Provincial Management Strengthening Program II (IADB-AR-L1285)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Argentina
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
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 28, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Argentina
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS May 27, 2019


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Project Description

The general objective of this operation is to contribute to growth and private sector employment in the provinces by improving the management of revenue, expenditure, and public investment, and by implementing investment projects.

Objective of the CCLIP: Contribute to provincial fiscal sustainability with a view to fostering growth by improving the management of provincial revenue, expenditure, and public investment, designing Argentina’s fiscal federalism, and implementing investment projects. The interaction between strengthening actions and public investment projects will help to: (i)create incentives for improving fiscal management by linking it with project financing; and (ii)ensure that improvements in provincial investment management are implemented.

Objectives of the first individual operation:The operation’sgeneralobjective, in keeping with the goal of the CCLIP, is to contribute to provincial fiscal sustainability and growth by improving revenue, expenditure, and public investment and implementing investment projects. Its specific objectives at the provincial level are toincrease: (i)less distortionaryrevenue as a share of total revenue; (ii)the efficiency of public expenditure management; and (iii)public investment.

Investment Description
  • Inter-American Development Bank (IADB)

This operation is structured as the first individual operation under the CCLIP (AR-O0007). The financing instrument for the first operation will be a sovereign-guaranteed specific investment loan. The total cost of the program is US$200million, of which US$150million will be financed by the Bank from the Ordinary Capital and US$50millionwill be the local counterpart contribution.

Contact Information

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).