Total Bolivia Revenue Management (IFC-600275)

Countries
  • Bolivia
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
Active
Bank Risk Rating
U
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.
Borrower
Fundacion Boliviana para el Desarrollo
The holder of the loan, grant, or other investment.
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 @ IFC website

Updated in EWS Nov 1, 2017

Disclosed by Bank Feb 15, 2017


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Project Description
The work to be undertaken is based on IFC's successful experience on Revenue Management in Peru and Colombia. For such purpose, IFC will adapt its existing tools to ensure they are consistent with Bolivian regulations and the local context. In addition, the project also aims to build the capacity of FUNDESOC (Fundacion Boliviana para el Desarrollo) adopting a hands-on approach to transfer our tested tools to them. The project is designed around 3 componentes: The municipal work includes training sessions as well as meetings, and provision of guidance and specific tools to officers to facilitate the adoption of the proven Good Investment Practices. There is a cross cutting component of General Support due to it is likely that other doubts and requests appears, related to systems supporting the municipal investment processing. At the end the team will apply a final assessments of investment management practices (exit assessments) that will allow to measure management improvements on each municipality.
People Affected By This Project
The projects objective is to enhance the investment capacity of 3 municipalities where TOTAL Exploration and Production Bolivie S.A (TOTAL) operates (Villa Vaca Guzman, Monteagudo and Lagunillas), so as to help them make a sound use of their resources to benefit the local population. This will be achieved by promoting the adoption of three good investment practices, supported by proven tools and know-how. By project completion, and as a consequence of the practices implemented, the three municipalities will be better positioned to process investments in key sectors, in a more efficient way and complying with the relevant regulations.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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/