RG-T2900 : CANEF - Support to the Regulation, Technology Development, and Sustainability of the Hydrocarbon Sector of Latin America and the Caribbean

Project Status
Implementation

The Canadian Facility for the Extractives Sector (CANEF) supports the promotion of innovative and sustainable solutions for challenges in the extractives sector in Latin America and the Caribbean (LAC) that contribute to social, environmental and economic sustainability. In that sense, the objective of this project is to support the regulation, monitoring, and technology development of the hydrocarbon industry in the region in the context of the CANEF mission and vision of innovation and sustainability. The specific objectives of this project are (1) to support the capacity of regulatory agencies and institutions of hydrocarbon extraction; (2) identify and recommend available technologies that enhance resource extraction considering environmental vulnerabilities; (3) identify innovative financial and operational mechanisms that reduce the environmental impact of hydrocarbon extraction; and (4) monitor the regional hydrocarbon market in terms of economics, technology, regulatory practices, and environmental aspects of exploration, transportation, commercialization and consumption.

PROJECT DETAIL

Project Number RG-T2900
Operation Number ATN/CN-15818-RG
Country Regional
Sector ENERGY
Subsector ENERGY-NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Project Type Technical Cooperation
Environmental and Social Impact Category C
Project Status Implementation
Approval Date OCT 24, 2016
Contract Signature Date OCT 24, 2016
IDB Financing * 0.55

PROJECT INFORMATION

Total Cost H USD 550,000
Financing Type Non-Reimbursable Technical Cooperation
Fund CCF
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Undisbursed Amount H USD 398,672
Disbursed to Date R USD 151,328
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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