Support for Strengthening the Institutional Framework for Science, Technology, Knowledge and Innovation in Chile (Apoyo Fortalecimiento Institucionalidad de Ciencia, Tecnología, Conocimiento e Innova (IADB-CH-L1148)

Countries
  • Chile
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Closed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Mar 27, 2020
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
Government of Chile
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 50.00 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)
$ 100.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IADB website

Updated in EWS Jul 12, 2023

Disclosed by Bank Aug 27, 2019

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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 general objective of this operation is to support the technological development of the country through the promotion of science, technology and innovation (STI) of technological base and knowledge transfer. The specific objectives are to:
(i) maintain a stable macroeconomic environment;
(ii) support the strengthening of legal framework for technology based STI;
(iii) support the strengthening of the institutional framework for technology based STI; and
(iv) stablish monitoring and evaluation mechanisms for science, technology, knowledge and innovation policies.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The IADB categorized the project as B13.

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

El Gobierno de Chile solicitado el apoyo del Banco a través de un préstamo de apoyo de reformas de políticas (PBL) y una cooperación técnica no reembolsable, la cual se preparará en paralelo al PBL. Esta operación está estructurada bajo la modalidad de PBL de Tramos Múltiples (Multi-tranche PBL), con base en el documento Préstamos en Apoyo a Reformas de Política: Directrices sobre Preparación y Aprobación (CS3633-2).


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.

IADB Team Leaders:

José Miguel Benavente
Claudia Stevenson

Executing Agency - Ministry of Science, Technology, Knowledge and Innovation:

Address: Morandé 226, Santiago
Phone: (+56) 2 2865 0387
Website: https://www.minciencia.gob.cl/

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works