WASHINGTON, March 14, 2017 – A deeper economic integration among Latin American and Caribbean countries will make the region more competitive in international markets and boost long-term growth, according to a new World Bank report.
Soon the world will celebrate the one-year anniversary of the historic climate agreement signed in Paris in December 2015. The agreement will be implemented through country-led greenhouse gas (GHG) emissions reduction commitments known as their intended Nationally Determined Contributions (NDCs), which to date have been submitted by 189 countries covering 95 percent of global GHG emissions.
Apart from signaling concrete commitments, these reduction targets also offer a clear signpost of the investment direction countries need to follow as the global economy steers towards a low-carbon, climate-resilient pathway. Estimates point to between $57 trillion and $93 trillion in new low-carbon, climate resilient infrastructure investment by 2030. How developing countries evaluate and respond to their infrastructure needs will greatly determine their ability to meet GHG reduction commitments.
Accessing and finding tenders are one of the most time consuming activities when trying to work with financial institutions like the Inter-American Development Bank (IDB). That is why the IDB has created the ConnectAmericas platform. The platform not only allows you to see the IDB tenders but also tenders from other Latin American & Caribbean companies who are looking for overseas partners.
With the slogan “Take the world with your hands”, the goal of the platform is to foster the internationalization of companies, in particular Small and Medium Enterprises (SMEs) by providing contacts, content (tenders), and financing options.
The Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the Multilateral Investment Fund (MIF), the WBG, and the Public-Private Infrastructure Advisory Facility (PPIAF) are working together to build regional government capacity in the field of infrastructure PPPs with the long-term goal being to create a Regional support mechanism that will promote high rates of growth and reduce poverty by enabling substantial PPP investments in infrastructure and service delivery.
Expression of Interest Deadline: 08-Sep-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)
Haiti has been provided with an IDA Grant by the World Bank Board of Directors. This grant, worth a total of $50 million, was awarded in March for the Sustainable Rural and Small Towns Water and Sanitation Project.
The proposed objectives of the Project are to: (i) increase access to improved water supply and sanitation in targeted rural areas and small towns in zones affected by cholera; (ii) strengthen the Recipient’s water and sanitation service delivery mechanism at the deconcentrated level; and (iii) improve the Recipient’s capacity to respond promptly and effectively to an Eligible Emergency.
On July 28 the Board of Directors of the World Bank will be processing the Improving Climate Data and Information Management Project for Jamaica. This will be done on an Absence of Objection basis, with the project expected to be adopted without trouble.
The project involves a total of $7.5 million in support of the meteorological data gathering, of which $6.8 million is provided by the World Bank. The goal of the project is to improve the quality and use of climate related data and information for effective planning and action at local and national levels.
The IDB has offices in all 26 countries of Latin America and the Caribbean where it finances programs and projects. That is the big difference with the World Bank, which is active in almost every country in the world. But the fact that the IDB focuses on a smaller market could be beneficial for your company. Projects that work in one country, most likely will work in the other as well. This means that when you are succesful you are likely to be known in the market. The IDB is open to new innovative ideas but like the World Bank, experience in the countries you want to be active in is very important when trying to win tenders. We would also suggest your company contacts the local offices to find out more about the pipeline of projects before wanting to meet with IDB representatives. When you are in town send us an email and we can discuss visiting the IDB. Below a short description of the IDB and examples of tenders within the Energy and Water sector.