Project profile — Support to the Regional Integration Fund (RIIF)



Overview 

CA-3-M013611001
$10,000,000
IDB - Inter-American Development Bank (46012)
2012-03-30 - 2020-01-08
Closed
Global Affairs Canada
MFM Global Issues & Dev.Branch

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 

• Gender equality (not targeted)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (significant objective)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• 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 (not targeted)

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 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 Fund supports 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 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 as of December 2016 include : (1) the project helped advance trade facilitation between Pacific Alliance countries, including increasing the number of Authorized Economic Operators in Latin America and the Caribbean (LAC) to reach 799 certified companies, as well as negotiating further mutual recognition agreements within LAC and with non-LAC countries; (2) 43 roadmaps to facilitate the harmonization of regional regulations and procedures in areas such as transport, logistics, energy and telecommunications; (3) 37 change management action plans for public agencies aimed at improving organizational processes and inter-agency coordination in cross-border and regional infrastructure initiatives; (4) 42 investment plans and project preparation assessments plans to help prioritize investments in transport, logistics, energy and telecommunications by national and regional-level public authorities; (5) the implementation of 23 regional and bilateral agreements to deepen regional economic integration; and (6) trained 8,357 professionals, of which 33% or 2,790 were women, to improve the knowledge and skills among individuals involved in cross-border and regional infrastructure initiatives. Of the total number trained, 4,955 professionals received certification, including 2,484 women.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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