Evaluation of MIF Projects: Alternative Commercial Dispute Resolution Methods
Inter-American Development Bank (IDB)
The purpose of this evaluation is to examine the results obtained in the portfolio of alternative commercial dispute resolution (ADR) projects of the Multilateral Investment Fund (MIF). As conceived by the MIF, ADR projects are intended to promote the use of arbitration and mediation as alternative mechanisms for settling disputes (mainly disputes of a commercial nature). The ADR portfolio was established to mitigate the shortfall in justice services and to improve the conditions for private sector development. The strategy consisted of setting up arbitration and mediation centers to offer entrepreneurs an alternative for the settlement of their commercial disputes. On the basis of the analysis of the 18 projects, eight of which were visited for the purposes of this evaluation, despite some problems, this report concludes that the ADR portfolio had very positive results.