Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • El Salvador
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: 2016-12-07
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: Republic of El Salvador
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Law and Government
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 30.00 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: 2016-08-19
Tax Administration Strenghtening Programme
IADB-ES-L1131

Project Description
The objective of this operation is to improve tax revenue intake by: (i) reducing noncompliance with taxes managed by the Internal Revenue Department (DGII); (ii) reducing noncompliance with customs duties managed by the General Customs Administration (DGA); and (iii) improving the quality of information for decision-making purposes. Pursuant to the Bank’s Environment and Safeguards Compliance Policy, the program has been classified as a category “C” operation. The program will support the strengthening of tax processes through systems development and institutional strengthening, and no social or environmental risks are anticipated by the IADB.
Investment Description
The total cost of the program is US$30 million, to be financed by the Bank from Ordinary Capital. The financing instrument will be a sovereign-guaranteed specific investment loan. The disbursements will be made within a period of five years starting on the effective date of the loan contract.
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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Bank Documents