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Emergency Social Investment Fund Phase II
EN

Project Detail

Country

Nicaragua

Project Number

NI0065

Approval Date

December 7, 1994

Project Status

Closed

Project Type

Loan Operation

Sector

SOCIAL INVESTMENT

Subsector

POVERTY ALLEVIATION

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental Classification

-

Total Cost

USD 86,500,000.00

Country Counterpart Financing

USD 4,000,000.00

Original Amount Approved

USD 40,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
935/SF-NI Sovereign Guaranteed USD - United States Dollar Fund for Special Operations Concessional Financing
Operation Number 935/SF-NI
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Fund for Special Operations
  • Financial Instrument: Concessional Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1502788835-9366
Emergency Social Invesment Fund [460532].PDF
Published Dec. 31, 1999
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https://www.iadb.org/document.cfm?id=EZSHARE-1502788835-9367
Fondo de inversión social de emergencia [460535].PDF
Published Dec. 31, 1999
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Publications
Published 2022
Alcohol, Drug Use, and Road Traffic Injuries: A Multi-site Collaborative Study of Emergency Departments in the Dominican Republic and Peru
The objectives of this study are to report demographic and substanceuse characteristics and risk of road traffic injury from alcohol use, cannabis use, and combined use in a sample of emergency department patients from two countries in Latin America and the Caribbean: the Dominican Republic and Peru.
Publications
Published 2021
Domestic Violence Reporting during the COVID-19 Pandemic: Evidence from Latin America
This article examines changes in the frequency and characteristics of domestic violence reports after the start of the pandemic and the imposition of mobility restrictions in six Latin American countries. The study uses three types of data sources: calls to domestic violence hotlines (for the City of Buenos Aires in Argentina, Colombia, and Peru); calls to emergency lines (for Ecuador, Lima in Peru, and Costa Rica); and police/legal complaints (for Colombia, Ecuador, and Uruguay). Data through June 2020 shows that the pandemic's impact on domestic violence reports varied significantly across countries, periods, types of violence, and reporting channels. Calls to domestic violence hotlines soared, but calls to emergency lines and police complaints fell (especially in the first weeks of the pandemic). Significantly distinct patterns are observed between reports of psychological and physical violence, and non-cohabitant and cohabitant violence. These patterns are consistent with the pandemic changing the relative incidence of different types of violence and altering the perceived costs of reporting them through alternative channels. Increases in calls to domestic violence hotlines suggest that this channel was best suited to respond to victims' needs during the pandemic. In turn, the drop in legal complaints and calls to comprehensive emergency lines are consistent with an increase in the perceived (relative) cost of using these channels. The findings reveal how the pandemic altered domestic violence victims' demand for institutional help and highlight the relevance of domestic violence hotlines as an accessible and valuable service.
Publications
Published 2021
Inter-American Development Bank Annual Business Review 2020
The 2020 Annual Business Review (ABR) provides an overview of the IDB's performance on sovereign-guaranteed outputs and lending program priorities. The ABR identifies trend deviations from IDB portfolio targets to support Bank managements efforts to identify and implement corrective measures. This edition compiles data for all quarters in 2020.
Publications
Published 2020
Lending Instruments Report
The 2019-2020 Work Program of the Office of Evaluation and Oversight (OVE) included an assessment of the financial instruments of the Inter-American Development Bank (IDB). The objective of this assessment was to evaluate the extent to which the IDBs set of financial (and non-financial) instruments has been aligned wit hand effective in responding to the (changing) needs of clients. This first report is a knowledge product focused on sovereign-guaranteed (SG) lending instruments and modalities that takes stock of the findings of previous evaluations carried out by OVE. The purpose of the report is threefold: to provide summary information, based on OVEs past work, mainly for new members of the IDBs Board of Directors; to serve as a technical input for Board and Management discussions; and to identify information and knowledge gaps to inform OVEs upcoming work on financial instruments.
Publications
Published 2020
Social Protection and Informality in Latin America during the COVID-19 Pandemic
