Early Warning System

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

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

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

Aug 13, 2021

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

Law and Government
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

$ 0.80 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)

$ 0.80 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 Mar 17, 2021

Contribute Information
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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 IADB, the objective of technical cooperation is to support the preparation of the Vulnerable Neighborhoods Integration Program of Chile's Ministry of Housing and Urbanism. The TC will support aspects related to the effectiveness of the program on issues related to the integration of migrant populations into receiving communities, resilience and mitigation related to climate change challenges, gender equality, and the support for the economic integration of resident communities. It will also generate knowledge and capabilities to address the impact of climate change on migration and risk mitigation of informal settlements.

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.

Inter-American Development Bank (IADB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Fundacion Alcanzable is a not-for-profit organization, that promotes affordable living solutions for the most disadvantaged sections of society.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Fundacion Alcanzable	Contractor	Humanitarian Response

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:

Luis Felipe Vera Benítez
Email: lfvera@iadb.org

Verónica Adler
Federico Brusa

Ministry of Housing and Urban Planning:

Address: Alameda 924, Santiago, 6513482 Chile
Website: https://www.minvu.gob.cl/

Contractor - Fundacion Alcanzable:

Email: contacto@alcanzable.cl
Website: https://www.alcanzable.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).