The Regional Public Goods (RPG) Initiative of the Inter-American Development Bank (IDB) is based on the premise that the countries of Latin America and the Caribbean (LAC) share numerous development challenges and opportunities that can be addressed more effectively and efficiently through regional collective action and cooperation.
The Initiative defines regional public goods (RPGs) as goods, services or resources that are produced and consumed collectively by the public sector and, if appropriate, the private, non-profit sector in a minimum of three borrowing member countries of the IDB.
The Initiative focuses on RPGs that have the potential to generate significant shared benefits and positive spillover effects. Spillover effects can be expressed in terms of scope (benefits extend beyond the originally targeted sector in each country) and/or scale (benefits extend beyond the original group of countries).
The RPG Initiative will only finance proposals that address the cross-cutting challenges of the IDB's Institutional Strategy.
The proposals submitted must be framed in one or more of the following five (5) priority areas of the Vision 2025 of the IDB Group for the implementation of the IDB’s Institutional Strategy and the region’s post-pandemic recovery:
(i) strengthening of regional value chains;
(ii) digital economy;
(iii) support for small and medium-sized enterprises (SMEs);
(iv) gender equality and diversity;
(v) climate change.
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The RPG Initiative seeks to finance specific regional coordination products that can then be implemented at the national level by the participating countries and other interested countries that could not participate in the original project.
This type of products can be, for example, regional regulatory frameworks, harmonized legislation and common agreements or standards among countries; regional sectoral strategies and action plans; diagnoses and studies in support of investment decisions or projects at the regional level; and methodologies and instruments of regional application.
Each year, the IDB solicits proposals from the region to finance projects that promote RPGs by means of collective action.
The Initiative finances proposals that have been prepared or are endorsed by and benefit a minimum of three (3) and exceptionally two (2) borrowing member countries of the IDB.
To be eligible to submit proposals within the deadline, interested parties must register before April 30th, 2021.
All proposals must be submitted via the online form before 05:00 pm (US Eastern Daylight Time) on May 10th, 2021.
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