Juan Diaz Resilient Urban Watershed (IADB-PN-T1219)

Countries
  • Panama
Where the impacts of the investment may be experienced.
Specific Location
Panama City
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
Nov 29, 2018
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
Government of Panama
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 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)
$ 1.00 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 Jan 4, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank, the objective of this technical cooperation (TC) is to contribute to the preparation of studies associated with the implementation of the operation "Urban Watershed Resiliency Program - Panama" (PN-L1150). The objective of the operation is to improve the quality of urban habitat in the city of Panama through investments to mitigate climate vulnerability, improvement of environmental assets, and improved urban growth management. The loan operation includes the development of flood risk mitigation interventions and the reduction of climate vulnerability, as well as complementary interventions to improve urban habitability and public spaces along the watershed. The TC contributes to the preparation of PN-L1150 through an integrated and updated study on risk and hidrology along the entire watershed, the development of a territorial management plan and associated urban interventions, green infrastructure solution capable of contributing to resilience and of complementing proposed civil works; and execution and project design studies.

Investment Description
  • Inter-American Development Bank (IADB)
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).