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According to the IADB, the general objective of the first loan operation is to improve the climate-resilience of the potable water sector, while supporting Barbados' agenda regarding innovative green finance solutions. The specific objectives are to: (i) Improve the reliability and the operational efficiency of the Barbados Water Authority (BWA) water distribution system; and (ii) Strengthen the technical capacity of BWA to design and implement water projects with climate and biodiversity considerations, while developing environmental impact monitoring and reporting capacities.
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).