The general objective of the project is to promote the efficiency in theproduction and use of energy in Argentina. The specific objectives are: (i) increase Small and MediumEnterprises (SME) (defined as per Argentine's government classification) investments in RenewableEnergy (RE) and Energy Efficiency (EE), by providing access to medium and long-term finance; and(ii) contribute to the reduction of Greenhouse Gas (GHG) emissions.
Financing for the project includes US$100 million reimbursable resources from the GCF, plus US$60 million from BICE local counterpart.
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).