The general objective of the program is to help make social safety net programs in Argentina sustainable and more effective. Specifically, the program seeks to: (i) ensure the sustainability of cash transfer programs aimed at the vulnerable population in the context of the targets agreed upon by the Argentine government and the International Monetary Fund; (ii) foster progression and continuity in education, as well as comprehensive vocational training for transfer beneficiaries; (iii) improve the distributive efficiency of subsidies on public transportation services; and (iv) enhance the efficiency of social safety net programs through better management of the data generated during program execution.
This operation is the second phase of a multiphase investment loan for an aggregate amount of US$1.5billion. This secondphase is for a loan amount of US$600million to be disbursed over three years, without any local contribution or cofinancing by other lending institutions.
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).