According to the bank, this risk sharing Facility will unlock innovative and scalable financial instruments to support CSA investments, targeting, during an initial first phase, Mexico and Guatemala. The Facility will leverage funding from companies, financial service providers and equity funds. In conjunction with funds from the Green Climate Fund, the Facility will provide guarantee funds, anchor equity investments, long term and low cost debt funding and technical assistance grants to be channeled by the executing agencies to sub-projects in the climate-smart agriculture space.
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).