IDB to Finance Regional Projects to support Coordinated COVID-19 Response
Deadline: 15 May 2020
In light of the recent developments and exceptional circumstances associated to the expansion of COVID-19 in the world, including Latin America and the Caribbean (LAC), the Inter-American Development Bank (IDB) makes available more than US$7 million in non-reimbursable resources under the 2020 Call for Proposals of the Regional Public Goods (RPG) Initiative to finance proposals for regional cooperation and policy coordination in the framework of LAC’s response to the COVID-19 pandemic.
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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.
In response to the exceptional circumstances that the world and Latin America and the Caribbean are experiencing, the 2020 Call for Proposals under the Regional Public Goods Initiative:
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Will prioritize the resources available to finance proposals related to the coordination of policies and solutions at the regional level to tend to, prevent and deal with future consequences of COVID-19 in Latin America and the Caribbean, in line with the Inter-American Development Bank’s (IDB) initiatives underway to meet these needs in the social, fiscal, infrastructure, environmental, and trade fields, among others. Notwithstanding, the Initiative will continue accepting proposals in other priority areas aligned with the IDB’s sectoral goals, objectives, and priorities on a subsidiary basis.
Will accept official emails (PDF format) from the highest level of the governmental agency responsible for public policy affected by the proposal, in lieu of the letter of commitment generally required for proposal eligibility. These emails must indicate the intent of the relevant authority to participate and support the project in question, in the same tenor as the model letter of commitment available at the given website. In the case of proposals from the private non-profit sector, the no-objection of the official IDB link will also be accepted via email (PDF).
The Initiative finances proposals that have been prepared or are endorsed by and benefit a minimum of three (3) and exceptionally two (2) borrowing member countries of the IDB.
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The RPG needs to be produced collectively. This means that the partner countries and institutions decide together their goal, how to achieve it, including their work plan, the agenda and the mechanisms of their governance and regional cooperation. All participating countries should have equal access to the products generated collectively.
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For more information, visit https://www.iadb.org/en/news/idb-finance-regional-projects-support-coordinated-covid-19-response