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Regional development banks

Inter-American Development Bank


The Inter-American Development Bank (IDB) is the largest multilateral financing institute in Latin America. The Bank was founded in 1959. Germany joined in 1976 when the Bank was opened to non-regional members. The IDB's share capital totals some 101 billion US dollars.

Ecologically sound sustainable economic development, poverty reduction and social justice are the objectives of the IDB. Assistance focuses on investments in social sectors and infrastructure, modernising the state, fostering competitiveness, and fostering regional economic integration. Sustainability is seen as a cross-cutting task. From the Fund for Special Operations (FSO) the Bank allocates low-interest loans and grants to its five poorest members. In 2004 the BMZ entered into a partnership agreement with the Bank in order to specifically encourage renewables and energy efficiency in the region.

Inter-American Investment Corporation

The Inter-American Investment Corporation (IIC) supports small and medium-sized private enterprises in Latin America by providing equity capital and loans. In this way, it complements the work of the IDB, which is geared mainly to the public sector. In 1986 Germany was involved in the founding of the IIC. At the end of 2009, the Federal Republic of Germany held 13.34 million US dollars or just under two per cent of the subscribed capital of the IIC of just under 705 million US dollars.

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Contact

Inter-American Development Bank (IDB)

1300 New York Avenue, NW
Washington, DC 20577
USA
Phone: +1 / 202 / 6 23 10 00
Fax: +1 / 202 / 6 23 30 96

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