Support the second operation of CO-L1272 on policy reforms focused on the social and economic inclusion of the Venezuelan migrant population in Colombia (IADB-CO-T1660)

Countries
  • Colombia
Geographic location where the impacts of the investment may be experienced.
Specific Location
UNINFORMED
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Borrower
Goverment of Colombia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Humanitarian Response
  • Technical Cooperation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.29 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.
Project Cost (USD)
$ 0.29 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 Feb 18, 2022

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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.

The objective of the operation is to support the implementation of policies under the second tranche of the Programmatic Loan (CO-L1272), in order to contribute to the effective socioeconomic integration of Venezuelan migrants in Colombia. The specific objectives of this technical cooperation are: (i) support information management, through the strengthening of mechanisms for budget planning within the Ministry of Finance and Public Credit, and the operation of the Migration Statistics Bureau (conditions 2.2.4 and 2.2. 5); (ii) Expand the access of Venezuelan migrants to education, by updating the Instructions for the care of children and adolescents from Venezuela in Colombian Educational Establishments (condition 3.2.3); and (iii) Promote the recognition of labor competencies of the Venezuelan migrant population, supporting the process of validation of higher education degrees of the Venezuelan population residing in Colombia. (Condition 4.2.1).
Description of the associated loan. This technical cooperation (TC) is associated with a loan operation based on a program for the development and implementation of public policies, under execution, whose general development objective is to contribute to the effective socioeconomic integration of Venezuelan migrants in Colombia. The specific objectives of the loan operation are: (i) expand regularization and information management of the Venezuelan migrant population; (ii) expand Venezuelan migrants' access to social services and protection against human trafficking; and (iii) promote the recognition of labor competencies of the Venezuelan migrant population. The operation approved the first programmatic loan in 2021, and is currently in the execution and policy implementation stage.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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 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).

How it works

How it works