Support the preparation and execution of the PBL clima 2023 (IADB-DR-T1269)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Dominican Republic
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
Approved
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
Government of Dominican Republic
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.30 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)
$ 0.30 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IADB website

Updated in EWS Sep 10, 2023

Disclosed by Bank Aug 29, 2023

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

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.

As stated by the IADB, this technical cooperation aimes to support the preparation and execution of the IDB's PBP DR-L1162 "Climate Action for Sustained Economic Growth" (Phase I & II). The main objective of Technical Cooperation is to support actions that promote the strengthening of medium and long-term economic growth, protecting it from the damages and losses that climate change can cause and taking advantage of the competitiveness and productivity improvements associated with mitigation measures.

The specific objectives are: (i) Increase institutional capacities to incorporate climate action goals into the functioning of the public sector; (ii) strengthen the government's regulatory capacity to promote resilient use of the territory; and (iii) strengthen the government's regulatory capacity to promote the decarbonization of the economy.

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.

IADB Team Leaders:

Benoit Jean Marie Lefevre
Teodoro Ariel Zaltsman

No contacts provided at the time of disclosure.

Borrowers:

Ministerio de Hacienda
Ministerio de Economía, Planificación y Desarrollo (MEPyD)
Ministerio de Obras Públicas y Comunicaciones (MOPC)
Ministerio de Medio Ambiente y Recursos Naturales (MIMARENA)
Ministerio de Energía y Minas (MEM) y Ministerio de la Presidencia

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