Program to increase flood resilience in the Sula Valley in Honduras (IADB-HO-L1244)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Honduras
Geographic location where the impacts of the investment may be experienced.
Specific Location
Honduras
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
May 22, 2024
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.
Sectors
  • Climate and Environment
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 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)
$ 20.00 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.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 12, 2024

Disclosed by Bank Feb 1, 2025

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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.

El objetivo general de desarrollo es aumentar la resiliencia a las inundaciones de las familias vulnerables en el Valle de Sula en Honduras. Los objetivos específicos de desarrollo son: (i) reducir el riesgo de familias vulnerables a través de obras de control de inundaciones, considerando escenarios de cambio climático; (ii) fortalecer las capacidades de planificación de la reducción del riesgo de inundaciones de las instituciones públicas responsables de la gestión del riesgo; (iii) crear un espacio de gobernanza metropolitana o regional para la gestión de riesgos y la adaptación climática en el Valle de Sula, con la participación del sector público multinivel, organizaciones de la sociedad civil, la academia y el sector privado; y (iv) fortalecer las capacidades de resiliencia ante inundaciones de comunidades vulnerables, con enfoque de género, discapacidad y priorizando a comunidades afrodescendientes.

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

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.

MECANISMO DE RENDICIÓN DE CUENTAS DE LA JID

El Mecanismo Independiente de Consulta e Investigación (MICI) es el mecanismo independiente de denuncia y organismo de investigación para personas que han sido o probablemente serán afectadas negativamente por un Banco Interamericano de Desarrollo (BID) o la Corporación Interamericana de Inversiones (CII). -proyecto financiado. Si presenta una queja ante el MICI, este puede ayudarlo a abordar los problemas que planteó mediante un proceso de resolución de disputas con quienes implementan el proyecto y/o mediante una investigación para evaluar si el BID o la CII están siguiendo sus propias políticas para prevenir o mitigar el daño a las personas o al medio ambiente. Puede presentar una queja enviando un correo electrónico a MICI@iadb.org. Puede conocer más sobre el MICI y cómo presentar una denuncia en http://www.iadb.org/en/mici/mici,1752.html (en inglés) o http://www.iadb.org/es/ mici/mici,1752.html (español).

How it works

How it works