Impact of protection of blue natural capital and promotion of the blue economy in The Bahamas (IADB-BH-T1118)

Countries
  • Bahamas
Geographic location 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 4, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Bahamas
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS Dec 9, 2024

Disclosed by Bank Sep 1, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The first objective of this TC aims to support the Monitoring and Evaluation of outcome indicators tied to the specific development goal of "Promoting sustainable economic activities related to Marine Protected Areas (MPAs) through the implementation of management plans" of BH-L1058. This objective aligns with the overarching goal of fostering sustainable growth, both of which are integral to Component 3 of the loan. This support will involve producing follow-up estimates for the following indicators listed in the operation's Results Matrix.- Annual contribution of nursery habitat in MPA network of Abaco and Andros to lobster revenue- Annual expenditures of tourists attributable to MPA network in Abaco and Andros- Annual contribution of nursery habitat in 5 MPA in Abaco and Andros to lobster revenue- Annual expenditures of tourists attributable to the implementation of management plans in 5 MPA in Abaco and AndrosThe Monitoring and Evaluation Plan of BH-L1058 will employ the Stanford NatCap Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST) model to assess these outcomes. The InVEST model is designed to help decision-makers visualize the impacts of potential actions by quantifying ecosystem services and trade-offs.The second objective of the TC focuses on building and transferring the capacity to both the counterparts and the Bank to run and update the InVEST model. In particular, this capacity will enable them to comprehend and operate the specific elements of the InVEST model that are pertinent to the evaluation of the aforementioned outcomes in longer term evaluations of BH-L1058, or in similar projects in other Bahamian islands or countries.The third objective of the TC is dedicated to supporting the Monitoring and Evaluation of outcome indicators linked to the specific development goal of "Supporting the continuity and growth of tourism-related businesses within the project's area of influence." This is associated with Subcomponent 1.2 of the loan. The support will be provided by producing estimates of the nightlight indicators (annual median radiance) for the locations where the program will establish infrastructure to enhance tourism activities. This approach will help quantify the impact of the program's interventions on local tourism development.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure

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).

How it works

How it works