Summary:
IADB (Banco Interamericano de Desarrollo): 48 member states, Latin America and the Caribbean. Inter-American Investment Corporation (IIC). Multilateral Investment Fund (MIF)
The Inter-American Development Bank IDB was founded in 1959 as a partnership between 19 Latin American
countries and the United States. Today the IDB is owned by 48 member states, of
which 26 are borrowing members in Latin America and the Caribbean.
Each member country's voting power is based on its subscription to the
institution's Ordinary Capital (OC) resources. Is the main source of
multilateral financing for economic, social and institutional development in
Latin America and the Caribbean.
Borrowing Member Countries
The IDB has 26 borrowing member countries, all of them in Latin America and the
Caribbean. Together, they have a 50.02 percent of the voting power on the IDB
board.
Groups I and II
In 1999, the IDB started using a country grouping for purposes of monitoring
the distribution of its lending. This criteria divides countries into Groups I
and II, based on their GNP per capita in 1997.
Sample of the course:
On the basis of their lower per capita income, the Bank channels 35 percent
of its lending volume to the Group II countries: Belize,
Bolivia,
Colombia,
Costa Rica, the
Dominican Republic,
Ecuador,
El Salvador,
Guatemala, Guyana, Haiti,
Honduras, Jamaica,
Nicaragua,
Panama,
Paraguay,
Peru and Suriname.
Approximately 65 percent of the lending volume is thus channeled to the
Group I countries: Argentina,
the Bahamas, Barbados, Brazil,
Chile,
Mexico, Trinidad and Tobago,
Uruguay and
Venezuela. In addition
to these two country groupings, the IDB has the mandate to devote at least 50
percent of its operations and 40 percent of its resources to programs that
promote social equity and reduce poverty.
The IDB’s non-borrowing members include the United States,
Canada,
Japan, Israel, the Republic of Korea,
the People's Republic of China, and 16
European countries: Austria, Belgium, Croatia, Denmark,
Finland, France, Germany, Italy, The Netherlands, Norway, Portugal, Slovenia,
Spain, Sweden, Switzerland and the United Kingdom.
The IDB Group is composed of the IDB, the Inter-American Investment
Corporation (IIC) and the Multilateral Investment Fund (MIF). The IIC focuses on
support for small and medium-sized businesses, while the MIF promotes private
sector growth through grants and investments.
The Inter-American Development Bank helps foster sustainable economic and
social development in Latin America and the Caribbean through its lending
operations, leadership in regional initiatives, Research
and knowledge dissemination activities, institutes and programs.
The Bank assists its Latin American and Caribbean borrowing member countries in
formulating development policies and provides financing and technical assistance
to achieve environmentally sustainable economic growth and increase
competitiveness, enhance social equity and fight poverty, modernize the state,
and foster free trade and regional integration.
By the end of 2007, the Bank had approved over $156 billion in loans and
guarantees to finance projects with ininvestments
totaling $353 billion, as well as $2.4 billion in grants and contingent-recovery
technical cooperation financing..
Public entities eligible to borrow from the Bank include national, provincial,
state and municipal governments, and autonomous public institutions. Civil
society organizations and private companies are also eligible.
The IIRSA Initiative (Integration of Regional Infrastructure in South America) is an institutional mechanism for the coordination of
intergovernmental actions performed by the twelve South American countries. Its
main purpose is to create a common agenda related to actions and projects of
infrastructure integration regarding transportation, energy and communications.
Integration and Development Hubs are multinational territories involving natural
spaces, human settlements, production areas, and current trade flow.
Infrastructure investments will create new opportunities of sustainable
development for the population of these territories.
Integration and Development Hubs in Latin America: Andean, Southern
Andean, Capricorn, Paraguay-Parana Waterway, Amazon, Guianese Shield, Southern,
Central Interoceanic, MERCOSUR-Chile, Peru-Brazil-Bolivia.
IADB Project Cycle. Each project the IDB finances passes through a
series of stages; principally preparation, approval, implementation, and
completion and evaluation, known as the project cycle.
The Inter-American Investment Corporation (IIC) is a multilateral
investment institution that is part of the Inter-American Development Bank (IDB)
Group. Its mandate is to promote the economic development of its Latin American
and Caribbean member countries by financing private enterprise, preferably small
and medium in scale.
Multilateral Investment Fund (MIF). From 2001-2008, the Latin American
region’s microcredit portfolio grew by over 35% a year, with the number of
clients increasing by 25% annually. Four Andean countries (Bolivia, Colombia,
Ecuador and Peru) account for 60% of the region’s total microcredit portfolio.
Regional integration in Latin America:
Mercosur,
Andean Community,
SICA,
NAFTA,
ACS, CARICOM,
ALADI,
UNASUR,
ALBA, ALCA,
SELA
...
Inter-American, Development Bank, IDB, Latin America, Economic, member states, Caribbean, Inter-American Investment, Corporation, IIC, Multilateral, Investment Fund, MIF, Master, International Business
