According to the bank, the objective of the project is to guarantee a first international placement of social bonds destined to the financing of social housing within the framework of the National Social Housing Program "Casa para Todos" (House for All). The guarantee will have instruments and mechanisms that guarantee, in addition to a sustainable financing for the social housing sector, a professionalized and independent management of the resources, harmonized with the national housing public sector policy and operates independently of the political and budgetary cycle of the country.
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).