ConnectAmericas 2021: Facilitating Inclusive Trade and Nearshoring in LAC (IADB-RG-T3818)

  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Mar 3, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The objectives of the TC are: (i) to facilitate the internationalization of LAC SMEs, with a particular focus on the inclusion of women and minority owned businesses, and (ii) to facilitate nearshoring and FDI in LAC. To develop services and solutions that contribute to these objectives, this TC will leverage on the following CA assets: (i) database of registered businesses registered on the CA platform, network of local partners, its network of Anchor and Knowledge partners, and the experience of the ConnectAmericas team designing, testing developing, and implementing technology solutions to facilitate regional integration.

The Latin American and Caribbean (LAC) region is expected to shrink between 4.6% and 5.2% because of the coronavirus pandemic. Micro, Small, and Medium Enterprises (MSMEs) are the type of firms most vulnerable to the effects of the coronavirus pandemic. This is particularly concerning because MSMEs are a central pillar of our regional economythey are 99.5% of firms in LAC, employ 60% of LAC's formal workforce, and contribute one quarter of our region's total productive value.
At the same time, there is an opportunity. Because of the increased perception of risk due to the pandemic, multinational corporations (MNC) have accelerated the reconfiguration of their Global Value Chains (GVCs). Many of these corporations are looking into geographically closer locations to source supplies, relocate or outsource their operations, or invest in existing assets. Such nearshoring is a central priority of the new IADB management and constitutes an opportunity for LAC SMEs that are capable of integration into these GVCs or becoming investment recipients. This TC seeks to harness the IDB's ConnectAmericas assets to help MNCs invest and nearshore in LAC, and help LAC MSMEs tap into this opportunity.

ConnectAmericas (CA) is an IDB-led initiative created to help LAC MSMEs internationalize. It consists of: (i) an online platform ( where users can apply to purchasing announcements from corporations and governments, contact any of the 450,000 registered business people, access e-learning tools (online courses, webinars, videos, articles, and self-assessment tools), and apply to receive financing from local banks; and (ii) a series of face-to-face, sector or geography-specific business matchmaking events that connect LAC SME exporters with buyers from all over the world.

The CA team has witnessed first-hand the fact that online business connection tools and e-learning have become essential for LAC businesses during the pandemic. The number of new firms registered on CA in 2020 was 40% higher than in 2019. The number of people who accessed increased dramaticallyCA webinars viewers increased by 121% in 2020.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


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 You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).

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