Tag Archive for: IFIs

On June 27, the IDB Group (Inter-American Development Bank, IDB Invest, and IDB Lab) announced the opening of the public consultation process for the preparation of its new Institutional Strategy. The process will be carried out through collaborations and face-to-face and virtual consultations with interested parties, including civil society.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

In accordance with the mandate to review and prepare the Institutional Strategy every four years, the IDB Group announced a new opening of the public consultation process. The IDB Group is one of the main sources of financing for development in Latin America and the Caribbean and is made up of the Inter-American Development Bank (IDB); IDB Invest, which works with the private sector; and IDB Lab, which focuses on developing innovative ways to drive inclusive growth.

The main objective of the consultation is to receive opinions and inputs from interested parties, among which are representatives of governments, the private sector and civil society for the development of a new Institutional Strategy. The process begins after the agreement of the main guidelines established by the Executive Boards of both the IDB and IDB Invest. Once established, the procedure is divided into two phases: the first phase consists of consultations with representatives of the government, private sector, and civil society, either virtually or in person, in the 26 borrowing member countries. In turn, it also includes the possibility that any interested party can contribute inputs through an online form that is available until August 15, 2023. The second phase begins after the approval of the new Strategy by the the Board of Governors, in March 2024, in which those who participated in the public consultation will be informed about the inputs received and will be shared with them the new Institutional Strategy of the IDB Group that will be valid until 2030.

In Argentina there are three dates established for public consultations: with civil society (08/04/23), with the private sector (08/10/23) and with the government (08/16/23). To access the dates of public consultations in the other countries, consult here. For comments or more information, you can contact the following email: consultaspublicas@iadb.org

From Fundeps we consider the opening of this process as an opportunity to strengthen the Bank’s dialogue with civil society. This is why we will participate in the process in the month of August by sending contributions to strengthen the next institutional strategy.

 

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Author

Candela Jauregui

Contact

Gonzalo Roza, gon.roza@fundeps.org

This article aims to analyze the consequences of Argentina’s entry into the Asian Infrastructure Investment Bank. The structure of the Bank is analyzed, covering its characteristics and the performance of the institution in general terms, the repercussions of Argentina’s entry are considered, contemplating advantages and disadvantages and, finally, the effects associated with joining this institution are considered. to China’s projection on the international stage.

This document presents an analysis of the background and motivations that led Argentina to become a member of the AIIB and the implications that derive from it, as well as the possibility that Argentina advances in its incorporation into the BRI in the short term. In the same way, the challenges and opportunities that both initiatives represent for the country are addressed.

The purpose of the following report is an updated approach to the first AIIB project in Brazil, including its political, economic and environmental dimensions. First, an analysis is carried out on the main characteristics of the project, context and actors involved; then, we proceed to analyze the implications for Brazil of receiving such financing; and finally, the main environmental consequences are exposed.

The “CONAFIPS COVID-19 Credit Line project” has made Ecuador the first Latin American country to receive a Latin American loan from the Asian Infrastructure Investment Bank. This report reviews the project, emphasizing its fundamental characteristics, context, environmental and social standards, and main criticisms and concerns about it.

Within the framework of the Annual Meeting of the Inter-American Development Bank (IDB), held in Panama, a group of civil society organizations met with the president of the Institution, Ilan Goldfajn, in an attempt to strengthen the link between the parties.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

Between March 16 and 19, the Annual Assembly of Governors of the Inter-American Development Bank (IDB) and IDB Invest was held in Panama City. It is a debate forum in which the members of the institution, together with those who preside over the central banks and other high-level authorities, discuss and address issues on issues considered to be a priority.

In the opening speech, the current president of the IDB, Ilan Goldfajn, outlined some of the institution’s priorities, which revolve around social issues such as food security, poverty, inequality, health, and education. In turn, he emphasized the mitigation of climate change and adaptation to it, stressing the need to deal with the increasingly frequent natural disasters in the Latin American and Caribbean region. The importance of preserving the biodiversity through the elaboration of an Amazon Regional Program.

