Inter-American Development Bank
We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education, and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.
The Bank´s current focus areas include three development challenges – social inclusion and inequality, productivity and innovation, and economic integration – and three cross-cutting issues – gender equality and diversity, climate change and environmental sustainability; and institutional capacity and the rule of law. Click here to learn more about the Bank’s current Institutional Strategy.
Inter-American Investment Corporation
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization based in Washington, D.C., that is committed to the development of Latin America and the Caribbean through the private sector.
As part of its mission, the IIC supports the private sector and state-owned enterprises through financing in the form of loans, equity investments, and guarantees. The IIC also partners with clients to provide advisory and training services.
In January 2016, the IDB Group consolidated its private sector operations in the IIC to better serve the region, clients and partners, and to maximize its development impact. The consolidated IIC offers the full array of private sector products and services previously offered across the IDB Group.
Why the IDB?
What do the Panama Canal, Venezuela’s Youth Orchestras, the Favela-Bairro program in Rio de Janeiro, and Haiti’s microfinance institution Fonkozé have in common? They have all received support from the Inter-American Development Bank, Latin America and the Caribbean’s main source of multilateral financing.
Learn more about why you should work for the IDB:
- Learn the Top 4 Reasons.
- Be the leader of your career development at the IDB.
- Read our FAQ about working at the IDB.
Why the IIC?
The Inter-American Investment Corporation is a multicultural organization whose employees are its most important asset, not only as a means to fulfill the institution’s mandate but as a source of expertise that is instrumental in carrying out its operations. As a result, talent and experience have made the IIC a successful organization dedicated to the development of the private sector of its member countries.
Working at the Corporation has many rewards. In return for your commitment to the development of the private sector in Latin America and the Caribbean, the IIC offers a competitive compensation and benefits package, worldwide medical and dental insurance for employees and their eligible dependants, life and disability insurance, a defined benefit pension plan, and opportunities to advance your career.
As an IIC employee, you will have the opportunity to work with professionals of different nationalities, with diverse academic, cultural, and professional backgrounds.
The IDB recognizes that promoting gender equality is pivotal to its goal of accelerating the process of economic and social development in Latin America and the Caribbean (LAC). In November 2010 the IDB approved a new Operational Policy on Gender Equality in Development that will improve the Bank’s ability to support its member countries’ commitments to gender equality and women’s empowerment by applying a gender perspective systematically across its operations. The gender policy commits the Bank to undertake both proactive actions (gender mainstreaming and direct investment) and preventive actions (gender safeguards).
- Gender mainstreaming: The IDB seeks to integrate gender issues across development sectors and throughout the design, implementation, monitoring and evaluation of its operations. For instance, the IDB is developing guidelines to incorporate gender into rural water and sanitation projects where women are primary beneficiaries because of their critical roles in the management of household and community water resources.
- Direct investment: The IDB also invests directly in strategic areas for gender equality and the women’s empowerment through knowledge and capacity building products such as the GEPPAL database on women’s political participation and projects such as the $10 million loan to Mibanco in Peru, which seeks to expand access to financial services for women micro-entrepreneurs.
- Gender safeguards: The Bank will review its financial operations to identify and address adverse impacts and the risk of gender-based exclusion, include women and men in consultation processes, and comply with applicable legislation relating to equality between men and women.
In 2009 the IDB launched a Gender and Diversity Fund, committing $10 million in grant resources and $6 million in contributions from donors to support gender and diversity mainstreaming in Latin America and the Caribbean region.
Why Focus on Gender Equality and Women’s Empowerment?
All governments of the region have ratified the Convention to Eliminate All Forms of Discrimination against Women, and the IDB work in this area helps its member countries live up to their CEDAW commitments. Gender equality contributes to poverty reduction, results in higher levels of human capital for future generations, and improves the development effectiveness of public investments. Studies from the LAC region have shown that increasing female labor force participation can lead to per capita income growth and poverty reduction. Additionally, experiences with conditional cash transfer (CCT) programs in Brazil, Mexico, and other countries in the region have shown that women spend a higher percentage of their income on education, health, and nutrition for the household, decreasing the inter-generational transmission of poverty.
“The IDB has earned the first level of EDGE Certification, “EDGE Assess”. This certification recognizes our solid commitment to gender equality, diversity and inclusion, across our operations and our talent management practices. EDGE evaluated our organization on: equal pay for equivalent work; recruitment and promotion; leadership development, training, and mentoring; flexible working arrangements; and company culture.”