The Inter-American Development Bank (IDB)
Development Bank (IDB) is a regional multilateral development
institution, and was established in 1959 to help accelerate economic and
social development in Latin America and the Caribbean.
The Bank is owned by its 46
member countries: 26 borrowing member countries in Latin America and the
Caribbean, and 20 non-borrowing countries, including the United States,
Japan, Canada, sixteen European countries and Israel. The Bank, whose
headquarters are in Washington, D.C., also has
offices in each Latin American country, Paris and Tokyo.
In addition to the Bank, the IDB Group consists of the Inter-American
Investment Corporation (IIC) and the Multilateral
Investment Fund (MIF). The IIC, an autonomous affiliate of the Bank, was
established to promote the economic development of the region by financing
small and medium-scale private enterprises. The MIF was created in 1992 to
promote investment reforms and to stimulate private-sector development.
The Bank's Charter states that its principal functions are to utilize its
own capital, funds raised by it in financial markets, and other available
resources, for financing the development of the borrowing member countries;
to supplement private investment when private capital is not available on
reasonable terms and conditions; and to provide technical assistance for the
preparation, financing, and implementation of development plans and
The Bank's operations cover
the entire spectrum of economic and social development, working in sectors
such as: agriculture, industry, energy, transportation and the social
sectors of environmental and public health, education and urban development.
Current lending priorities include poverty reduction and social equity,
modernization and integration, and the environment.
click here to see IDB documents on the
Summits of the Americas process.
Please click here to see IDB documents on the Summits of the Americas process.
For more information on the IDB, please see their Web site: http://www.iadb.org