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: 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: 2016-11-10
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: IADB through Competitiveness and Innovation Division
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): Grant
The categories of the bank investment: loan, grant, etc.
Investment 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.

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Primary Source

Original disclosure @ IADB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-09-15
Institutional Strengthening of the National Quality Infrastructure in Guyana
IADB-GY-T1129

Project Description
The Ministry of Business is working with the IADB in a program aimed at modernizing the Guyanese National Quality Infrastructure. A National Quality Infrastructure (NQI) is the ecosystem that supports the development, adoption and compliance of standards to promote product quality. It is comprised of the institutions, norms, and regulations, metrology and testing infrastructure and public and private stakeholders that develop, supervise or adopt quality standards. The project will support private sector trade, export activities and the network of laboratories, along with a website that will supply the network with information regarding the needs of exporters to enable informed decision making . The technical cooperation will provide the information required to support the existing laboratories of the NQI, both public and private and will provide information about the specific needs of the program beneficiaries (Small and medium sized enterprises (SMEs) and exporters) regarding quality and standards. It will also support capacity building in the private sector, in particular for SMEs prone to export in the area of standards and quality. Given the nature of the program, the IADB states that there are no associated environmental or social risks. Based on the Environment and Safeguards Compliance Policy (OP-703) this operation is classified as “C.”
Investment Description
The USD 250,000 investment is in the form of Non-Reimbursable Technical Cooperation through the IDB Competitiveness and Innovation Division in coordination with the IDB Country Office in Guyana.
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