Cofinancing

International partners provided nearly $2.4 billion in cofinancing and related project transactions during 2007 in support of Bank operations, not including private sector and trust fund operations. As in 2006, approvals in all countries reflected deepening programmatic cooperation with multilateral partners and successful strategic partnerships. Interest in regional infrastructure programs remained strong: the Japan Bank for International Cooperation supported infrastructure in Panama, and bilateral as well as private sector agencies collaborated more intensely through IDB-administered Grant Cofinancing Contributions.

The volume of cofinancing and related programs involved seven cofinancing partners supporting 25 operations in 11 countries, including one regional operation. Several operations attracted multiple donors. Partners provided new or additional funding for seven projects in Argentina, two in Venezuela, four in Chile and one in Colombia. The IDB’s principal cofinancing partner continues to be the World Bank, which approved a total of $1 billion for 12 projects in six countries, supporting productive, infrastructure and social sectors. The Andean Development Corporation strengthened its presence through regional infrastructure programs, buttressing the Bank’s work on eight projects in five countries for a total of $1.2 billion. The OPEC Fund, Central American Bank for Economic Integration and Global Environment fund contributed to five operations in three countries and one regional project.