Quick Facts

Where the impacts of the investment may be experienced.
  • Bahamas
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Development Bank (IADB)
Status: Approved
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-12-07
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Grand Bahama Utility Company Limited
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Water and Sanitation
Grant Amount (USD): $ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 0.24 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IADB website
Updated in EWS: 2017-12-11
Smart Water Management Pilot Program in Bahamas

Project Description
From the IDB: The objective of the proposed Financial Investment is to support the Grand Bahama Utility Company Limited in the transition towards water efficient metering technology in order to benefit consumers and increase water efficient management by the implementation of a pilot project that comprises the acquisition and installation of 500 smart water meters and the provision of technical assistance for the proper execution of the program. (Note: this is an IIC project and more detailed information can be found on the IIC website: http://www.iic.org/en/projects/project-disclosure/12189-01/gbuc-smart-water-meter-investment-program.)
Investment Description
Private Actors
Grand Bahama Power Company Limited engages in the generation, transmission, and distribution of electricity to residential and commercial customers.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).
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