Inter-American Development Bank (IDB)
http://www.iadb.org/
Primary Contact
John Horton
The mission of the Inter-American Development Bank is to ”contribute to the acceleration of the process of economic and social development of the regional developing member countries, individually and collectively.” Since its founding in 1959, the Bank has become a major catalyst in mobilizing resources for the region. The IDB provides loans and technical assistance to 26 countries in Latin America and the Caribbean using capital provided by its member countries, as well as resources obtained through bond issues in international capital markets. The Bank’s two main goals are to promote poverty reduction and social equity as well as environmentally sustainable growth. To attain these goals, the Bank focuses its work on four priority areas: Fostering competitiveness through support for policies and programs that increase a country's potential for development in an open global economy. Modernizing the state by strengthening the efficiency and transparency of public institutions. Investing in social programs that expand opportunities for the poor. Promoting regional economic integration by forging links among countries to develop larger markets for their goods and services.