Program to Strengthen the Labor Intermediation System in Chile (IADB-CH-L1135)

Countries
  • Chile
Where the impacts of the investment may be experienced.
Specific Location
National
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
Proposed
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
Jun 19, 2017
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 Chile
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS Aug 16, 2017

Disclosed by Bank Dec 14, 2016


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

Project Description
This project seeks to improve the integration and provision of services for labor mediation for employment seekers and businesses in Chile. To do so, it seeks funding from the IDB to revise the governance model of labor mediation services (servicios de intermediación laboral, SIL), adjust the SIL's services and restructure its administration, and create an information system for the labor market and increased understanding of the sector. The project builds on a series of previous projects: CH-L1064, CH-T1120, CH-L1095, CH-T1175, and CH-T1179.
Investment Description
  • Inter-American Development Bank (IADB)
Chile is requesting support to reform SIL policies in two disbursements of up to US$50 million, the first in September 2017, the second in March 2018. The Bank also estimates that, to design the project, it will need US$32.402 for missions, US$12.800 for workshops y US$68.000 for consultancies. Chile
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).