Environmental and Social Management Capacity Building for ICE?s Electricity Busi (IADB-CR-T1149)

Countries
  • Costa Rica
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
A
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
Dec 14, 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.
Sectors
  • Energy
  • 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)
$ 0.42 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)
$ 0.50 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 Nov 20, 2017


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Project Description
The main objective of this TC is to support the compliance with the environmental and social requirements established for the new ICE CCLIP line (CR-X1014) and the execution of the loan operation CRL1070. The specific objectives of the CT are: (i) to provide technical advice to ICE's Business Line regarding environmental and social management issues related to the development and implementation of projects associated with the CCLIP. In particular, it will support the compliance with the environmental and social requirements established in the Environmental and Social Action Plan (ESAP) and other contract documents of the CCLIP loan, as well as other projects of ICE's Business Line.; and (ii) provide advice to the IDB in monitoring environmental and social issues associated with the CCLIP in order to follow up the implementation of the ESAP and other actions associated with the loan agreement.
Investment Description
  • Inter-American Development Bank (IADB)
TOTAL COST:USD 499,250 COUNTRY COUNTERPART FINANCING: USD 83,250 IDB FINANCING: USD 420,000
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).