HOW ARE WE ORGANIZED

Governance of the IDB is vested in the Board of Governors, which tops the organizational structure of the Bank. Each member country appoints a Governor, whose voting power is proportional to the capital in the Bank subscribed by his or her country. Governors are usually ministers of finance, presidents of central banks or other high-ranking officials.

The Board of Governors holds an annual meeting in March or April of each year to review the Bank's operations and make major policy decisions. It may also hold extraordinary meetings on key issues. Their decisions are reflected in the list of Approved Resolutions of the Board of Governors. 

The IDB's Governors are ultimately responsible for overseeing the Bank's activities and administration, although in practice, they delegate many of those responsibilities to the Board of Executive Directors.

The Board of Executive Directors is responsible for the conduct of the operations of the Bank and for this purpose may exercise all the powers delegated by the Board of Governors. The Board of Executive Directors usually meets once a week and, among other duties, is responsible for approving loan and guarantee proposals, policies, country strategies, the administrative budget, setting interest rates, and making decisions on borrowings and other financial matters.

The Board of Executive Directors is composed of 14 Executive Directors representing 48 member countries and also includes 14 Alternates, who have full power to act when their principals are absent.

The Board of Executive Directors has five Standing Committees that review and discuss documents. This task of the Committees is based on an Annual Work Program. All fourteen Chairs of the Board of Executive Directors are members of each of the Standing Committees.

The work of the Board of Executive Directors is guided by the Regulations of the Board of Executive Directors, the Code of Conduct of the Board of Executive Directors and the Consolidated Procedures and Terms of Reference of the Standing Committees.

In accordance with the Access to Information Policy, effective 1 January 2011, the Bank makes public the following records of the Board of Executive Directors:

• Agendas of the meetings of the Board of Executive Directors,
• Minutes of the Standing Committees of the Board, of the Donors Committee of the Multilateral Investment Fund, and  of the meetings of the Board of Executive Directors,
• Standing Committees of the Board and Donors Committee of the Multilateral Investment Fund Reports by the Chairpersons of the Standing Committees of the Board of Executive Directors,
• Resolutions adopted by the Board of Executive Directors
• Annual Reports by the Chairpersons of the Standing Committees of the Board of Executive Directors,
• Documents commissioned by the Board of Executive Directors
  • Terms of Reference for the Director of OVE
  • Review of the Ethics, Conduct and Grievance Systems of the Inter-American Development Bank
  • Report of the Independent Review Panel on Evaluation at the Inter-American Development Bank (2018)
  • Report of the Independent Review Panel on Evaluation at the Inter-American Development Bank

The President of the IDB is the institution's legal representative and chief executive officer. He is responsible for the Bank’s day-to-day business and manages its operations and administration with the assistance of the staff of the Office of the Presidency.

The President, who is elected by the Board of Governors, chairs the meetings of the Board of Executive Directors but has no vote, except to break a tie.

The President also makes proposals on the general policy of the Bank for consideration by the Board.

To contact the president please write to PRE@iadb.org

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Strategic Core

• Office of the Presidency
• Office of the Executive Vice President
• