Private Infrastructure: Support from the Inter-American Development Bank Group 1990-2005
By SDS/IFM (04/06, En, Es) See also Infrastructure and Financial Markets
April 2006 - 6th Edition
English
Since the Inter-American Development Bank (IDB) was founded in 1959, support
to infrastructure has been the largest component of its lending operations. This
assistance has traditionally been provided through the public sector, in the
form of project-specific loans as well as sector lending and technical
cooperation operations, supporting the creation of appropriate regulatory
frameworks. However, in the last few years, there has been a significant
increase in the participation of the private sector, as both operator and owner
of infrastructure services. With the Inter-American Investment Corporation (IIC),
the Multilateral Investment Fund (MIF) and the Private Sector Department (PRI)
of the Bank that started to operate in 1989, 1993 and in 1994, respectively, the
Bank Group has responded with operations specifically designed to encourage
private sector participation in infrastructure.
The Bank provides direct lending and guarantees for infrastructure projects with private participation through the Private Sector Department. It also supports the development of the proper environmental and regulatory frameworks through sector lending and technical cooperation operations provided by its public sector arm. Since 1989, the IIC has taken loan and equity participation in small- and medium-sized infrastructure projects and has provided financial advice for infrastructure transactions. The MIF addresses regulatory reform and, in some cases, privatization issued to facilitate private sector participation by providing grants through its technical cooperation window.
This report provides a review of IDB Group activities supporting private participation in infrastructure between 1990 and 2005. By compiling all these activities into a single document, a better appreciation will be developed for the contribution it has made and the degree to which more action is required. Section II describes IDB Group's actions for private infrastructure since 1990 and discusses the IDB Group strategy, the lending program, the technical assistance program, and nonfinancial activities. Section III presents some conclusions. Finally, the Annexes include tables summarizing the activities and a brief description of each project.
This sixth edition was prepared by Juan Benavides and Juan José Durante.
Previous Editions
Fifth Edition
(2004)
- Prepared by Juan Benavides and Paola Moyano
Fourth Edition (2003)
- Prepared by Mónica Almonacid, Paulina Beato, Jaime Millán and Diego
Sourrouille
Third Edition
(2001) - Prepared by María Antola, Paul Moreno and Juan Benavides
Second Edition (1999) - Prepared by Tracy Phillips
First Edition (1997) - Prepared by Antonio Vives and Jorge Rivas
To obtain a hard copy of this publication, please submit your request to:
IFM Publications
Infrastructure and Financial Markets Division
Inter-American Development Bank
1300 New York Avenue, N.W.
Washington, D.C. 20577
Mail Stop W-0508
E-mail: sds/ifm@iadb.org
Fax: 202-623-2157
Infrastructure
and Financial Markets Division
Private Enterprise and Financial Markets Subdepartment
Sustainable Development Department
Inter-American Development Bank
Last updated: 05/08/07
