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

  • Guyana
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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."
Voting Date
Nov 30, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Cooperative Republic of Guyana
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 9.00 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)
$ 9.00 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.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jun 1, 2016

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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.
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
Here you can find a list of individual development financial institutions that finance the project.
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
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.
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