Identification of Projects in Honduras to Promote Economic Development (IADB-HO-T1340)

Countries
  • Honduras
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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Jul 15, 2019
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.
Borrower
Government of Honduras
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.27 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)
$ 0.27 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 Aug 22, 2019

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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 objective of this project is to prioritize investments in infrastructure, including, but not limited to, investments in manufacturing, tourism, water and road infrastructure. A process of consultation and background check will be carried out through a process of dialogue with private and public sector actors. Investments that generate a significant impact on employment and economic growth for the country will be prioritized. Likewise, the prioritization of current projects (for example, those previously identified by the government, international organizations and the private sector) should quantify and define the sources of potential investment (public and-or private) and develop a strategy to attract these investments to the country.

inThe project will identify and prioritize a small number of national and foreign investments in sectors such as agribusiness, tourism, digital economy and maquila that are triggers for economic development and commercial integration of Honduras. A process of consultation and dialogue with actors from the private and public sector will be carried out to identify and prioritize projects that generate an important impact on employment and economic growth for the country. The diagnosis will also include a mapping of Honduran sectors and companies that export to the US. UU., And other main markets of destination, and that potentially can make investments in the country. In addition, US customs regimes will be evaluated. UU and other countries, taking into account possible change scenarios to attract investments to the country. Finally, prioritization should take into account an analysis of legal and regulatory gaps in these potential markets, as well as a quantification of the identified investments. A team with diverse academic and work experience will be formed, both in the public and private sectors. Specialists should have good knowledge of the country and include at least one economist, preferably with experience in microeconomics and business economics.


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.

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