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Contact person:
Robert Vitro
SDS/ICT
robertv@iadb.org
Tel: +1-202-623 2247
Fax: +1-202-3124041


About us

Towards an IDB in the Twenty-first Century

"For the countries of Latin America and the Caribbean to effectively address the roots of poverty and socio-economic inequality, the economic growth rate of the Region must double from the current rate of 3.5 percent to 7 percent".

Enrique V. Iglesias President, Inter-American Development Bank United Nations Conference on Trade and Development February 2000

"The world of services is going to grow vigorously in the coming years. We can not lose the opportunity of the knowledge society. If we are not capable of making the needed educational effort to develop human resources, we are going to lose the opportunity of the knowledge revolution just as we lost the opportunity of industrialization. We have to become involved in these opportunities in a massive manner".

Enrique V. Iglesias, President Inter-American Development Bank Seminar "Centroamerica 2000", 15 November 2000

One of the most significant challenges confronting a multilateral development finance institution such as the Inter-American Development Bank is to ensure that countries in the Regions participate in and benefit from the knowledge-base global economy.

The Inter-American Development Bank is not a "late-comer" to the emergence of the knowledge economy. For years, the Bank has accompanied the countries in the use of information technology for development. This process has had several distinct phases. They are:

  • Evolutionary Phase (1960-1980) During the first two decades of the Bank's operations, the use of information and communication technology proceeded on an ad hoc basis based on sporadic demand from beneficiary countries.
  • Reform Phase (1980 - 1995) The economic and political reforms of the 1980s brought about a significant increase in the number and size of information technology components in Bank-funded projects. The demand for information in the operation of market economies and democratic institutions provided the incentive for this increase.
  • Evaluation Phase (1995-1998) Between 1995 and 1998, the number of projects had reached a point that it was no longer desirable to address information technology for development issues on an ad hoc basis. The Strategic Planning Department promoted dialogue with beneficiary countries to assess the Bank's approach to information technology for development.
  • Transition Phase (1999 - 2000) During December 1998, the Board approved funds to create what has become an Information Technology for Development Unit (IDU). The mission of the Unit is to strengthen the Bank's efforts to support the information technology component in sectoral projects such as health, education, modernization of the state as well as to refine and implement a Bank-wide strategy on information technology for development.
  • Institutionalization Phase (2001 and beyond) Since IDU was created with a "sunset clause", a review was planned for late 2000 to review IDU progress in achieving the objectives established by the Board. The IDB Board of Directors is currently completing its review of IDU. It is currently deciding on the appropriate location in the institution and level of funding. A preliminary decision has been made to upgrade the Unit to a Division.

As the Region enters the new decade, century and millenium, there is an explosion of activity involving information technology. The magnitude of the challenges in the Region - increasing poverty and inequality, endemic debt and vulnerability to financial crises elsewhere, environmental degradation, increasing concern about the potential for markets and democratic reform to expand opportunities for more and more people - provides focus and urgency for our work in this area. In order to respond effectively and in a timely manner, human energies must be mobilized and synergies generated to harness information technology to address these challenges effectively and in a timely manner.

The Bank uses its convoking powers to generate synergy among the twenty-first century leaders of the knowledge-economy in Latin America and the Caribbean. IDB is currently promoting dialogue and exploring our project funding in three major areas: new economy, human capital and digital democracy.


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