The objective of the program is to strengthen private and public investment in order to promote economic growth in Argentina. The specific objectives of the program are: (i) to increase private investment; and (ii) the modernization of the regulatory-institutional framework to improve efficiency in public investment.
This operation has been structured under the programmatic policy-based loan (PBP) modality and is the first in a programmatic series of two contractually independent but technically
linked operations. The cost of this operation will be US$300 million, to be financed by the IDB from Ordinary Capital resources.
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).