Support to the Promotion of the Trade Facilitation Agenda in Latin America and the Caribbean (IADB-RG-T2941)

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
Active
Bank Risk Rating
C
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.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Nov 8, 2017


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Project Description
The general objective of Technical Cooperation is to support, at the regional, subregional, bilateral and national levels, the trade facilitation agenda of the countries of Latin America and the Caribbean, which places emphasis on overcoming some of the obstacles mentioned above, on promoting convergence and regulatory homologation and on supporting initiatives that seek to simplify customs procedures, ease the bureaucratic burden, speed up clearance times and reduce costs. Thus, the TC seeks to deepen and leverage efforts undertaken under RG-T2527, RG-T2073, NI- L1083, CR- L1066, PN - L1107 and GU-L1086 among others. In addition, this technical cooperation will support the execution of loan operations PE-L1159 "Program for the improvement of Foreign Trade Facilitation Services through the Foreign Trade Single Window (VUCE)" and AR-L1251 "Program for the implementation of the National Regime Of the Single Window of Argentine Foreign Trade (VUCEA). In particular, RG-T2941 supports the implementation of the interoperability components contained in both operations by supporting the participating countries in the process of homologation of the procedures and certificates to be exchanges by the countries and in the development and training of officials in the definition of normative and technological standards that allow the interoperability of the VUCEs. The execution of this TC, over a medium and long-term horizon, is aligned with the sectoral priorities of the Bank's Ninth General Capital Increase (GCI-9) (see (iv) competitive global and regional integration) by seeking to improve the integration and intra-regional and global trade of Latin American and Caribbean countries and the conditions of operation of transport and logistics services among the countries of the region. The Fund for Integration Infrastructures (FIRII) finances technical cooperation projects that include studies related to the integration of regional infrastructure and the preparation of projects for the integration of Infrastructure. In this sense, FIRII seeks to address institutional, operational and regulatory bottlenecks that hamper the execution of regional infrastructure projects and generate consensus for the execution of such regional integration projects. This Technical Cooperation, dealing with the development of trade management capabilities, seeks to strengthen institutional capacities linked to physical border integration and, at the same time, the approval by the relevant authorities of the management model. In this way, this TC is aligned with the FIRII objectives.
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).