Company name
University of the West Indies
Project number
14719-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Regional
Sector
Social Infrastructure
Status
Approved
Disclosed date
11/15/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/20/2024
Approval date
02/20/2024
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 6,000,000
Financing amount
USD $ 11,500,000
Currency
USD
Project scope and objective
IDB Invest will provide financing for an estimated amount of US$12 million for the development of the International School for Development Justice, a project that The University of West Indies seeks to carry out, aiming to be one of the world’s first postgraduate online learning schools dedicated exclusively to programs around sustainability and social justice. Under this project, students will be able to access degrees on sustainability and social justice from anywhere in the world, allowing individuals who may not have had the opportunity to attend a traditional university to pursue higher education. It will also provide programs related to UN Sustainability Goals that currently are not available in the market.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
UNIVERSITY OF THE WEST INDIES - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY
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