Private Enterprise and Financial Markets > Infrastructure and Financial Markets > Infrastructure
Private Infrastructure and the Inter-American Development Bank. 1990-2000
By SDS/IFM (02/01, En)
The infrastructure sector has been the recipient of Inter-American Development Bank Group's sustained lending effort, now increasingly being provided to the private sector. Since 1995, when the Private Sector Department (PRI) was created, the Bank has approved loans and guarantees to 47 private active projects in infrastructure, adding up $2,318 million. During the year 2000, 11 private infrastructure projects were approved for a total IDB contribution of $512 million (versus $504 million approved for the sector).
IDB Group's support infrastructure relies on a policy that requires that the service be provided in the most efficient and effective way, on a sustainable basis by those better qualified to do so. This normally means that the State will tend to focus on policy setting, oversight and regulation of services, shifting the financing, investing and managerial function to private parties. As a lender of last resource, the approach of the IDB Group consists of facilitating the flow of financial resources for infrastructure and simultaneously strengthening the local institutional skills, so as to attain sustainable reforms. Resources previously needed to build public infrastructure are released to cover other basic social needs. Weel-desinged, screened projects will increase the competitiveness and coverage of basic services in the countries, with the spillover effect of enhancing the opportunities of trade stemming from economic integration.
This publication of the Infrastructure and Financial Markets Division provides an overview of the Group financial and non-financial activities in the field. The document describes the type of instruments developed so far, and contains an up-to-date list of funded projects in the nineties. Emphasis is placed on giving a brief and precise information on the project finance characteristics of individual loans. In every project, it is possible to identify the sponsors, the customers, and the debt structure. Also, a list of publications in enclosed, as well as IDB's Operational Policies and Strategies in the specific sectors.
Marķa Antola, Paul Moreno, and Juan Benavides have prepared this third edition.
Last updated: 01/29/07
