Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$156,020.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 1, 2023
Project Estimated Start Date
Jul 1, 2020
Project Estimated End Date
Dec 31, 2023
Project Description
The objective of this project is to support the Instituto de Desarrollo Urbano (IDU) in applying IFC's E&S Performance Standards on two IFC investment projects and build E&S capacities among IDU's staff.
Development Results
Through this engagement, IFC seeks to support the Instituto de Desarrollo Urbano (IDU) with capacity-building activities to increase staff knowledge and ability to implement IFC's PS1 and PS5.
Indicator
Cumulative
Number of entities reporting improved performance (e.g., improvements in productivity, accountability, operations, loan terms, valuations)
0
Number of entities receiving in-depth advisory services
1
Number of participants in workshops, training events, seminars, conferences, etc.
52
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
1
Number of workshops, training events, seminars, conferences, etc.
3
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 5. Land Acquisition and Involuntary Resettlement
As part of its Due Diligence process, IFC is in the process of reviewing project risks, including environmental and social (E&S) risks, and assessing the consistency of its advice with IFCs Performance Standards. Based on sector and context specific risks, the project has the potential for E&S risks and/or impacts in relation to the assessment and management of environmental and social risks and impacts, and land acquisition and involuntary resettlement. Therefore, at this stage, it is expected that E&S risk and issues contemplated by Performance Standards PS1 and PS 5 are present
IFC's advice will be provided in a manner consistent with IFCs Performance Standards as defined in IFCs Policy on Environmental and Social Sustainability. Where relevant, IFC will assist the client in defining measures to identify and manage E&S risks and impacts of the business activities supported by the project.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.