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Enhancing Local Benefits

Sustainability - integrating environmental, social, and corporate governance issues with financial and economic factors – has become IFC’s way of doing business. Focusing on these areas makes sense for businesses in Latin America and the Caribbean. It demonstrates their commitment to social responsibility and helps build stronger, more broadly based economies.

Through the Advisory Services Program for Latin America and the Caribbean, IFC works to promote sustainability. The Program’s “Enhancing Local Benefits” (ELB) business line comprises three lines of action to enhancing the development performance of large investments from oil, gas and mining sectors:

  • Revenue Management: Improve local public investment performance financed by royalty transfers.
  • Social Accountability: Empower civil society to help local governments become socially accountable.
  • Development Guidance: Improve the effectiveness of efforts undertaken by local governments and investment companies.

For more information, download the complete "Enhancing Local Benefits" brochure (PDF in English, Spanish and Portuguese).

COUNTRY
PROJECT
DESCRIPTION
CURRENT PROJECTS
ArgentinaPan American Energy - PAE [pdf]Promoting economic opportunities in communities near PAE’s Acambuco gas operations.
BoliviaTransierra [pdf]Enhancing the commercial viability of 4 community based agri-projects financially assisted by the Indigenous Development Plan's Support Program implemented by Transierra S.A.
BrazilSuzano Petroquímica [pdf]Improving the competitiveness of a targeted group of 50 MSMEs working in the plastic sector in the greater ABC region of Sao Paulo.
ColombiaColombia Oil Royalty Management [pdf]Supporting the local management of royalties from Colombia's oil sector.
PeruBPZ [pdf]Improving the use of recently generated oil royalties derived from business activities in the Regional Peruvian Government of Tumbes.
PeruNational Program on Mining Canon [pdf]Improving local public investment performance.
PeruStrengthening Social Accountability to Improve the Impact of Mining Royaltiesin Peru - MIM Peru [pdf]Empower civil society to help local governments become socially accountable.

Please find below the available publications of the MIM Peru Newsletter:
MIM Peru Newsletter - March 2008
MIM Peru Newsletter - December 2007

Taking EITI to the Sub-National Level
PREVIOUS PROJECTS
ColombiaSupply-Chain Best Practices Mapping [pdf]Identifying best practices for supplier/distributor chain development programs with local small businesses.
PeruMunicipal Management Capacity Building for the Cajamarca Mining Canon [pdf]Enhancing local government capacities for better access, allocation and management of the Mining Canon generated by mining operations.
PeruOrient Express Linkages Program [pdf]Increasing the local benefits of IFC investments in Orient Express/Peru Rail for local producers/service providers.
PeruSupply-Chain Best Practices Mapping [pdf]Identifying best practices for supplier/distributor chain development programs with local small businesses.
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