Project profile — Inter-American Development Bank - Third Replenishment of the Multilateral Investment Fund



Overview 

CA-3-D004251001
$9,397,831
IDB - Inter-American Development Bank (46012)
2018-09-12 - 2023-12-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• America, regional (100.00%)

Sector 

• Basic Education: Basic life skills for youth and adults (11230) (8.00%)
• Basic sanitation:
Basic sanitation (14032) (2.50%)
Waste management/disposal (14050) (2.50%)
• Government And Civil Society, General: Ending violence against women and girls (15180) (2.00%)
• Other Social Infrastructure And Services: Social services (incl youth development and women+ children) (16015) (5.00%)
• Agricultural water resources:
Agricultural water resources (31140) (5.50%)
Food crop production (31161) (5.50%)
Agricultural extension (31166) (5.50%)
Agricultural education/training (31181) (5.50%)
Plant and post-harvest protection and pest control (31192) (5.50%)
Agricultural co-operatives (31194) (5.50%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (33.00%)
• General Environmental Protection: Environmental education/training (41081) (5.00%)
• Urban development:
Urban development (43032) (4.00%)
Multisector education/training (43081) (5.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (significant objective)
• Urban issues (significant objective)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (significant objective)

Description 

This contribution represents Canada’s long-term institutional support to the Multilateral Investment Fund (MIF), which is part of the Inter-American Development Bank (IDB). The MIF is a trust fund administered by the IDB. The Third Replenishment of the MIF consolidates its role as the IDB Group's innovation laboratory for promoting development through the private sector, targeting poor and vulnerable populations. The Fund supports micro, small and medium sized enterprises (MSME), targets the base of the economic pyramid market segments, expands financial services, offers renewable energy and climate change adaptation solutions for smallholder farmers, and creates access to basic services like health, water and sanitation. The MIF is one of the largest international technical assistance providers to the private sector in Latin American and the Caribbean (LAC), and works with local, mostly private partners, to help fund and execute projects in 26 countries in the LAC region. Its main beneficiaries are micro and small firms, small farms, and poor and vulnerable households. The MIF works primarily through technical assistance grants, but also does equity investments and loans, as well as through a combination of these tools when both capacity building and risk sharing financing is needed. As a laboratory for development, the MIF stimulates private sector innovation to drive sustainable economic growth and reduce poverty across Latin America and the Caribbean. The sectors of focus for the Fund are climate-smart agriculture, inclusive cities and knowledge economy. Gender and diversity, environmental and social sustainability, and enabling environment cross-cut the three sectors of focus. MIF III's focus covers pressing development priorities of Latin America and the Caribbean, from adapting to the effects of climate change, improving the quality of life for people in rapidly growing urban areas, to creating and filling 21st century jobs

Expected results 

The expected outcomes for this project include: (1) improved climate-smart productivity of smallholder firms; (2) improved living conditions for households; (3) technology-driven enterprise growth job creation; and (4) increased innovation, scale-up and resource mobilization of MIF operations.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Encashment basis
Collaboration type Multilateral
Type of aid Core contributions to multilateral institutions
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