Knowledge Exchange between the Ministry of Labor of Colombia and the Ministry of Labor of Ecuador (IADB-EC-T1529)

Countries
  • Ecuador
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
C
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 Ecuador
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.02 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)
$ 0.02 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.
Other Related Projects
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 20, 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.

According to the IADB, the objective is to carry out an exchange of experiences and knowledge of the Ministry of Labor of Ecuador and the team of professionals from the Ministry of Labor (MDT) and Ministry of Economy and Finance of Ecuador with the aim of improving the capacities of the MDT that is currently in the process of designing a new loan operation with the Bank. The EC-1284 project "Support for the Commitment to Employment for the effectiveness of employment policies" aims to contribute to improving labor insertion in quality jobs, focusing on groups with greater barriers to labor insertion.
The project has 3 components. The first aims to create tools to strengthen the identification of gaps in the labor market, the second to consolidate the training and certification system and the third seeks to strengthen and expand the Public Employment Service. With this initiative it is intended that the public servants of the Ministry of Labor of Ecuador can approach and learn first-hand the experience of design and execution of a similar program in Colombia also financed by the IDB This is the "Program to strengthen employment policies" (CO-L1250) and in particular how job training policies and job skills certification are implemented.

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.

No project contacts available at the time of disclosure.

Ministry of Labor:

Website: https://www.trabajo.gob.ec/

Ministry of Economy and Finance:

Address: Av. Amazonas entre Pereira y Unión Nacional de Periodistas, Plataforma Gubernamental de Gestión Financiera. Pisos 10 y 11, 170507 Quito, Ecuador
Phone: +(593 2) 3998300 / 400 / 500
Website: https://www.finanzas.gob.ec/

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