Assistance In Response to the Damages Caused by Hurricane Otto (IADB-NI-T1245)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Región Autónoma Caribe Sur; Río San Juan, Rivas
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
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Gob Nicaragua, Secretaria Ejecutiva del Sistema Nacional Prevención, Mitigación, Atención Desastres
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 21, 2017

Disclosed by Bank Dec 14, 2016


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Project Description
This funding responds to Hurricane Otto, which hit Nicaragua at the end of November 2016, causing injuries and damage in 4 departments and 14 municipalities. The technical cooperation aims to support Nicaragua in humanitarian action to support those affected in the Región Autónoma del Caribe Sur and the departments of Río San Juan and Rivas. This will include provision of food, potable water, medicine, transportation and construction materials for emergency shelters for those displaced.
Investment Description
  • Inter-American Development Bank (IADB)
This non reimbursable technical cooperation comes from Developing Member Countries of the Bank Affected by Natural Disasters. It breaks down to $65k for water, medicine and other provisions (rice, beans, oil, etc); $120k for materials for emergency shelters; and $15k for other expenses.
Contact Information
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).