Original disclosure @ IADB website
Updated in EWS Sep 28, 2020
Disclosed by Bank Sep 11, 2020
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The general objective of the project is to help cushion the impact that a severe or catastrophic natural disaster or a public health event could have on public finances, through an increase in the availability, stability and efficiency of contingent financing. for the attention of emergencies caused by this type of events. The specific objective is to improve the financial management of natural health and public disaster risks by increasing stable, cost-efficient and fast-access contingent financing to cover extraordinary public expenses during emergencies.
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).