Expanding Opportunities for Development and Economic Growth in Communities of Influence of the Minin (IADB-BO-T1330)

Countries
  • Bolivia
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
Approved
Bank Risk Rating
C
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
Oct 1, 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 Bolivia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.35 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)
$ 1.50 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 Oct 24, 2019


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Project Description

The objective of this technical cooperation is to increase opportunities and socioeconomic benefits and reduce poverty for communities in areas of influence of mining activity, especially the communities of San Cristóbal, Culpina K, Vila Vila and Río Grande, located in the municipality of Colcha K, Province of Nor Lípez, Department of Potosí, Bolivia. The aim is to promote a sustainable and self-managed local economic development model with participation from different economic sectors, promoted by local actors. Specifically, the program will help maximize access to the labor market and local goods and services through a sustainable intervention that builds capacity in local, public and private actors. It will be carried out through the (i) development of a strategy of sustainable development of the local business ecosystem, in the light of an analysis of gaps and opportunities and the participation of local actors; and (ii) direct and indirect support to local companies, associations, and government entities, combining "on-site" and group technical assistance and the establishment of mechanisms to improve access to operating and investment capital.

Investment Description
  • Inter-American Development Bank (IADB)

Japan Poverty Reduction Program

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).