According to the bank, the objective of the Clean Energy Development Project is to assist Colombia in increasing electricity generation capacity from non-conventional renewable energy sources and energy savings in the industrial sector, through mobilization of private investment. The Project consists of one or more IBRD Guarantees in an aggregate amount of up to USD 4118 million and a Clean Technology Fund (CTF) Guarantee in an amount of up to USD 40 million to backstop Financiera de Desarrollo Nacional (FDN’s) payment obligations.
ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing email@example.com. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.