The Board of Governors commissioned the preparation of a capital increase proposal for IDB Invest in order to implement a new business model that increases its impact on development through the private sector. In addition, he reiterated the importance of preparing a new Institutional Strategy proposal for the IDB Group, whose approval is scheduled for the next annual meeting in 2024.

The limited participation of civil society

After repeated requests made by a group of civil society organizations, the Bank authorized their participation in the event, although in a limited manner and closed to those who received an invitation. In addition, it was possible to arrange a meeting with the president of the IDB on March 17. In said meeting, the need to generate spaces for dialogue and express the demands of civil society in relation to the bank was raised. Both the possibility of participating in the event and the possibility of meeting with the president represent positive developments, although it remains to be seen if these are real changes in the institution. For now, the bank has invited to continue the dialogue in the coming months to achieve a more effective participation in the annual meetings of 2024.

From Fundeps we have been following and participating in this process together with organizations in the region that make up the IDB Working Group, and we will continue actively in the dialogue processes proposed by the bank.

 

More Information
Governors endorse the vision, priorities and plans for the IDB Group | IADB
Open letter from civil society organizations to IDB President Ilan Goldfajn – Fundeps
The Brazilian Ilan Goldfajn is the new president of the IDB – Fundeps
Open letter to the IDB for the election of a new presidency – Fundeps

 

Authors
Candela Jauregui
Valentina Rasso

Contact
Gonzalo Roza – gon.roza@fundeps.org

More than twenty organizations from Latin America and the United States addressed a letter to the president of the Inter-American Development Bank (IDB) Ilan Goldfajn. They ask that the Bank strengthen its work by committing itself to respect for Human Rights and the protection of the environment and that spaces be created for greater articulation with civil society.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

The organizations, members and allies of the Coalition for Human Rights in Development alluded in the letter to the commitment assumed by Goldfajn in his inaugural speech as president of the Bank to “take advantage of all opportunities for dialogue” and collaboration with governments, the sector private sector, academia and civil society to solve regional problems.

To strengthen the articulation with civil society, the organizations urged the Bank to open a space for dialogue with civil society at its Annual Meetings, not only because it is a good practice implemented by other multilateral organizations, but also because it is a unique opportunity. to include communities affected by projects.

Since 2017, the group of signatory organizations of the letter has been monitoring and enriching the Bank’s policies and projects that it hopes to continue carrying out. The organizations have contributed to the IDB Environmental and Social Policy Framework, updates to the Independent Consultation and Investigation Mechanism policy, and the Bank’s Access to Information Policy review process.

The organizations seek the IDB to ensure in its practices and operations the promotion and respect of Human Rights, particularly of indigenous peoples, and the protection of key ecosystems in the fight against climate change.

The next Annual Meeting of the Boards of Governors of the IDB and IDB Invest will be held in Panama from March 16 to 19.

Signatory organizations:

  1. Accountability Counsel
  2. AMATE El Salvador
  3. Articulación Salvadoreña de Sociedad Civil para la Incidencia en las Instituciones Financieras Internacionales (ASIFI)
  4. Asociación Ambiente y Sociedad
  5. Asociación Interamericana para la Defensa del Ambiente (AIDA)
  6. Bank Information Center
  7. Center for International Environmental Law (CIEL)
  8. Coalición para los Derechos Humanos en el Desarrollo
  9. Cohesión Comunitaria e Innovación Social A.C. (México)
  10. Conectas Direitos Humanos
  11. Derecho, Ambiente y Recursos Naturales (DAR, Perú)
  12. Ecoa – Ecologia e Ação
  13. Fundación para el Desarrollo de Políticas Sustentables (Fundeps)
  14. Fundación CAUCE: Cultura Ambiental – Causa Ecologista. (Argentina)
  15. Gender Action
  16. International Rivers
  17. International Accountability Project
  18. Mesa de Discapacidad y Derechos (Perú)
  19. Plataforma Internacional contra la Impunidad
  20. Protection International Mesoamérica
  21. Sociedad y Discapacidad – SODIS (Perú)
  22. Sustentarse (Chile)
  23. Wetlands International / Fundacion Humedales (Argentina)

