Preparation
See other stages in the project cycle:
Approval, Implementation, Completion and Evaluation

Submitting proposals for financing

Proposals for MIF funding can be submitted year round, and can either be sent or delivered to the MIF specialist in the IDB/MIF office in the country where the project would take place. Soon, an online application form will also be available for submitting project proposals through our website.

For all documents related to the Project Cycle, go to the MIF Toolkit.

Preliminary proposal analysis (at least three weeks)

After the specialist in the country office assesses the proposal, using a list of basic criteria that all MIF financed projects must meet, it is then sent to IDB/MIF Headquarters in Washington, D.C.

MIF next places a project team and leader in charge of studying the proposal in greater detail. Working with the organization that submitted the proposal, known as the executing agency, they prepare a document describing the project, or the abstract.

Eligibility (at least four weeks)

The project team presents the abstract to the Policy and Operations Committee (POC), an internal MIF committee in charge of analyzing the project and determining its eligibility (based on the basic criteria a project must meet to get MIF financing). The project team also has to present an Institutional Assessment of the organization applying for financing to show that it meets the minimum requirements needed to be an executing agency of a MIF financed project. This assessment includes detailed information about the organization’s structure, history and activities.

Design and preparation (at least four months)

Once the project’s abstract has been declared eligible by the POC, the project team takes at least one trip to the country where the project will take place. This orientation or analysis mission allows the team to specify the project components, working in coordination with the executing agency to clearly define and design the operation. This phase includes preparing the operating regulations for technical assistance, logical framework, detailed project budget and terms of reference for consultants or consulting firms, all of which go into the document to be presented to and analyzed by the MIF Donors Committee, known as the Donors Memorandum.