The Inter-American Development Bank announced a call for proposals for regional solutions to common problems afflicting countries in Latin America and the Caribbean.
This is the third call for proposals issued under the Initiative for the Promotion of Regional Public Goods, a regional support mechanism created by the IDB Board of Executive Directors. The Bank will provide up to $10 million annually to help finance the selected proposals.
The initiative is a response to challenges in Latin America and the Caribbean that can be dealt with more effectively in a regional context. Examples of regional public goods include cooperation in opening markets, controlling cross-border contagion of financial crises and of diseases, and the preservation of shared ecosystems.
In the two years of operation of this mechanism, the IDB has approved approximately $19 million in grants to support projects in all the borrower countries of the Bank in areas such as environmental protection, education, modernization of the state, financial markets, social development, nutrition, agriculture and democracy, among others.
The IDB is in a privileged position to contribute to the creation of the conditions that allow for the emergence of regional public goods due to its experience of more than forty years in financing regional cooperation activities.
The complete call for proposals, including the terms and conditions and a proposal preparation guide, can be accessed through the Initiative¢s website http://www.iadb.org/INT/BPR/.
The IDB will receive proposals in English or Spanish before October 16, 2006 by fax 1- 202- 623- 1687, electronic mail to BPR@iadb.org or regular mail t
Inter-American Development Bank
1300 New York Ave. NW, STOP W-0610
Washington, DC 20577
USA
Attention: Initiative for the Promotion of Regional Public Goods