National Tourism Development Program in Salvador (PRODETUR SALVADOR) (IADB-BR-L1412)

Countries
  • Brazil
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
Bank Risk Rating
B
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
May 25, 2016
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.
Investment Amount (USD)
$ 52.51 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)
$ 105.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS Dec 6, 2017

Disclosed by Bank Apr 7, 2015


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

Project Description
The program's general objective is to promote tourism development so as to increase income and formal employment generated for the population of Salvador with emphasis on the local culture and people of African descent. The specific objectives are to increase tourist expenditure in Salvador, as well as the portion of that expenditure benefitting the community and particularly the Afrodescendant population, by promoting cultural as well as sun and sand tourism, infrastructure improvement, and institutional support for tourism management.
Investment Description
  • Inter-American Development Bank (IADB)
TOTAL COST: USD 105,024,680 COUNTRY COUNTERPART FINANCING: USD 52,512,340 IADB FINANCING: USD 52,510,000
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).