Honduras: CAMIF-01/Intibuca

Date Filed
09 Oct 2013
Status
Closed
Phase
Dispute Resolution (DR)
Country
Honduras

Case Tracker

Eligibility
Eligibility
Assessment
Closed
Assessment
Dispute Resolution
Compliance
CURRENT Status
Assessment
Closed

Complaint Overview

Complainant

Consejo Cívico de Organizaciones Populares e Indígenas de Honduras (COPINH)

Concerns

Indigenous Peoples rights, human rights protection, and environmental sustainability

Cross-Cutting Issues
Community Health and Safety Land Resettlement Indigenous Peoples Land Discrimination Violence / Abuse Loss of Life

Project Information

Region
Latin America & the Caribbean
Institution
IFC
Name & Number
CAMIF 26590
Company
Central American Mezzanine Infrastructure Fund LP
Sector
Infrastructure
Department
Infrastructure
Category
FI
Commitment

$40 million

Synopsis

Complaint

IFC is an investor in the Central American Mezzanine Infrastructure Fund (CAMIF), a mezzanine fund that invests in operating and new medium-sized companies/projects in infrastructure and related sectors in Central America, Dominican Republic, Mexico and Colombia. The Fund will be managed by EMP Latin American Management LLC, part of the network of EMP Global, an independent private equity fund manager based in Washington, DC. The target size of the fund is between $150 and $300 million. IFC’s investment is US$40 million. 

In October 2013, a Honduran indigenous movement known as the Consejo Cívico de Organizaciones Populares e Indígenas de Honduras (COPINH) filed a complaint with the CAO regarding one of CAMIF’s sub-projects.  The complainants claim that the ancestral lands of the Lenca community have been improperly seized in order to make way for the sub-project, and that lack of consultation with indigenous people means the concession has been granted illegally. The complainants believe their land, water resources, livelihood and culture are in jeopardy. They further contend that since voicing their opposition to the project, the area has been militarized and the Lenca communities and their leaders have been forcefully persecuted, criminalized and suppressed – often with the involvement of security forces.  

CAO Action

CAO found the complaint eligible for further assessment in November 2013 and began an assessment of the complaint. After learning from the IFC and CAMIF that as of December 2013 the sub-project was no longer being considered for investment, CAO has concluded its involvement in the case as it no longer falls within CAO’s mandate.  Further details are captured in CAO's Assessment Report, which is available under "View Documents" below.

Status

This case was closed on January 9, 2014. 

Updated: January 15, 2014

Case Documents

  • Dispute Resolution

    Complaint
    Letter of Complaint
    Oct 09, 2013
    English
    Letter of Complaint
    Assessment Report(s)
    CAO Assessment Report Regarding
    Dec 01, 2013
    English
    CAO Assessment Report Regarding
    CAO Assessment Report Regarding
    Jan 01, 2014
    Spanish
    CAO Assessment Report Regarding