IDB Office in Asia
Since its establishment in 1995, the IDB Office in Asia (ASI) has played a critical role as a bridge between LAC and the dynamic economies of Japan, Korea and the People’s Republic of China. ASI has contributed substantially to strengthen business, and economic cooperation ties between both regions, thus supporting the Bank’s mission of promoting a sustainable and equitable social and economic development in its borrowing member countries. ASI is one of two Regional Offices under the Office of Outreach and Partnerships and its activities are coordinated with its HQs in Washington, DC.
Facilitate liaison between the Bank, Japanese, Korean and Chinese Governments and the Japanese, Korean and Chinese business communities is one of the objectives of the IDB office in Asia. Also it has the responsibility of promote and/or supports the organization of seminars, conferences and dialogues on LAC affairs; paying special attention to the social and economic development situation, prospects, challenges and opportunities of those countries and to the Bank activities in the region. Asia Office Objectives
Working with the office in Asia, the IDB constantly explores and cultivates partnership opportunities in the Asian private sector, as well as reaffirms existing partnerships in the public sector. The Bank has signed MOUs with new co-financing counterparts in Asia including Bank of China, China Development Bank and the Export-Import Bank of China. Renewing efforts to expand existing co-financing partnerships were made with institutions such as the Export-Import Bank of Korea (KEXIM), the Japan Bank for International Cooperation (JBIC), and the Japan International Cooperation Agency (JICA). Six co-financing and MOUs in total with Asian institutions were delivered in 2009.