Buenos Aires. However, the list does not include projects that appear in the World Bank Projects
section and that contain components in response to Covid-19 or that mention it when justifying
or describing the project, such as Additional Financing for Supporting Effective Universal Health
Coverage in Argentina or Urban Mobility in Metropolitan Buenos Aires for Economic Recovery.
In this way, it is not clear what are the criteria that define when a project financed by these
institutions is considered as a project “in response to COVID-19.” While it is positive that both
the World Bank and the IDB, unlike other DFIs, have published specific sections within their web
pages (in part due to the demands from civil society) providing information on their response to
the pandemic, detailing which are the “COVID-19 Projects,” the truth is that such information is
not yet accurate or reliable.
Then, institutions such as CAF or CABEI have specific sections within their web pages with information
on their actions and measures related to COVID-19, but they do not have lists of particular projects
financed in response to the pandemic. Lastly, institutions such as FONPLATA, for example, do not
even have specific sections on their web pages with information on the measures adopted by the
institution in relation to COVID-19; much less do they have a list of financed projects.
In addition, despite the fact that many of the “COVID-19 Projects” in the country mention the
pandemic and the need to adopt measures to face it, as part of the justification for their approval,
their approach to COVID-19 seems to be merely circumstantial. In other words, although the
components contemplated in these projects can be considered measures that surely provide
benefits to certain sectors in a context of socioeconomic crisis associated with the pandemic (as,
by definition, any development project should), they do not appear to be measures specifically
directed to face the main impacts of the pandemic by, for example, focusing the benefits on those
sectors and populations in a vulnerable situation in consequence of the scourge.
An example of this could be the Digital Inclusion and Innovation in Public Services in Argentina
project financed by the World Bank, included in the list of Projects with support from IBRD and
IDA, with components responding to COVID-19. The project mentions the pandemic that the country is going through as part of the contextualization and the arguments to justify the need for the
undertaking, but the components and subcomponents of the project, whose main objective is “To
improve the efficiency of and access to selected digital administrative services,” seem to address
the consequences and impacts of the pandemic in a merely circumstantial way. In this sense, the
question arises as to the justification of the approval of this type of projects in the way in which they
are carried out (usually through fast disbursement windows justified by the context of the pandemic,
which necessarily raise serious doubts and limitations regarding effective public participation and
access to information) when their contributions to face the most important consequences of the
pandemic, and to provide benefits to the sectors most impacted by it, are, as a minimum, uncertain.
In relation to the above, the analysis of the project portfolio reflects the fact that there are major
problems and shortcomings in terms of transparency and access to information regarding projects
financed by DFIs in Argentina in the context of the pandemic. And this not only involves the banks
that finance the projects but the Argentine government as well. In general, the existing information
on approved projects is incomplete and insufficient and, in many cases, even non-existent.
In the case of some banks such as the IDB or the World Bank, a good number of documents related to
the projects can be found published on their websites; however, in many cases the documentation
available is not complete, is only available in a single language (English or Spanish), or contains
technical information that may not be understandable to the public. Moreover, in most cases,
trying to request information that is not available on the banks’ websites, through their information
request tools, ends up being ineffective.
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DFIs FINANCING IN ARGENTINA DURING THE PANDEMIC:
COVID-19 PROJECTS AND TRANSPARENCY SHORTCOMINGS
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