Enhancing the National Quality Infrastructure for Economic Diversification and Trade Promotion (IADB-GY-L1059)

Countries
  • Guyana
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
Active
Bank Risk Rating
B
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
Nov 30, 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
Cooperative Republic of Guyana
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
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)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jun 1, 2016


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Project Description
The program's objective is to support economic diversification and exports through the enhancement of the National Quality Infrastructure (NQI) and through a National Export and Investment Promotion Strategy. Specific objectives are: (i) to enhance the capacity of the NQI; (ii) to improve facilities for the NQI; and (iii) to enhance the capability of the Guyana Office for Investment for export and investment promotion. The program’s expected outcomes are: (i) increase in the average annual flow of value of exports of non-traditional products per exporter; (ii) increase in the average annual flow of volume of exports of non-traditional products per exporter; (iii) decrease in the testing costs for non-traditional exporters; and (iv) decrease in the rejection rates of fruits and vegetables exports to the US. The impact of the project is the increased participation of the non-traditional products in Guyana’s export basket. The program is classified as Category “B”. The main direct impacts of the project relate to: (i) increased air pollution during construction (dust, toxic fumes from vehicular traffic and vehicular waste); (ii) noise; (iii) waste disposal; (iv) soil erosion; (v) contamination from chemical and biological waste, toxic waste from construction; (vi) chemical storage, increased flooding due to water diversion and increased run off; (vii) water pollution; (viii) ecological damage from route deviation, construction works and clearance; (ix) effects on fish life; (x) congestion and increased traffic during construction and (xi) damage to streets. During operation, the main impacts identified are: (i) increased noise; (ii) increased congestion; (iii) ground water pollution; (iv) increased conflicts with patrons using the same access road; and (v) increased pollution and indiscriminate waste disposal.
Investment Description
  • Inter-American Development Bank (IADB)
This operation is a specific investment loan, with a total cost of US$9 million, to be disbursed over a period of 5.5 years. The IADB will finance US$4.5 million with resources from the Fund for Special Operations and US$4.5 million from resources of the Ordinary Capital.
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).