Inter-American Development Bank IDB Latin America Economic

Business in America - Institutions

Inter-American Development Bank IDB / Banco Interamericano de Desarrollo.

Summary

The IDB was founded in 1959 as a partnership between 19 Latin American countries and the United States. Today the IDB is owned by 47 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.

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.

Available Languages: (América Latina) (Banco Interamericano de Desenvolvimento) 

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