Social and Urban Integration Program in Greater Buenos Aires (IADB-AR-L1288)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Province of Buenos Aires
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
B
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
Jul 2, 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
  • Construction
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 100.00 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)
$ 100.00 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)
$ 111.15 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 Aug 25, 2019


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Project Description

The general objective of the CCLIP and its first operation is to improve living conditions in shantytowns, informal neighborhoods, and housing complexes in the Province of Buenos Aires through social and urban integration interventions. The specific objectives of the first operation are to: (i) strengthen and support local and provincial governments in the planning, management, and execution of comprehensive informal neighborhood intervention and regularization projects; (ii) improve access to and facilitate the use of basic utilities, resilient urban infrastructure, public spaces, community facilities, and government services for the residents of these neighborhoods, thereby integrating them into the municipal urban fabric; and (iii) strengthen social capital, increase opportunities for social, labor, and productive community development, and improve habitability and tenure conditions

Investment Description
  • Inter-American Development Bank (IADB)

The total cost of the first individual operation under the CCLIP will be US$111.15million, with US$100million contributed by the Bank and US$11.15 million by the local counterpart.

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).