The Inter-American Development Bank (IDB) has launched the 2014 call for proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC).
The initiative is based on the premise that the countries of the region share challenges or opportunities for development that can be addressed or seized upon more effectively and efficiently by means of regional cooperation.
In 2014, the initiative will provide up to US$8 million in grants to finance regional public goods (RPGs) that are produced collectively by a group of IDB borrowing member countries.
Even though the initiative is open to the promotion of RPGs in any development area covered by the IDB, alignment with the IDB’s operational priorities is a selection criterion.
The other two selection criteria are the value added of a regional (vs national) approach to addressing a development challenge or opportunity, and the prospects of sustaining the benefits of regional collective action beyond the support of the Initiative.
The initiative is the bank’s most prominent grant
