USPPP (IFC-603405)

Regions
  • World
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
Approved
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."
Sectors
  • Infrastructure
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.
Project Cost (USD)
$ 1.40 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 Oct 15, 2020

Disclosed by Bank May 20, 2020

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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 IFC website, the IFC, in partnership with the Government of Spain through the Spain - IFC Technical Assistance Trust Fund (TATF), has created this initiative to serve as a support mechanism for the development of transport related projects in developing countries through Unsolicited Proposals, that is, those conceptualized by the private sector instead of the traditional public ones.

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 USPPP Project will develop a strong pipeline of well-designed Unsolicited Proposals with a significant potential to address development challenges in targeted countries to facilitate their acceptance by the incumbent government authority. IFC will partner with private sector proponents (local and international) and support them in early stages of the Proposals, especially in their selection and design, to ensure early assessment of their viability, fulfillment of governments’ requirements, conduction of adequate pre-feasibility studies, and adherence to international standards in project preparation.

The Project expects to achieve the following results by completion:

i. New Unsolicited Proposals for Transport projects are screened and selected using IFC in-house expert opinion and subjected to pre-feasibility analysis;

ii. Global and local/regional sponsors establish strategic partnerships to act as Private sector proponents and to develop the selected Proposals with IFC support.

iii. Private sector proponents develop Proposals that meet the requirements of competent Government authorities, including pre-feasibility studies (technical, economic, environmental, social and/or legal). Feasibility studies of the supported Proposals are accepted by the Authorities for consideration and analysis.

iv. Approval for procurement of the transport Proposals by incumbent Government authorities.

After project completion, IFC expects as a positive impact the approval of proposals by the incumbent government authority, for procurement.

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.

No contact information provided at the time of disclosure. 

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