1999 Annual Report on the Environment and Natural Resources
By ENV (05/00, En, Es) See also Environment and Natural Resources
The IDB Group is made up of (i) the Inter-American Development Bank (IDB), which makes loans to governments (95% of its portfolio) and loans and loan guarantees to the private sector (up to 5% of its portfolio); (ii) the Inter-American Investment Corporation (IIC), which provides loans and loan guarantees to the private sector in medium- and small-scale investment projects; and (iii) the Multilateral Investment Fund (MIF), a special fund administered by the IDB to encourage the growing participation of the private sector in Latin America and the Caribbean. In collaboration with governments, business organizations, and civil society groups, the Fund makes grants to support market reforms; improve workforce capacity; and expand the participation of small and medium enterprise in the region. The MIF also acts as a catalyst to attract capital to small business and microfinance through investment in special equity funds for community development, venture capital, technology, business alliances, and funds that sponsor new directions in environmental management and protection.
The Bank carries out its environmental mission through the Environment and Natural Resources Divisions of the three Operations Departments and the Environment Division of the Sustainable Development Department.
In 1999, the Bank's environmental and natural resource activities were focused in three priority areas of action, which are addressed in this report. These areas were: identifying and implementing loans specially designed to solve environmental problems; designing and implementing strategies, good practices, and action plans related to environmental and natural resource management; and performing quality control of the environmental impact assessments (EIA) performed at the Bank, a task entrusted to the Committee on Environment and Social Impact (CESI).
Last updated: 05/08/07
