Innovation in Strategies for Food Security and Agriculture along Western Honduras (IADB-HO-T1416)

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
Tegucigalpa
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Borrower
Red de Comercializacion Comunitaria Alternativa
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 2.13 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)
$ 2.13 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 Jul 16, 2024

Disclosed by Bank Oct 24, 2022

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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 del proyecto se centrará en mejorar la seguridad alimentaria y el empoderamiento económico de los agricultores organizados en torno a la Red COMAL (Cooperativa COMAL) ubicada en todo el occidente de Honduras mediante el desarrollo de sistemas agrícolas resilientes al clima, la promoción y el desarrollo de cadenas de valor alimentarias, el aumento de la innovación en la producción agrícola a través de la diversificación de las pequeñas explotaciones y la educación de las familias sobre el consumo de alimentos saludables.
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This project will focus on improving food security and economic empowerment of farmers organized around the COMAL Network (Cooperative COMAL) that are located along Western Honduras. The project will develop climate resilient agricultural systems, promoting and developing food value chains, increasing innovation in agricultural production by diversifying smallholder farms and educating families about healthy food consumption. The project will promote the financial inclusion of cooperatives and smallholder farmer organisations to strengthen territorial development.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IADB, COMAL is a producer’s organisation (PO) network (RED COMAL) that has been working in rural and agricultural development for more than 26 years. COMAL is specialised in sustainable agricultural production and marketing. Through this approach, COMAL has acquired vast experience in supporting the self-organizing efforts of agricultural small producers’ organisations. This approach has allowed COMAL to develop its niche in strengthening the capacities of grassroots organisations and good governance, which will be a key asset towards the sustainability of the project. COMAL is legally a nonprofit organization made up of 1,400 smallholders farmers and producers and their families from 62 community organisations.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Red de Comercializacion Comunitaria Alternativa (COMAL - Honduras) Client Agriculture and Forestry

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 DEL BID

El Mecanismo Independiente de Consulta e Investigación (MICI) es el mecanismo de denuncia independiente y el organismo de investigación para las personas que han sido o pueden verse 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, es posible que lo ayuden a abordar los problemas que planteó a través de 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/ mic, 1752.

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