Original disclosure @ IADB website
Updated in EWS May 18, 2020
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IDB Invest will provide an up to US$285.5 million loan to finance their 2018-2022 investment plan, which includes investments in capex, and a series of projects related to technology and innovation, new premises, equipment, logistics, environmental management, and shared value programs. As part of this investment La Favorita is contemplating an up to US$5.5 million loan from the C2F to install self-supply solar PV rooftops for one distribution center, and three stores.
Canadian Climate Fund Phase II
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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).