Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Dominican Republic
Banks:
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: C
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: 2016-12-05
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: Ministry of Education and INAIPI
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Education and Health
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IADB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-08-09
Support for Early Childhood Development
IADB-DR-L1077

Project Description
The general objective is to improve child development among children under 5. The specific objectives are to support the expansion of quality early childhood services and strengthen the National Institute for Comprehensive Early Childhood Care (INAIPI)'s management capabilities.
Investment Description
The program will be financed with an investment loan that will begin execution in 2017. The disbursement period is 3.5 years and the loan amount is US$200 million, charged against the Bank’s Ordinary Capital. The borrower is the Dominican Republic. The Bank will provide funding of US$38.6 million in the first year of execution, US$66.7 million in the second year, and US$87.6 million in the third. With this program, coverage of early childhood development services is expected to increase from 18% to 30%. To promote the allocation of government resources and ensure the sustainability of the financing, the Bank’s financing mechanism will be partial and decrease over time. It was agreed with the government that the Bank will finance 90% of the INAIPI coverage expansion plan—in accordance with the agreed upon targets—in the first year, 80% in the second, and 70% in the third, 32 under an expenditure reimbursement arrangement. The government will use its own resources to finance the plan to expand infrastructure and upgrade centers over the next five years.
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).
Bank Documents