The Inter-American Development Bank (IDB) is a multilateral development bank that provides loans, grants, guarantees and technical assistance to governments and the private sector in the 26 Latin American and Caribbean countries where the IDB supports projects.
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The Independent Consultation and Investigation Mechanism (ICIM) – which is also called the ‘MICI’ for its Spanish name ‘El Mecanismo Independiente de Consulta e Investigación’ – is the grievance mechanism for the IDB and its sister organisation, the Multilateral Investment Fund. The aim of the Consultation Phase is to address concerns through a ‘solution-seeking’, dialogue whereas the Compliance Review Phase is a formal investigation into whether the IDB has failed to comply with relevant operational policies.
