What Does the Inter-American Development Bank Do? thumbnail
What Does the Inter-American Development Bank Do?
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For more than six decades, the Inter-American Development Bank (IDB) has been the leading source of long-term financing for economic, institutional, and social developments in Latin America and the Caribbean. In that time, the bank has significantly expanded its membership and increased its capital
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Summary

The Inter-American Development Bank (IDB) is a leading source of long-term financing for economic and social development in Latin America and the Caribbean. It provides grants and loans to support projects in various sectors, such as education, infrastructure, and sustainable tourism. The IDB has faced criticisms for inefficiency and differing member interests. It has expanded its focus to include gender equality, climate action, and the rule of law. The bank has mobilized record financing in response to the COVID-19 pandemic and aims to catalyze private investment and accelerate climate financing. The United States plays a significant role in the IDB's operations.

Top Highlights

  • For more than six decades, the Inter-American Development Bank (IDB) has been the leading source of long-term financing for economic, institutional, and social developments in Latin America and the Caribbean. In that time, the bank has significantly expanded its membership and increased its capital base. In 2021, as the COVID-19 pandemic ravaged th...
  • In the decades since, the bank has elected seven presidents, nearly tripled its original membership, and increased its capital from an initial base of $1 billion to more than $170 billion today. Its scope of work has also expanded, with the bank recognizing the need to go beyond traditional economic development projects to support principles includ...
  • The idea of a regional bank to drive economic and social development was originally put forth [PDF] by Argentine lawyer Juan Bautista Alberdi in 1844. By the early twentieth century, Latin American countries were becoming increasingly dissatisfied with their limited representation in international finance institutions such as the World Bank. It was...
  • The IDB’s primary goals are promoting social inclusion and equality, boosting productivity and innovation, and strengthening regional economic integration. It offers assistance to public and private sector clients in two primary ways: Grants. The IDB directly offers funds to help organizations enhance their technical knowledge, expertise, and capa...
  • In 2021, the IDB and IDB Invest, the bank’s private sector arm, mobilized a record $23.4 billion in financing, a $1.4 billion increase from the previous year; this included a record $4.5 billion for projects related to climate change. Since it was established, the IDB has undergone nine capital increases, which the bank does not have a regular sch...

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IDB
América Latina
Economia Internacional

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The Inter-American Development Bank (IDB) is a leading source of long-term financing for economic and social development in Latin America and the Caribbean. It provides grants and loans to support projects in various sectors, such as education, infrastructure, and sustainable tourism. The IDB has faced criticisms for inefficiency and differing memb...

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