Non-reimbursable resources to leverage investment operations for the integration of the migrant population.
The IDB Governors authorized, for the second time, the use of up to US$100 million of its ordinary capital to support efforts by the governments of the region to transform the challenges of migration into opportunities for their development.
The financing scheme of this second approval is structured in phases that gradually match funds from the GRF and donor resources, starting with a non-reimbursable amount of up to US$25 million in GRF resources that, once matched by an equal amount in non-reimbursable donor resources, will be followed by successive new GRF contributions of up to US$100 million and US$100 million from donors.
Eligibility Criteria | ||
|---|---|---|
Phase I | US$25M IDB | US$25M Donors |
Phase II | US$25M IDB | US$25M Donors |
Phase III | US$25M IDB | US$25M Donors |
Phase IV | US$25M IDB | US$25M Donors |
Total | US$100M IDB | US$100M Donors |
The Board of Directors may approve waivers to these eligibility criteria for subnational investment projects in countries that do not meet these criteria at the national level if data is presented to support the impact of migration flows and the permanence of migrants on receiving communities at the subnational level. Once established, eligibility lasts for three years, which is extended each year if the country again qualifies. According to the operational guidelines approved by the Bank's Board of Directors, the list of eligible countries must be reviewed each year following the established criteria. This exercise will be carried out in the first quarter of 2024.
Investment operations that use resources from the IDB Grant Facility must meet at least one of the following eligibility criteria:
Host countries that received a cumulative number of cross-border intraregional migrants that is equivalent to 0.5% if their total population over the last three years
Host countries in which a cumulative number of cross-border intraregional migrants reside that is equivalent to 0.5% of their total population over the last three years
Host countries that received a cumulative number of returning migrants that is equivalent to 0.5% if their total population over the last five years
The migration-related operations to improve the socio-economic integration of migrants in their host communities and countries in question are grouped into four thematic areas of intervention:
The principles that guide the allocation of resources from the GRF are:
1. Equitable access; preferential access to eligible C and D countries (IADB classification). These countries are Costa Rica, Panama, Trinidad and Tobago, Uruguay, Belize, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, and Honduras.
2. Maximum of 20% of non-reimbursable resources per operation. Individual operations financed with resources from the GRF must be exclusively investments, have a blended financing structure (a minimum of 80% loan resources and a maximum of 20% in non-reimbursable financing that may come from GRF resources or a combination of GRF and donor resources), and must be consistent with the four overarching thematic areas, the three crosscutting areas, and at least one of the eligibility and criteria for operations.
3. Maximum of 15% of non-reimbursable resources per eligible country. To avoid GRF resources being concentrated among a small number of countries, each eligible country can access a maximum of 15% of the total GRF resources on a first come, first served basis. This 15% limit will also apply to each of the phases of the financial scheme. Together, the first-come, first-served mechanism and the 15% ceiling help support the countries with the most pressing needs that have already defined policies and investment plans to foster migrant inclusion. Furthermore, this ceiling reserves resources for those countries whose needs may emerge later and/or require more time to develop migration-related institutional aspects, policies, and investment plans.
4. Strategic focus
5. Accountability
6. Transparency
Discover the topics in which we work to improve lives in Latin America and the Caribbean.
Explore our offices across countries and the work they do to improve lives.