Read the full letter here: Letter to IDB President

 

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After participating in a series of face-to-face and virtual public consultations, a group of Civil Society Organizations (CSOs) from the region sent comments and suggestions to the IDB in the framework of the revision of the Bank’s Access to Information Policy.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

On December 28, 2022, the deadline established by the Inter-American Development Bank (IDB) for sending comments on the draft of the institution’s new Access to Information Policy (PAI) ended. Thus concluded the Second Phase of the Public Consultation Process approved by the Bank and which lasted 90 days.

Within this framework, together with a group of Civil Society Organizations in the region, we sent a document with comments and recommendations in relation to the Draft Policy prepared by the Bank, which, although it incorporates some positive advances, is not enough to guarantee the right of access to information effectively in relation to the actions of the Bank and its customers.

Among the main recommendations and suggestions highlighted in the document, the following stand out:

  • Commitment to access to information as a fundamental human right. The Bank must establish clear commitments to guarantee respect for access to information as a fundamental human right. The right to information is also a key access right for the exercise of other fundamental rights, such as the consultation, participation and involvement of people and communities impacted by projects in decisions that affect or may have an impact on their ways of life. .
  • Implementation Guidelines. It is concerning that some criteria and parameters that will make the PAI effective are left to be addressed in the Implementation Guidelines. In this way, the effectiveness and force of the PAI will depend a lot on the Implementation Guidelines that do not require mandatory compliance as the PAI itself does. In turn, these Guidelines should be consulted through a meaningful participatory process with civil society.
  • Language ambiguity. The PAI contains a lot of ambiguous language and vague and diffuse commitments, which opens the door to different interpretations, including breaches and serious misconduct. Likewise, it prevents the establishment of clear requirements for the borrowers and also the responsibilities of the Bank itself. The Policy must avoid flexibility and ambiguity of language to prevent the use of discretion and non-compliance with respect to its guidelines.
  • Specification of what information is going to be published proactively, disclosure times, in what formats, channels and deadlines. The PAI must clearly establish what information it is going to proactively publish, through what channels or media, in what formats and in what terms. In turn, response times to requests for information are excessive, and the IDB reserves the right to extend these terms indefinitely. The Bank must define shorter and clearer terms in terms of its responses to requests for information, and must be aligned at least with the currently applicable international standards.
  • Country or customer proprietary information. Although the elimination of the “Exception specific information of countries” is celebrated, there is concern that other points of the policy may end up undermining the principle of maximum disclosure and the openness that is intended with such elimination.
  • Exceptions. The exceptions must be more precise and clear criteria must be established for their application, as well as the identification of the specific documents or information to which access will not be given under the exception.
  • Damage assessment. The inclusion of the assessment of the damage for the application of the exceptions is celebrated. However, clear criteria and scales must be specified to delimit its application. If an effort is not made to define these criteria and procedures in the body of the Policy (and leave them for the Implementation Guidelines), there is a risk that during their application discretionary use of exceptions will end up prevailing on the part of the Policy. of the Bank and borrowers. It is recommended to incorporate the criterion of public interest in the damage assessment, as a counterbalance to the damage, and to make the results of the damage assessment public in each specific case.
  • Open data, simple language, accessible formats and usability of the information. The information that is disclosed and published must be useful for those who request it, especially for the communities affected by IDB projects, paying attention to marginalized groups, such as indigenous peoples, Afro-descendants, people with disabilities, women, the LGBTIQ+ population, among others. others. The accessible format, the simple language and the generation of open data are related to the usability of the information. It is recommended that the IDB address the issue of accessible formats, simple language, and open data in more detail and in a transversal manner throughout the PAI, taking into account the importance of this aspect, especially for marginalized groups.

