Call summary :

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). Each year, the IDB solicits proposals from the region to finance projects that promote RPGs by means of collective action. The RPG needs to be produced collectively. This means that the partner countries and institutions decide together their goal, how to achieve it. All participating countries should have equal access to the products generated collectively.

Key Features
Each year, the Initiative provides non-reimbursable resources (grants) for proposals that have been selected as a result of a call for proposals (CFP).

Demand-Driven
The Initiative finances proposals that have been prepared or are endorsed by and benefit a minimum of three and exceptionally two borrowing member countries of the IDB.

Collective Action
The partner countries and institutions decide collectively their goal, including their work plan, the agenda and the mechanisms of their governance and regional cooperation.

Thematic focus
The 2024 Call for Proposals will select high regional value-added proposals that address, through collective action and cooperation among proposing institutions, a shared challenge or opportunity related to one or more of the following 3 objectives of the new Institutional Strategy of the IDB Group:
- Reduce Poverty: Eliminate obstacles to economic participation and improvement in the standard of living of the poor and vulnerable in Latin America and the Caribbean.
- Adress climate change: Achieve a net-zero emissions future by 2050, resilient and positive for nature, in line with the Paris Agreement.
- Promote sustainable regional growth: Increase the real GDP per capita of the region by promoting initiatives aimed at strengthening regional integration

Which entities can present proposals?
The following entities are eligible to submit proposals:
(i) Public national, sub-national and local institutions in the IDB’s borrowing member countries with legal capacity to enter into agreements with the Bank.
(ii) Private, non-profit entities that are legally established in one of the IDB’s borrowing member countries.
(iii) Latin American and/or Caribbean regional or sub-regional institutions with legal capacity to enter into agreements with the IDB.

Which entities can execute proposals?
The following entities are eligible to execute proposals:
(i) Public national, sub-national and local institutions in the IDB’s borrowing member countries with legal capacity to enter into agreements with the Bank.
(ii) Private, non -profit entities that are legally established in one of the IDB’s borrowing member countries.
(iii) Latin American and/or Caribbean regional or sub-regional institutions with legal capacity to enter into agreements with the IDB.

Each project can only have one (1) executing agency.

Funding

The size of the grant typically averages US$500,000 per project. In the case of second phase proposals, the cap for financing is US$250,000.