The Inter-American Development Bank (IADB or IDB) published its 2017 Information Statement, that includes Management’s Discussion and Analysis of the year's financial results, as well as the 2017 audited financial statements.
“The IDB had an excellent year in 2017,” said IDB Chief Financial Officer Gustavo De Rosa. “With a stronger capital base following the transfer of the net assets from the Fund for Special Operations, sustained operating income supported by a growing portfolio and increased volume of financing (approvals rose by 20 percent year-on-year, reaching $13.3 billion), the Bank has consolidated its strong financial position. This will allow us to continue to serve our clients better and to improve lives in Latin America and the Caribbean.”
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
- John Ferriter