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RG-T3496 : Enabling Projects, Clients and Markets through Improved Environmental and Social Risk Management

Project Status: Implementation

This Technical Cooperation (TC) focuses on the development challenges of Environmental and Social (E&S) Risks. The TC's objective is to improve the integration of E&S analysis as a core component of (i) private sector operations development and execution, and (ii) standard setting at the market and country level. Outputs from both components will seek to deliver standard-setting approaches that are to the benefit of both public and private sector actors. It is predicated on the knowledge that the private sector plays a fundamental role in delivering sustainable development, however, can only do so on the basis of sound environmental and social risk management approaches; this is particularly true in high impact/high growth sectors such as agribusiness, manufacturing, industry and energy to name a few. It acknowledges that E&S risk management standards among private sector actors are lacking, but through the right interventions leading models can be defined for the benefit of wider society. The TC is aligned with efforts to strategically employ OC resources to contribute to the acceleration of economic growth. This TC will address E&S risk management shortcoming by leading the implementation of key flagship interventions with private sector actors and related entities that provide a demonstration effect (Component 1) and use those experiences to develop sound E&S standards, knowledge products and build capacity at the sector and country level (Component 2). This TC will support the efforts to strategically employ OC resources by focusing on key sectors such as infrastructure, corporates, SMEs, and financial intermediaries with emphasis on gender, climate change and E&S sustainability.

Project Detail

Project Number
RG-T3496
Approval date
November 20, 2019
Project Country
Regional
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
ENVIRONMENTAL MANAGEMENT AND GOVERNANCE
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/OC-17738-RG

Financial Information

Project Number
RG-T3496
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Oct/21/2020

Roles & Responsibilities

Contract signature date
Nov/20/2019

Project Information

Total Cost
USD 1,250,000
Country counterpart financing
USD 0
Amount
USD 1,250,000

Preparation

Title
Type
Project Number
Date Published
TC Abstract
RG-T3496
February 19, 2020

Approved

Title
Type
Project Number
Date Published
TC Document
RG-T3496
February 19, 2020

Implementation

Title
Type
Project Number
Date Published
BEO Procurement
RG-T3496
August 26, 2020