Indo ICCC MCICP (IFC-602983)

Countries
  • Indonesia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation-wide
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
  • 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."
Voting Date
Apr 4, 2018
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.
Borrower
Republic of Indonesia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.74 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)
$ 3.74 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.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 28, 2019

Disclosed by Bank Oct 31, 2018

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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.

According to the bank document, the goal of the overall Indonesia Investment Climate, Competition and Competitive Sectors (Indo ICCC) program is to increase domestic and foreign investments through support for economy-wide and sector-specific reforms that create more open and predictable markets.

The program aims to strengthen business regulations and practices and to improve the competitiveness of selected sectors (logistics & ports, and tourism).

The goal of the Indo ICCC MCICP project is to achieve reforms that create more open and predictable markets and strengthen business regulations and practices, generate investment and achieve cost compliance savings.

The Indo ICCC MCICP project includes the following:

Component 1 Economy-wide investment climate reforms: contribute to the improvement of the business environment at the national and subnational level by:

  1. identifying business regulations and practices that could be strengthened to make business regulations and services more transparent, predictable and efficient and providing advice on specific reforms needed; and
  2. providing advice on strengthening the regulatory, legal and institutional framework for wholesale approaches to addressing uncertainty, complexity and inefficiency of the subnational business environment;

Component 2 Sector-specific:

Tourism Competitiveness Facilitate tourism sector growth outside of Bali through: supporting targeted investment promotion in the tourism sector, reviewing investment restrictions and incentives and enhancing data management and analytical capabilities of public institutions to provide better market intelligence for foreign and domestic investors.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Indonesia ICCC program is funded jointly by SECO's Multi-Country Investment Climate Program (MCICP) and the UK’s Prosperity Fund Improving Business Environment for Prosperity (UK’s Prosperity Fund).


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.

*There is no further information being revealed at this stage of the project*

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