Caracol Road Reabilitation (IADB-BL-L1022)

  • Belize
Geographic location where the impacts of the investment may be experienced.
Specific Location
Caracol Region
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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."
Ministry of Works, Transport and NEMO (MOWTN)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 18.00 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.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Aug 31, 2016

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.
This loan would finance the improvement of the road accessibility to Caracol archeological site, one of the most important Mayan ruins in Belize, supporting the development of sustainable tourism in the interior of Belize. The objective of the project is to promote economic development of the Caracol Region by: (i) improving the condition of the Caracol road; and (ii) contributing to the maintenance of ecosystem services associated with the road, and managing and protecting natural resources in a sustainable manner. The stated goals of the project include improving accessibility and connectivity of the area in order to enhance the competitiveness of Belize’s tourism sector and the regional productivity. The project will facilitate access to tourist destinations and will improve monitoring security for local businesses, tourists and residents, and the enforcement of legal logging. The Government of Belize (GOB) has prioritized the progressive rehabilitation of the Caracol road, and the placement and implementation of a development plan, including the strengthening of the institutions involved. In accordance with the guidelines of the Policy Environment and Safeguards Compliance Policy (OP-703), the proposed operation is classified as category A by the project team. This classification is based on the operation’s potential environmental and social impacts and risks, particularly those indirectly surrounding highly sensitive areas (from both cultural and natural habitats perspectives). There is significant risk of involuntary resettlement of Indigenous Peoples or other ethnic minority communities whose identity is closely tied to their traditional territories, even if the objective of the project is to move these peoples from unhealthy or high risk areas. There will also be conversion or degradation of critical natural habitat causing minor to moderate impact on protected areas or areas of high conservation value as well as threatened species. Moderate greenhouse gas emissions are predicted.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The total project cost would be US$18 million, financed by a loan through the bank's Ordinary Capital fund. The operation or any of its components is being co-financed by Belize.

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.
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 You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).

How it works

How it works