Support for Economic Recovery after the COVID-19 Pandemic in Suriname (IADB-SU-T1134)

Countries
  • Suriname
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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."
Borrower
Government of Suriname
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.35 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 Jul 27, 2020

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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 general objective of this Technical Cooperation (TC) is to support the Government of Suriname with an assessment of the impact of the 2019 Novel Coronavirus (COVID-19) pandemic on different economic and social sectors with the aim of identifying a targeted strategy for economic recovery. The specific objectives of this TC are to: (i) assess the socioeconomic impact of COVID-19; and (ii) establish a set of priority actions to be implemented in the short to medium term to support the socioeconomic recovery of Suriname. To achieve these objectives, TC resources will finance: (i) a Survey of Living Conditions (SLC) to collect household and individual level data on the socioeconomic impact of the COVID-19 pandemic; (ii) microeconomic studies assessing the impact of COVID-19 on poverty, inequality and social protection; and (iii) host events to share the findings with the government and key stakeholders. The results of the activities financed by this TC will serve as an input for the preparation and formulation of future operations to support socioeconomic recovery in Suriname. The Country Office Suriname will request further technical assistance to complement this TC to support lending operations in the areas of fiscal and debt sustainability.

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

Not available


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.

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).

How it works

How it works