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Distribution of Income in Latin America
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Project Detail

Country

Regional

Project Number

TC6511077

Approval Date

November 22, 1965

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM AND PUBLIC SECTOR SUPPORT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 8,500.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 8,500.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/TF-65-108-SS Sovereign Guaranteed USD - United States Dollar Social Progress Trust Fund Nonreimbursable
Operation Number ATN/TF-65-108-SS
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Social Progress Trust Fund
  • Financial Instrument: Nonreimbursable
Publications
Published 2021
The Role of Active Transport Modes in Enhancing the Mobility of Low-Income People in Latin America and the Caribbean
Active transport modes play a key role in developing sustainable transport systems by making cities accessible, safe, inclusive, and green. In Latin America and the Caribbean, walking and cycling represent a large share of total trips, especially for low-income groups. But for them, the decision to travel by using active transport modes, especially walking, is not based on sustainability but affordability. Income disparities in the region are also reflected in pedestrian and cycling infrastructure, with poor neighborhoods lacking infrastructure of sufficient quality or size. Despite some successful experiences in the region, there is a lack of integration between transport modes, particularly public transport and cycling, which is crucial for improving the accessibility of low-income people, who usually live in peripheral areas, face long commutes, and require connecting infrastructure and services. The region has the opportunity to improve low-income groups access to livelihood opportunities and key services by developing infrastructure supporting nonmotorized transport, increasing citizen participation in planning, improving planning and regulation, and integrating active transport modes in urban transport systems, especially public transport.
Publications
Published 2021
Why do some Development Projects Disburse Funds Faster than Others
The timely disbursement of funds is a necessary condition for the success of international development projects. Disbursements track the progress of projects in completing the products that ultimately will deliver the projects desired outcomes. Moreover, in a world with pressing needs for external financing, project disbursements are an important source of external liquidity for recipient countries. However, some projects start disbursing faster than others and at relatively larger amounts. Hence learning why some projects disburse faster than others is important to understand not only which projects are more likely to achieve development outcomes sooner, but also to assess their value as providers of external liquidity in times of distress. As it has become evident over the past year with the COVID-19 pandemic, multilateral lending has played a crucial role in helping emerging countries face the larger financing needs originated by the crisis. In 2020, Inter-American Development Bank (IDB) disbursements increased 49% over 2019, reaching $13.4 billion, more than doubling the baseline disbursement projection. This paper assesses which observable characteristics of investment loans offered by the IDB are associated with faster disbursements. The results indicate substantial heterogeneity across countries, sectors, and loan modalities. All else constant, results-based loans and loans in the social sector are more likely to disburse within 2 years after being approved. Projects in countries where it takes longer to meet at least some of the clauses to start disbursing are less likely to start disbursing 2 years after approval. Projects that are expected to have longer execution times disburse at slower speeds within 24 months after approval. Overall, country factors seem to play a more relevant role than sectorial factors in explaining the probability that a project will disburse funds quickly. These and other findings in the paper can inform future programming exercises and help optimize the disbursement processes.
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