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Regional Networks
Local Content Regional Networks identifies, verifies, and connects local businesses, workers, and communities to the most trusted infrastructure companies and projects, turning billions in unmet local potential into the jobs, supplier contracts, and community investment opportunities they deserve.
- →When a new port or power plant is built, local workers must be hired first before anyone from outside
- →At least 30% of building materials must be bought from local Caribbean businesses
- →Companies must submit a community benefit plan before any IDB-funded project can begin
- →Projects that skip local hiring requirements can lose their funding from international lenders
CARICOM IDB Framework: IDB-funded projects in Jamaica and Trinidad must source 30% of materials locally and submit a community benefit plan. ↗
- →In Brazil, oil companies must buy 25–40% of their goods and services from Brazilian businesses
- →Colombia requires companies to hire local workers and create supplier development plans on all major projects
- →These rules are written into every contract and checked each year by government agencies
- →Countries like Peru and Guyana are adding similar laws as their oil and mining sectors grow
Brazil REPETRO (ANP): Offshore oil operators must meet 25–40% local content thresholds in goods and services, audited annually by Brazil's National Petroleum Agency. ↗
- →When a pipeline or mine is built near Indigenous land, the company must sign an agreement with that community
- →These agreements are called Impact Benefit Agreements (IBAs) and cover jobs, contracts, and profit sharing
- →The Trans Mountain Pipeline signed over 120 of these agreements before construction began
- →Federal projects also require Canadian and Indigenous suppliers to be given a fair chance to bid
Indigenous Procurement Policy: Trans Mountain Pipeline required IBAs with 120+ Indigenous groups, committing to local hiring, supplier contracting, and revenue sharing. ↗
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