Original disclosure @ IADB website
Updated in EWS Mar 12, 2021
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The Beyond Extraction II project aims to increase socioeconomic benefits for the communities of Ilo and Mariscal Nieto (Moquegua, Peru) located in the area of influence of large mining operations, with a focus on women and youth, and innovation. In the aftermath of the COVID-19 pandemic, the program will focus on supporting the reactivation of economic activities and strengthening the local labor market in the targeted communities by: (i) strengthening key value chains and productive sectors that can significantly contribute to the economic recovery and have a multiplier effect; and (ii) promoting greater labor market efficiency. The program will deploy a systemic approach and engage with public and private sector actors that have the incentives and influence to impact the entire ecosystem, providing them with innovative tools to grow their businesses and better leverage the local labor market capabilities. A collaborative effort between the IDB and local private sector entities, led by Anglo American and Mitsubishi Corp. (owners of the Quellaveco project, the largest mining project currently in construction in Peru) the Beyond Extraction II Program will leverage lessons learned from the successful implementation of the Beyond Extraction Program (2016-2020) to further scale local impact investment efforts. The effort will also draw from knowledge and projects from other organizations in Moquegua that also aim at enhancing the region's competitiveness.
The program will deploy a systemic approach and engage with public and private sector actors that have the incentives and influence to impact the entire local ecosystem, in a collaborative effort between the IDB and local private sector entities, led by Anglo American and Mitsubishi Corp. (owners of the Quellaveco project, the largest mining project currently in construction in Peru).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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).