The objective of the operation is to mitigate the impact of severe or catastrophic natural disasters on the public finances of Nicaragua by increasing the availability, stability, and efficiency of contingent financing to respond to emergencies caused by such events. The specific objective of the operation is to make liquid resources more readily available and to increase the stability and efficiency of the country's ex ante financial coverage in order to promptly cover the extraordinary expenses that are likely to arise during emergencies caused by severe or catastrophic natural disasters.
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).