Inter-American Development Bank | IDB Invest

 


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.


IDB Invest

At IDB Invest, we will build on the rock-solid foundation the Inter-American Development Bank has established in more than half a century as a vital development partner for Latin America and the Caribbean. We will work hand in hand with the IDB to create new synergies, and we will work with partners around the world to mobilize more funding.

We have a new name, but most importantly, we have a new mindset. We’re investing in the private sector, investing in the region’s future, as never before.

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:

Want more info on the IDB? Please visit our page on basic facts about the IDB for a snapshot, or see our Annual Report.


Why IDB Invest?

The IDB Group is investing in the private sector in Latin America and the Caribbean with new energy, new resources and new commitment.

IDB Invest is open for business.

We want to be as dynamic as the region we serve—a region that is fast becoming more urban, more digitally connected, better educated, more widely traveled, with a burgeoning middle class and pent-up demand for goods and services. All this requires a robust, competitive and innovative private sector.

We want to be a better partner to business—more agile, more flexible—to better meet our clients’ needs. We have been retooling ourselves and expanding our presence throughout the region, putting together a strong team that knows the local market and knows business.

As an institution committed to economic growth and social inclusion, the IDB Group understands that development is not just up to governments. The private sector can be—must be—a powerful engine of economic progress and social good.

At IDB Invest, we will build on the rock-solid foundation the Inter-American Development Bank has established in more than half a century as a vital development partner for Latin America and the Caribbean. We will work hand in hand with the IDB to create new synergies, and we will work with partners around the world to mobilize more funding.

We have a new name, but most importantly, we have a new mindset. We’re investing in the private sector, investing in the region’s future, as never before.

IDB Invest is open for business.

 



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.”

 

 


Company Statistics

Date Established

1959

Location

Washington, D.C. United States

Staff

About 2,000