IDB launches CFPs for Regional Projects in Latin America and Caribbean
Deadline: 30-Apr-21
The Inter-American Development Bank (IDB) has launched the 2021 Call for Proposals for the Regional Public Goods (RPG) Initiative in Latin America and the Caribbean, which supports projects involving three or more countries.
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The RPG Initiative provides non-reimbursable financing for solutions to shared development challenges through regional cooperation among at least three IDB borrowing member countries.
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
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Priority Areas
The proposals submitted must be framed in one or more of the following five (5) priority areas of the Vision 2025 of the IDB Group for the implementation of the IDB’s Institutional Strategy and the region’s post-pandemic recovery:
Strengthening of regional value chains;
Digital economy;
Support for small and medium-sized enterprises (SMEs);
Gender equality and diversity; and
Climate change.
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The second update ratifies the three strategic priorities of the IDB Group’s work in Latin America and the Caribbean:
Social inclusion and equality;
Productivity and innovation;
Regional economic integration.
The second update also confirms that to address each of the three strategic priorities in IDB Group projects, three cross-cutting issues need to be considered:
Gender equality, inclusion and diversity;
Climate change and environmental sustainability;
Institutional capacity and the rule of law.
The second update also states that, in order to accelerate progress in the three strategic priorities, the IDB Group must strengthen its work on:
Resource mobilization;
Technology and innovation;
The three cross-cutting issues.
Eligibility Criteria
To comply with the regional criterion a proposal must meet the following two conditions:
A number of countries: A minimum of three (3) borrowing member countries of the Bank are involved in the production of the RPG. The Initiative may exceptionally consider proposals to finance bi-national projects These bi-national proposals will have to demonstrate that
The issue to be addressed is of a strictly bi-national nature;
The proposal fully justifies that the RPG to be produced has the potential for an exceptionally high development impact; and
The RPG produced can be replicated in other contexts should similar circumstances arise.
All other eligibility criteria of the Initiative will continue to apply.
Collective Action: RPGs need to be promoted by means of collective action among all participating countries. This means that the institutions engaged in the promotion of the RPG decide collectively how to achieve that goal, including the agenda, mechanisms and partners of their regional cooperation, as well as the regional commitments that they are willing to undertake. Therefore, proposals need to make the case that collective action will produce benefits that countries cannot achieve individually or that can be achieved only at a higher cost.
For more information, visit https://www.iadb.org/en/news/idb-launches-2021-call-proposals-regional-projects-latin-america-and-caribbean