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.
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.
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).