On January 30, 2017 MICI granted the Requesters a maximum term of 10 business days to submit additional information required for processing the Request.
The Request was registered on February 15th, 2017, and notifications were sent to Requesters and Bank Management.
On April 21, the Board of Executive Directors approved the request sent by the MICI Director to extend the deadline for the determination of eligibility of the Request by 10 business days. The objective of this extension request was to allow for a detailed analysis of all the information collected during the mission to the Project site, which took place during the week of April 10th. The new deadline for the emission of the Determination of Eligibility Memorandum is May 1, 2017.
On May 1st, MICI determined that the Request was eligible as it complied with the criteria set forth by the Mechanism’s Policy.
This determination of eligibility and the initiation of the MICI process do not halt the Project or its disbursements. Likewise, is not an assessment of the merits of the Request or of the issues presented in it; nor does it represent an approval to conduct an investigation to determine compliance or non-compliance by the Bank with respect to its Relevant Operational Policies.
In accordance with the Requesters' wish to use the Compliance Review Phase, the Request was forwarded to that Phase, starting the deadline for MICI to prepare a draft of Recommendation and Terms of Reference for a Compliance Review.
Due to the multiple topics presented in the Request, MICI required an extended period of time to analyze the documentation and prepare the Draft Recommendation for a Compliance Review. The Board of Executive Directors granted the extension; the new due date to circulate the draft to the Parties is July 28.
On July 28th, the MICI Director requested a 6 business-day extension from Board of Executive Directors to submit the Draft Recommendation for a Compliance Review for comments from the Parties. MICI requested this extension upon receiving public information that may have an impact on the content of the document. The new deadline for circulating the draft among the Parties is August 7, 2017.