The private arm of the BID began the process of public consultation of its Access to Information Policy, which will be extended for 120 days and includes virtual and face-to-face consultations. This policy is key to being able to access information about the projects financed by the Institution, which is substantially expanding its portfolio of projects in Argentina and Latin America.

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BID Invest (previously called the Inter-American Investment Corporation) is the arm of the Inter-American Development Bank (IDB) that is responsible for financing and advising companies and sustainable projects of the private sector that come from and are developed in the countries of Latin America and the Caribbean. It has a portfolio of US $ 11,200 million in assets under management and 330 clients in 23 countries.

Currently, BID Invest is updating one of its operational policies. To this end, a draft of the new Access to Information Policy has been prepared, which will replace its current Information Availability Policy (in force since 2005) in 2019. It is around this draft (which is available in the BID Invest website) that the public consultation will be held, open to all international civil society. The draft was opened for consultation on May 23 and will receive comments for a period of 120 days.

In turn, the consultation will include virtual and face-to-face dialogues. The virtual consultation will be available through the BID Invest website, and face-to-face consultations will be carried out through meetings (whose dates are yet to be confirmed) in several countries in Latin America and the Caribbean, as well as in Washington DC, where the body has its headquarters.

From FUNDEPS we will participate in this process of public consultation, reviewing the draft and sending comments to the Bank, in order to ensure that this new policy is framed in a true commitment to transparency in the exercise of its activities and to strengthen its governance and responsibility.

More information

Author

Agustina Palencia

Contact

Gonzalo Roza – gon.roza@fundeps.org