Total Bolivia Revenue Management (IFC-600275)

Countries
  • Bolivia
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
Active
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."
Borrower
Fundacion Boliviana para el Desarrollo
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Amount (USD)
Not Disclosed
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 Nov 1, 2017

Disclosed by Bank Feb 15, 2017

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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 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
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a 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
Here you can find a list of individual development financial institutions that finance the project.

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