Less advantaged countries receive benefits from resources of the Fund for Special Operations (FSO), whose assets are made up of contributions from IDB member countries. FSO resources, which totaled $9.8 billion as of the end of 2009, are used to provide concessional loans to the poorest countries of the region: Bolivia, Guyana, Honduras and Nicaragua. Haiti, which has traditionally benefited from the FSO resources, has received exclusively grants since 2007 through the IDB Grant Facility. Under current eligibility criteria, Guatemala and Paraguay also receive a smaller share of FSO financing, in addition to regular access to the Ordinary Capital.
The IDB approved $4.4 billion in debt relief for Bolivia, Guyana, Haiti, Honduras and Nicaragua in March 2007 out of the FSO.
In March 2010, the Board of Governors of the IDB agreed to provide $479 million in new contributions to the FSO to provide full debt relief and additional resources to Haiti, and ensure the sustainability of the FSO until 2020. The Governors also agreed to review the need for a new FSO replenishment before 2020.
For more information, please visit Concessional Financing.
For FSO financial statements, please refer to our Annual Reports.