The objective of this TC is to continue strengthening the support of the IDB Group to the region in terms of Public-Private Partnerships (PPP) project preparation and development, as well as technical and institutional strengthening, and PPP knowledge generation in Latin America and the Caribbean (LAC) contributing to the funding of the Facility created in 2017 through TC RG-T2998, and later reinforced with other resources. The challenges that the region is currently facing (IDB Macroeconomic Report, 2020) make it even more necessary to promote private participation through efficient and sustainable infrastructure projects in solid and stable regulatory and institutional environments that allow to enhance the multiplier effect of infrastructure over the economy. The demand identified for the preparation of specific projects through PPP schemes has multiplied and far exceeded the resources mentioned. The objective therefore is to partially respond to these requests to ensure efficient and sustainable development through PPPs in the current crisis context always assuring the best possible use of (scarce) public resources, contributing to the economic and inclusive growth of the region.
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).