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According to the IADB, the general objective of this technical cooperation is to enable financial instruments for natural capital and ecosystem services regeneration in the Gran Chaco Americano. The specific objectives are: i) to map and identify conservation areas within the Gran Chaco Americano that are important habitats for the jaguar, flagship specie for biodiversity; ii) to leverage resources for conservation and ecosystem regeneration through targeted financial instruments such as habitat banks, green credits and bonds, debt-for-nature swaps, nature funds, and others, iii) strengthen the public capacity to support efficiently the development and operationalization of these financial instruments. The overarching goal is to mitigate risks and concurrently create favorable conditions for investors, companies, and government authorities. This collaborative effort is designed to assist them in meeting their environmental and biodiversity targets (NDCs and NBSAPs), encompassing conservation goals, greenhouse gas (GHG) emissions reduction, and various other environmental objectives, including alignment to Global Biodiversity Framework in the Kunming-Montreal Agreement.
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).