differences are more likely to occur: Starting a Business, Dealing with Construction Permits, Registering Property and Trading Across Borders. The first three will be analyzed in 22 locations (7 capitals and 15 subnational cities -3 per country) in the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua. The trading across borders indicator will cover main and secondary maritime ports and include an analysis on documents required for intra-regional trade. The project will also incorporate a gender component based on data from the 'Women, Business and the Law 2014 (WBL)' study addressing the gender gap in policy variables using quantitative and objective data collected in the region. The regional and subnational Doing Business project in Central America and the Dominican Republic aims to motivate policy reforms through fostering competition and collaboration across and within countries in the region. This will be achieved by creating new baseline data on business regulations at subnational level and producing a Subnational Doing Business report that: (i) compares locations across 7 countries in the region with each other and with 189 economies around the world; (ii) identifies regulatory constraints and highlighting the good practices; (iii) provides in depth analysis and detailed policy recommendations on how to improve the areas measured; and (iv) promotes peer to peer learning through the sharing of good practices.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The total project budget, funded by the IFC, is US$604,750.

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 IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works