Tax Administration Strenghtening Programme (IADB-ES-L1131)

Countries
  • El Salvador
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
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 7, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of El Salvador
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Aug 19, 2016


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Project Description
The objective of this operation is to improve tax revenue intake by: (i) reducing noncompliance with taxes managed by the Internal Revenue Department (DGII); (ii) reducing noncompliance with customs duties managed by the General Customs Administration (DGA); and (iii) improving the quality of information for decision-making purposes. Pursuant to the Bank’s Environment and Safeguards Compliance Policy, the program has been classified as a category “C” operation. The program will support the strengthening of tax processes through systems development and institutional strengthening, and no social or environmental risks are anticipated by the IADB.
Investment Description
  • Inter-American Development Bank (IADB)
The total cost of the program is US$30 million, to be financed by the Bank from Ordinary Capital. The financing instrument will be a sovereign-guaranteed specific investment loan. The disbursements will be made within a period of five years starting on the effective date of the loan contract.
Contact Information
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).