It should be noted that a large part of the recommendations and suggestions contained in the document were previously raised in the framework of the public consultations carried out by the IDB, both online and in person in Montevideo, Bogotá and Washington DC. Precisely, from Fundeps we participated in the face-to-face public consultation in Montevideo, Uruguay on November 15, 2022.

We hope that the inputs provided by civil society are considered by the Bank and contribute to strengthening the draft Access to Information Policy proposed by the institution, which is far from incorporating the highest standards in the matter.

To access the complete document with comments and suggestions sent to the IDB, access here

 

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Contact

Gonzalo Roza, gon.roza@fundeps.org

On November 20, the Board of Governors of the Inter-American Development Bank (IDB) appointed Brazilian candidate Ilan Goldfajn, former president of the Central Bank of Brazil and current director for the Western Hemisphere of the IMF, as its new president. After withdrawing the candidacy of Cecilia Todesca, the government of Alberto Fernández supported the candidate promoted by Brazil.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

On September 26, following the recommendations of the Board of Executive Directors, the Board of Governors of the IDB announced the termination of the executive functions of Mauricio Claver-Carone. After the announcement, and through an official statement, the selection process of the person in charge of the next presidency of the institution began.

The Board of Governors, the IDB’s highest authority, is made up of representatives of the 48 member countries, whose voting power varies according to the capital that the country subscribes to the institution. According to the organization’s press release, “to be elected, the candidate must obtain a majority of the voting power of the IDB member countries, as well as the support of at least 15 of the 28 regional member countries.”

In this way, the candidate must consecrate himself with the majority of the voting power of the member countries to be elected. Voting power fluctuates according to the number of shares owned by each state. The largest investor is the United States, which with 30% of the total funds has a key role in the election. They are followed by Argentina and Brazil, with 11.3% each. Mexico accounts for almost 7.3%, Japan 5%, Canada 4%, Venezuela 3.4% and Chile and Colombia 3.1%. The rest is divided into small percentages from different countries.

The new president of the Bank will assume his functions for a period of five years with the possibility of being re-elected only once, and will be responsible for managing the daily affairs of the Bank, as well as managing its operations together with the Presidential Office. The president also formulates proposals on the Bank’s general policy and presides over the meetings of the Board of Directors, being able to vote only in case of a tie.

The alliances behind the election

The new president-elect was consecrated with 80.8% of the votes, and was proposed by the government of Jair Bolsonaro in view of a candidate who would bring consensus to the region after turbulent periods for the Bank, following the dismissal of the former president Mauricio Claver-Carone for violations of the code of ethics. In this way, and thanks to the support of the United States, Canada, and at the last minute from Argentina, Ilan Goldfajn managed to position himself as the new president of the IDB.

It is worth noting the late support of Alberto Fernandez to back the candidacy of the Brazilian; despite his intention to position Cecilia Todesca Bocco as the first woman and the first Argentine to preside over the IDB. However, as a result of the change in its position and the support for Goldfajn, Argentina managed to keep three positions: the Vice Presidency of Sectors, the Infrastructure Management, and a new Institute of Gender and Equality, which will be part of the new management of the IDB.

With annual loans of around 14,000 million dollars, the IDB is the largest source of financing in the region and the change of leadership is essential for the institution to refocus its attention on Latin America after two years of a US presidency.

Prior to the appointment of Goldfajn, from Fundeps and together with a group of civil society organizations in the region, we present an open letter in which we urge those who make up the Board of Governors of the IDB to ensure a transparent selection process and urge the Bank to ensure that the designated person has:

  • Knowledge of the region and experience working with its institutions and communities.
  • Commitment to human rights, sustainable development and the work of human rights defenders.
  • Comprehensive experience and vision on sustainability and environmental protection.
  • Commitment and openness to include civil society and communities affected by the projects.
  • That it prioritize the discussion for the development of a framework for reparation to the affected communities.
  • Lead by example and act in accordance with the highest ethical standards.
  • Commitment to regional and international agreements and treaties that address climate change, the protection of biodiversity, the defense of human rights and sustainable development.

