News

IDB to finance regional projects to support coordinated COVID-19 response

New submission deadline is May 15, 2020

In light of the recent developments and exceptional circumstances associated to the expansion of COVID-19 in the world, including Latin America and the Caribbean (LAC), the Inter-American Development Bank (IDB) makes available more than US$7 million in non-reimbursable resources under the 2020 Call for Proposals of the Regional Public Goods (RPG) Initiative to finance proposals for regional cooperation and policy coordination in the framework of LAC’s response to the COVID-19 pandemic. The 2020 Call for Proposals under the RPG Initiative opened on February 14, 2020.

Flexibilization mechanisms to allow for the submission of proposals under the current exceptional circumstances include a new deadline for submitting proposals on May 15, 2020 at 05:00pm (US Eastern Standard Time). All Information regarding the 2020 Call for Proposals can be accessed in the RPG Initiative website.

As is the case for all RPG projects, these proposals must be presented following the RPG Initiative General Guidelines and involve a collective solution produced by at least three IDB borrowing member countries. Alignment with the Bank's operational priorities, and particularly with IDB’s response to COVID-19 in all fields of action, including social, fiscal, infrastructure, environmental, trade, among others, is a selection criterion. The other criteria are the value-added of a regional (vs. national) approach to addressing a development challenge or opportunity and sustaining the benefits of regional collective action once the Initiative’s support has concluded.

The RPG Initiative provides technical grants to finance solutions to shared challenges through regional cooperation among three or more IDB borrowing member countries. Since 2004, the RPG Initiative has financed more than US$130 million for 180 projects.

About the IDB

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.

Press contact
More Information

Luciana García
Program coordinator
Lucianag@iadb.org