The Agreement Establishing the IDB and the IDB’s Board of Governors have given the Bank a series of mandates that govern its activities and operations in Latin America and the Caribbean.

The main mandate emanating from the charter of the Bank is to foster the economic and social development of the IDB's borrowing member countries, both individually and collectively.

In the Ninth General Capital Increase, the Board of Governors mandates the Bank to pursue two overarching objectives: reducing poverty and inequality and achieving sustainable growth. Alongside these objectives are two strategic goals: addressing the special needs of the less developed and smaller countries and fostering development through the private sector.  

The Report on the Ninth General Increase in the Resources of the Inter-American Development Bank,  identifies five sector priorities to operationalize the Bank’s Institutional Strategy: social policy for equity and productivity; infrastructure for competitiveness and social welfare; institutions for growth and social welfare; competitive regional and global international integration; and protection of the environment, response to climate change, promotion of renewable energy and ensuring food security. 

The Report further encompasses criteria to enhance complementarity and coordination with other development partners and a results framework that will allow for evidence-based review and update of the Institutional Strategy.