20 Civil Society Organizations and networks call on IDB to withdraw from IIRSA

2 July 2009

In the context of a 9th Global Capital Increase request, for which the IDB is designing a new institutional strategy anchored by sustainability, equity and development goals, IIRSA has not demostrated compatibility with these goals and should be abandoned by the Bank.

The IDB mandate to participate in the Technical Coordination Committee of IIRSA will expire in 2010 and the renewal of this mandate requires a favorable vote by the Bank's Board of Directors.  Culminating almost a decade of facilitating this infrastructure integration initiative, the IDB's added value en promoting the initial deep integration objectives of IIRSA are little consequence.  Moreover, the incapacity of the IDB to mitigate or revert the negative socio-environmental effects of accelerated infrastructure mega-projects without adequate planning, the total lack of any principle of transparency or participation, and the poor performance of IIRSA's economic goals, all justify the IDB withdrawal from IIRSA.

En the context of a 9th Global Capital Increase request, for which the IDB is designing a new institutional strategy anchored by sustainability, equity and development goals, IIRSA has not demostrated compatibility with these goals and should be abandoned by the Bank.