It remains to be seen if Goldfajn, in the course of his tenure, manages to live up to and meet at least part of these requirements. In any case, we believe that a historic opportunity has been wasted to finally position a woman in the presidency of the Bank, a pending account of this type of multilateral institutions. Beyond the progress made by the IDB in generating job opportunities for women and their number in management positions, it is estimated that 3 out of 14 seats on the executive boards are occupied by women; in the alternate executive directorates, out of 12 chairs, only one is occupied by a woman. What gives rise to the claim to this type of organizations to promote specific spaces for participation for women and dissidence in the most hierarchical positions, which allow breaking the glass ceiling.

More information:

Authors:

Candela Jauregui

Clara Labat

 

Contact:

Gonzalo Roza, gon.roza@fundeps.org

 

Given the opening of a new election process for the presidency of the IDB group, civil society organizations in the region and communities affected by projects, we sent an open letter with recommendations on the profile of who will preside over the Bank.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

In the letter we urge those who make up the Board of Governors of the IDB to take advantage of this opportunity so that the person who is selected is someone with probity, capable of leading the transformations that the institution requires today and of effectively facing the emergencies and environmental and social challenges in Latin America and the Caribbean.

Likewise, we consider that the job description must be clear, the selection process transparent, and we urge the Bank that the person who is selected have:

  • Knowledge of the region and experience working with its institutions and communities. Commitment to human rights, sustainable development and the work of human rights defenders.
  • Comprehensive experience and vision on sustainability and environmental protection. Commitment and openness to include civil society and communities affected by the projects.
  • That it prioritize the discussion for the development of a framework for reparation to the affected communities. Lead by example and act in accordance with the highest ethical standards.
  • Commitment to regional and international agreements and treaties that address climate change, the protection of biodiversity, the defense of human rights and sustainable development.

The election is scheduled for November 20, with voting power varying according to the number of shares held by each member country. The person who is finally appointed to the presidency of the IDB Group has the opportunity to lead a Bank that is stronger, more responsible, more effective and, above all, closer to the peoples of the region, leading the way towards truly sustainable and inclusive development.

Contact

Gonzalo Roza – gon.roza@fundeps.org

The Inter-American Development Bank (IDB) announced in August the opening of the public consultation process to receive input on the proposal for the new Access to Information Policy (PAI). This process will last 150 days and will include asynchronous queries and direct exchanges.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

The Inter-American Development Bank is one of the main multilateral institutions that finances projects in a large part of the Latin American countries. In the IDB’s field of work, transparency and integrity are essential. It is in this area where reforms are promoted that seek to improve the quality of regulations and institutions, as well as expand access to information.

In this sense, the IDB announced a new Access to Information Policy Proposal, which will replace the Bank’s current Access to Information Policy, in force since 2011. It is around this new draft that the public consultation is carried out. , which was launched on August 29 of the current year and will last 150 days.
The objective of the public consultation lies in the possibility of receiving, either in written or verbal form, opinions and inputs from those parties that want to contribute to enriching the quality of the document and the organization’s understanding of the perspectives and perceptions of the various civil society actors regarding access to information on Bank activities in the region.

The period of time stipulated by the procedure is divided into three phases. Initially, in September, three virtual synchronous dialogues were established (in English, Spanish and Portuguese), which will allow the Bank to collect opinions and identify new references that can enrich the new PAI. As of October, the second part of the procedure began, we are talking about the asynchronous consultation phase, which will be available for a period of 90 days, where the final version of the new PAI document will be strengthened. Face-to-face meetings will also be held in Costa Rica (October 25), Uruguay (November 15) and in a Caribbean country not yet defined (November 3). In principle, to participate in the virtual consultation instances, it will be necessary to register in advance on the Virtual Platform for Public Consultation Processes and request access to the consultation. Finally, regarding the third phase, it has a stipulated duration of 30 days throughout the month of March and seeks to inform the participants about the closure of the consultation process and the inputs received and considered, both those that were included as those that were not included in the final version of the policy approved by the Board of Executive Directors.

