Best Practices

General Operational Policies*

INTERMEDIATE FINANCING FACILITY (IFF)

Source of Funds

Reference: AB-910 (2/83); AB-1378 (5/89); AB–1704 (8/94); FN–263–5 (1/86)
Increase in the resources of the Bank. Letter of agreement and Regulations of the IFF account.

Purpose and Use

Reference: AB-910 (2/83); AB-1378 (5/89); AB–1704 (8/94); FN–263–5 (1/86)
Account established for the purpose of offsetting, in part, the interest charges on loans granted in foreign exchange by the Bank from its capital resources. Resource allocation criteria. Revised regulations of the Intermediate Financing Facility account.

Reference: FN-492 (9/94)
Intermediate Financing Facility account.
Financial projections and interest payment determination.

* The operational policies of the Inter-American Development Bank are intended to provide operational guidance to staff in assisting the Bank's borrowing member countries. Over the course of the Bank's more than 40 years of operations, the approach to developing operational policies has taken various forms, ranging from the preparation of detailed guidelines to broad statements of principle and intent. Many policies have not been updated since they were originally issued, and a few reflect emphases and approaches of earlier years which have been superseded by specific mandates of the Bank's Governors, the most recent being the Eighth Replenishment mandates of 1994. In accordance with the Bank's information disclosure policy, the Bank is making all of its operational policies available to the public through the Public Information Center. Users please note that the Bank's operational policies are under a process of continuous review. This review process includes preparation of best practice papers summarizing experience at the Bank and other similar institutions, and sector strategy papers.

General Operational Policies Sectoral Operational Policies Information Disclosure Policy Procurement Policy