Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Guyana
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: Implementation
Bank Risk Rating: B
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: 2016-11-30
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: Cooperative Republic of Guyana
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 9.00 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): $ 9.00 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: 2017-06-22
Disclosure Date: 2016-06-01
Enhancing the National Quality Infrastructure for Economic Diversification and Trade Promotion
IADB-GY-L1059

Project Description
The program's objective is to support economic diversification and exports through the enhancement of the National Quality Infrastructure (NQI) and through a National Export and Investment Promotion Strategy. Specific objectives are: (i) to enhance the capacity of the NQI; (ii) to improve facilities for the NQI; and (iii) to enhance the capability of the Guyana Office for Investment for export and investment promotion. The program’s expected outcomes are: (i) increase in the average annual flow of value of exports of non-traditional products per exporter; (ii) increase in the average annual flow of volume of exports of non-traditional products per exporter; (iii) decrease in the testing costs for non-traditional exporters; and (iv) decrease in the rejection rates of fruits and vegetables exports to the US. The impact of the project is the increased participation of the non-traditional products in Guyana’s export basket. The program is classified as Category “B”. The main direct impacts of the project relate to: (i) increased air pollution during construction (dust, toxic fumes from vehicular traffic and vehicular waste); (ii) noise; (iii) waste disposal; (iv) soil erosion; (v) contamination from chemical and biological waste, toxic waste from construction; (vi) chemical storage, increased flooding due to water diversion and increased run off; (vii) water pollution; (viii) ecological damage from route deviation, construction works and clearance; (ix) effects on fish life; (x) congestion and increased traffic during construction and (xi) damage to streets. During operation, the main impacts identified are: (i) increased noise; (ii) increased congestion; (iii) ground water pollution; (iv) increased conflicts with patrons using the same access road; and (v) increased pollution and indiscriminate waste disposal.
Investment Description
This operation is a specific investment loan, with a total cost of US$9 million, to be disbursed over a period of 5.5 years. The IADB will finance US$4.5 million with resources from the Fund for Special Operations and US$4.5 million from resources of the Ordinary Capital.
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