Since one of our main pillars of work is based on transparency, we have sent a letter, along with other regional civil society organizations, detailing our concerns and recommendations to strengthen and improve the consultation process. They are structured in seven main pillars, among which we can mention: update and organize the information regarding the consultation process in a single place on the IDB website to ensure that all interested parties and affected communities are effectively informed ; incorporate a 30-day public period to submit comments and recommendations to a second draft of the IAP; proactively solicit input from stakeholders to facilitate their participation in consultation processes, so that civil society has the opportunity to shape the debate; eliminate the barriers that exist in the consultation plan to guarantee effective participation, barriers that revolve around, above all, the electronic platform, which is a condition to be able to participate in this instance; confirm and disseminate in advance the calendar with the dates and places of the face-to-face consultations planned for the second phase; open a public comment instance for the implementation guidelines of the future PAI; and, finally, meeting with civil society at the Annual Meeting of the IDB Group in Panama 2023.

In this way, we hope to be able to collaborate with the IDB’s management to ensure that the consultation process is truly fruitful and participatory and that it enables the Bank’s new Access to Information Policy to be strengthened and perfected.

To access the draft of the new policy that is being submitted for public consultation, click here. Comments and suggestions on the draft can be sent to the following email: consultapai@iadb.org

More information:

Author
Valentina Raso

Contact
Gonzalo Roza – gon.roza@fundeps.org

Within the framework of the current review process of the IDB Access to Information Policy, Fundeps, the Environment and Natural Resources Foundation (FARN) and the CAUCE Foundation: Environmental Culture – Ecological Cause held, on September 29, the webinar “Review of the IDB Access to Information Policy. An opportunity to improve the transparency of the Bank”. The event discussed the shortcomings of the current policy under review, the difficulties in its implementation and the priorities regarding the ongoing public consultation process.

“Below, we offer a google translate version of the original article in Spanish. This translation may not be accurate but serves as a general presentation of the article. For more accurate information, please switch to the Spanish version of the website. In addition, feel free to directly contact in English the person mentioned at the bottom of this article with regards to this topic”.

The Access to Information Policy (PAI) of the Inter-American Development Bank (IDB) has become outdated. It dates from 2010 and its entry into force is dated 2011. So far it has not been modified, despite the fact that the current context is far from the rights acquired by people from the regulatory advances in terms of citizen participation and access to information and justice. At the end of 2019, the IDB began a review process of its Access to Information Policy that was suspended months later and has recently been reactivated.

In this context, it is necessary to underline that the right to information is a fundamental human right, as a necessary condition for people, communities and organizations to be informed and actively participate in decision-making processes, as well as being a pillar of transparency and accountability.

Based on the above, the webinar was structured in 3 main moments: to begin, the report “Flaws in the Inter-American Development Bank’s Access to Information Policy” was presented, prepared jointly by the 3 organizations mentioned above, which Its objective is to analyze the normative aspects contained in the current PAI and the difficulties in its implementation, the review process initiated and the intended policy profile. Likewise, its shortcomings and recommendations for strengthening the PAI were identified, with the ultimate goal of effectively guaranteeing the right of access to information. Second, the current status of the PAI review process was emphasized. Finally, from the Chilean organization Sustentarse, they commented on experiences and practical cases in Latin America in which it is possible to perceive the shortcomings that the IDB still has in terms of access to information. The webinar ended with questions and reflections from the people who spoke and attended the event.

To view the recorded webinar, click here

More information

Author

Camila Victoria Bocco

Contact

Gonzalo Roza, gon.roza@fundeps.org