Project profile — Support to the Regional Infrastructure Integration Fund 2012

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Overview

Overview

Support to the Regional Infrastructure Integration Fund 2012 - Overview
CA-3-M013611001
$10,000,000
IDB - Inter-American Development Bank (46012)
2012-03-30 - 2013-03-31
Terminating
Country / region • America, regional (100.00%)
Sector • Government And Civil Society, General
Legal and judicial development (15130) (15.00%)
• Transport And Storage
Transport policy and administrative management (21010) (15.00%)
• Communication
Telecommunications (22020) (15.00%)
• Energy Generation, Distribution And Efficiency - General
Energy policy and administrative management (23110) (15.00%)
• Trade Policy And Regulations And Trade-Related Adjustment
Trade facilitation (33120) (40.00%)
Policy marker • Trade development (significant objective)
• Reproductive, Maternal, Newborn and Child Health (RMNCH) (not targeted)
Description and results

Description

The Inter-American Development Bank (IDB) is the main source of multilateral funding for economic, social and institutional development in Latin America and the Caribbean. It works with partners to reduce poverty and inequality, and to achieve sustainable economic growth. Canada has been a member of the IDB since 1972 and it holds a seat on the Board of Directors. The IDB’s new Regional Infrastructure Integration Fund (RIIF) is a multi-donor trust fund whose objective is to provide technical assistance to support the preparation of infrastructure projects in Latin American and the Caribbean. The new fund will support the following priority areas to facilitate both public and private infrastructure investments: (1) Strengthening best practices in regional regulatory frameworks by removing regulatory bottlenecks at border crossings; (2) Promoting investments that reduce the logistics costs of regional trade by investing in infrastructure corridors, ports and maritime services, and improving market structures for air cargo services; and, (3) Enhancing transnational regulatory frameworks for key regional markets, such as energy and telecommunications.

Expected results

The expected intermediate outcomes for this project include: the promotion of investments in regional infrastructure; improved regional trade logistics and supply chains; standardized customs procedures standardized in accordance with regional regulations and agreements; enhanced regional employment and sustainable economic growth in the Caribbean region; improved border management to decrease transaction costs and time, in order to increase trade in Latin America and the Caribbean; and improved access to digital communications (broadband) for citizens, firms and governments.

Results achieved

Results achieved by the Regional Infrastructure Integration Fund through the support of the Government of Canada and other international donors as of December 2015 include: (1) advanced trade facilitation between Pacific Alliance (PA) countries, notably an agreement to achieve interoperability of PA countries trade single windows; an agreement on the process of regional recognition of Authorized Economic Operators (AEO) to grant the benefits of AEO to certified companies engaged in intra-PA trade, increasing the number of AEOs in LAC to reach 547 certified companies in five countries, as well as reaching agreements with non-LAC countries and advancing the negotiation of additional agreements; facilitating automation such as making electronic systems accessible to users, electronic processing of information before the arrival of shipments, and electronic or automated risk management and analysis systems; (2) capacity building on integration and trade, where more than 5,300 officials in the LAC region have been trained and through which 1,578 specialists have been certified; (3) the Connect Americas an online platform for small and medium-sized enterprises in the region to establish business links with clients, suppliers and investors worldwide, has gathered more than 50,000 registered members and 500,000 visitors from 180 countries since its launch in 2014. It has also offered 32 online courses with a graduation rate of 41%, four times the market average. These results have contributed to improved trade logistics and supply chains, improved border management, and capacity to deliver regional infrastructure in Latin America and the Caribbean, as well as improved digital connectivity for SMEs.

Financials

Financials


Original budget $0
Planned Disbursement $0
Transactions
Country Percentages by Sector
Related information

Related information

Support to the Regional Infrastructure Integration Fund 2012 - Related information
Related links
Partner website — IDB - Inter-American Development Bank
Global Affairs Canada
MFM Global Issues & Dev.Branch
Aid grant excluding debt reorganisation
Bilateral
Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)
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