Consolidation of Financial Integration in the Pacific Alliance (IADB-RG-T3084)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Specific Location
Pacific Alliance
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
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.
Voting Date
Aug 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
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.40 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 Oct 6, 2018


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Project Description

According to the bank, the objective of this TC is to promote the financial integration of the Pacific Alliance (PA), supporting an agenda of activities in the financial markets of the beneficiary countries. Through knowledge products and the creation of forums for dialogue and multilateral collaboration (between participating PA governments) and between participating governments and the private sector, it is hoped to facilitate the development of proposals and the implementation of concrete actions that Advance the issues that prioritize the governments of the PA. To this end, the specific objectives are: (i) to develop knowledge products that deepen the analysis of initiatives aimed at promoting financial integration in the financial and capital market, including bank financing (foreign trade and factoring), opening and management of Bank accounts, capital market operations, investment funds, pension funds, and any other financial integration initiative to be prioritized; (ii) the development of forums for multilateral dialogue (between PA participating governments) and between participating PA and private sector governments to discuss technical proposals; and (iii) the evaluation and dissemination of results and good practices.

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).