Institutional and Operational Strengthening of the Transportation Sector Portfolio in Costa Rica (IADB-CR-T1265)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Costa Rica
Geographic location 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
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."
Sectors
  • Law and Government
  • Technical Cooperation
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.20 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)
$ 0.20 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 Apr 21, 2023

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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 this technical cooperation is to support and promote the iterative process of strengthening the capacities of entities in the transport sector, mainly the Ministry of Public Works and Transport of Costa Rica and its affiliated entities in the management and execution of the portfolio that it has with the Bank, providing it with the support and development of the necessary studies to strengthen projects in technical aspects, transparency, socio-environmental, gender inclusion and people with disabilities, sustainability and digital transformation and innovation.

In order to fulfill this objective, it is proposed to provide: (i) reinforcement of management tools, thus contributing to increasing the effectiveness of projects and the effective achievement of results; (ii) specialized technical support that allows institutional strengthening to carry out efficient management and supervision of projects using, for example, technological, analytical, dialogue solutions between multiple actors and knowledge that, taking advantage of the continuous generation of sector data, promote compliance with the Bank policies and social and environmental safeguards, (iii) advice on the effective promotion and broad dissemination of sectoral actions to promote best practices in terms of equality and inclusion, and (iv) further promotion of a sustainability agenda that promulgate for the maintenance of assets and continuous training (v) knowledge and effective practices for the promotion of competition, transparency and effective communication.

Currently, the Bank's investments in the transportation portfolio in Costa Rica represent 50.4% of the total active portfolio and 64% of the active investment portfolio. This distribution reflects not only geographical representation, the relevance of this agenda for the country, but also continuously demands better governance schemes and management mechanisms focused on effectiveness, efficiency, effective communication, integrity and sustainability .

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

There is no investment description


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