Latin American governments swiftly implemented income assistance programs to sustain families' livelihoods during COVID-19 stay-at-home orders. This paper analyzes the potential coverage and generosity of these measures and assesses the suitability of current safety nets to deal with unexpected negative income shocks in 10 Latin American countries. The expansion of pre-existing programs (most notably conditional cash transfers and non-contributory pensions) during the COVID-19 crisis was generally insufficient to compensate for the inability to work among the poorest segments of the population. When COVID-19 ad hoc programs are analyzed, the coverage and replacement rates of regular labor income among households in the first quintile of the country's labor income distribution increase substantially. Yet, these programs present substantial coverage challenges among families composed of fundamentally informal workers who are non-poor, but are at a high risk of poverty. These results highlight the limitations of the fragmented nature of social protection systems in the region.
Publications
Published 2020
COVID-19 and Police Agency Operations in Latin America and the Caribbean
This study analyzes how the COVID-19 crisis is generating changes in police work and assesses its potential impact on the effectiveness and legitimacy of police forces in Latin America and the Caribbean. According to a standardized survey administered to 13 police agencies in the region between April 15 and 27, 2020, the majority of agencies have prepared and taken rapid measures to implement security protocols and plans for contingency, as well as provide officers with protective equipment. Agencies have continued to answer calls for service and make arrests, although their usual preventive and community actions have been reduced. The study reveals that, in many cases, there is little information available on the scope and limitations of the powers of the police to enforce the sanitary measures required of citizens in the context of the pandemic. The main conclusion of the study is the need to be alert to changes in the police service and the possible negative consequences of the reduction of proactive and community activities, even more so when there is little clarity about the mechanisms that the police have to implement and carry out compliance with new regulations.
Publications
Published 2020
The Challenge of Protecting Informal Households during the COVID-19 Pandemic: Evidence from Latin America
Latin American countries introduced rapid emergency measures to sustain the income of informal workers and their families during shelter-in-place orders to contain COVID-19. The effectiveness of these measures is limited. The coverage and replacement rates of usual labor income are high among the first quintile of the population but fairly low in the second and third quintiles, where a substantial fraction of households are informal and have limited ability to telework. If governments plan to extend lockdown measures or reintroduce them in the future, they might need to consider broader income transfers for the lower-middle class.
Publications
Published 2021
Preferred and Non-Preferred Creditors
International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts, they normally pay IFIs in full. This paper presents a model where a creditor, such as an IFI, that can commit to lend limited amounts at the risk-free rate and can refrain from lending into arrears is always repaid and adds value. The analysis suggests that IFIs and market lenders can both enhance welfare, even if banning commercial borrowing can sometimes be optimal. To maintain their status, preferred lenders should offer low cost financing in volumes that are consistent with countries' incentives to repay even in bad states. This suggests such lenders should not differentiate lending interest rates according to risk and should not participate in the restructuring of commercial debt.
Publications
Published 2021
Research Insights: How Digital Tools Increase Access to Government Services and Social Programs through On-time Renewals of IDs
El envío de recordatorios por mensajes de texto SMS aumentó en 12 puntos porcentuales la probabilidad de que los ciudadanos renovaran a tiempo su cédula de identidad, mientras que el permitirles renovarlo por Internet solo aumentó las renovaciones en 8 puntos porcentuales. Ofrecer una opción virtual (en lugar de la renovación presencial) resultó menos eficaz debido a la mala experiencia del usuario con el procedimiento por Internet. Las personas más pobres que recibieron recordatorios también fueron más propensas a recibir transferencias de emergencia en especie, entregadas a través de vales digitales.
Blogs
Published 2019
What is the Contingent Credit Facility?
Hurricane Dorian’s impact on The Bahamas is a reminder that natural disasters can cause devastating loss of life and property, and impacted countries could have urgent financing needs for emergency response following a catastrophic event. The Inter-American Development Bank’s Contingent Credit Facility for Natural Disaster Emergencies (CCF) is designed to provide a financial safety net
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