Inter-American Development Bank

The Inter-American Development Bank (IDB) was founded in 1959 to support the nations of Latin America and the Caribbean in their efforts to defeat poverty. The IDB follows a policy of intervention, providing conventional financial services coupled with grants, research, and technical assistance to businesses. The bank is dedicated to the reduction of poverty through the development of environmentally sustainable investment. The IDB is the largest source of development financing throughout Latin America and the Caribbean, and it unites 48 member states (including 26 Latin American and Caribbean borrowing countries) in implementing their reform agendas. The borrowing members have majority ownership of the IDB. The bank provides financing to governments at the national, state/province, and municipal levels; private businesses and civil organizations; and nongovernmental organizations ...