GAIA Vitare: Transforming Waste into Resources through a Circular Economy that Protects the Environment
The objective of the project is to increase the capacity for processing engineering plastics 11 through the use of more efficient and automated technology and infrastructure so as to permit greater recovery and recycling of those materials, thereby contributing to the reduction of greenhouse gas emissions and the transition to a circular economy with the support of waste pickers.

Project Detail

Country

Colombia

Project Number

CO-L1303

Approval Date

May 16, 2024

Project Status

Implementation

Project Type

Loan Operation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE FINANCING

Lending Instrument

Programa de Empresariado Social & Pequeños Proyectos

Lending Instrument Code

SMP

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,200,000.00

Country Counterpart Financing

USD 1,200,000.00

Original Amount Approved

USD 2,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
SP/OC-24-69-CO Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital New Social Entrepreneurship Program Financing
Operation Number SP/OC-24-69-CO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: New Social Entrepreneurship Program Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50339
Loan Contract
GAIA Vitare - Transforming Waste into Resources through a Circular Economy that Protects the Environment.pdf
Sep. 18, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50340
Loan Contract
GAIA Vitare - Valorizando los Residuos para Convertirlos en Recursos a través de una Economía Circular que Protege el Medio Ambiente.pdf
Sep. 18, 2024
Spanish
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0002074-304604755-7
Environmental and Social Review Summary
Gaia_Resumen de la Revision Ambiental y Social (RRAS).pdf
Apr. 12, 2024
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0002074-631901611-4
Profile
IDEATE 2024-04-03 Public Summary 1431 CO-L1303.pdf
Apr. 03, 2024
English

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