The Inter-American Development Bank (IDB) launched the 2016 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for development through regional cooperation. Since 2004, the RPG Initiative has financed 124 projects, investing a total of more than $93 million.
In 2016, the Initiative will provide grants to finance regional public goods (RPGs) that are produced collectively by a minimum of three IDB borrowing-member countries. Even though the Initiative is open to the promotion of RPGs in any development area covered by the IDB, alignment with the Bank's operational priorities is a selection criterion. The other two criteria are the value added of a regional (vs. national) approach to addressing a development challenge or opportunity, as well as the prospects of sustaining the benefits of regional collective action beyond the support of the Initiative.
The Initiative for the Promotion of Regional Public Goods is the IDB’s most prominent grant instrument to support intra-regional cooperation and the collective design of development solutions. Demand for its resources has intensified in tandem with the increasing importance of multi or bilateral South-South cooperation (SSC) in the development agenda of most LAC countries. The interest in SSC among the Bank´s borrowing members is a reflection of the fact that the region is a source of innovative development solutions that can be shared and replicated throughout LAC and in other parts of the developing world.
All Information regarding the 2016 Call for Proposals can be accessed in the website. All proposals must be presented in accordance with the General Guidelines applicable to all Call for Proposals and must besubmitted online before 11:59 pm (US Eastern Standard Time) on April 7th, 2016.
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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