Institutional governance proposal for the Heritage Area of Valparaiso city (IADB-CH-T1188)

Countries
  • Chile
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.
Borrower
Regional Government of Valparaiso
The holder of the loan, grant, or other investment.
Investment Amount (USD)
$ 0.50 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)
$ 0.58 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 11, 2017

Disclosed by Bank Aug 18, 2017


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Project Description
Support the Government of Chile in the structuring and implementation of an adequate institutional instrument for managing the Unesco World Heritage Site and surrounding areas.
Investment Description
  • Inter-American Development Bank (IADB)
The total cost of the project is USD 581.000. The IADB funding represents USD 500.000, which USD 330.000 is funded by SUS (Strategic Program for the Sustainable Development funding with ordinary capital) and USD 170.000 is funded by INS (Strategic Program for the Institutions Development funding with ordinary capital). The remaining amount (USD 81.000) is co-funded by local counterpart.
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).