Frequently asked questions
Yes, if it participated in the past, but if it won a prize, it is not eligible to compete again.
No, the competition is for nongovernmental organizations only.
Yes, it can participate.
No, not necessarily. Innovation can refer to a new type of social organization or a new method of strengthening, or it can apply to any area of a project.
No, the award is for organizations and institutions only.
Not in advance, but it will be required to submit a report to the Bank a posteriori on how the prize money was used.
No, the same organization cannot compete.
Previous winners cannot compete.
No, they must belong to an institution/organization enrolled as legal entities.
Yes, for more than 5 years.
The award is given to the institution/organization, not to a specific project.
The selection process has 4 phases: Phase 1: verification of compliance of requirements; Phase 2: selection of finalists by the Technical Selection Committee; Phase 3: eligibility check, due diligence and visits to the institutions; Phase 4: selection of winners by the Executive Selection Committee.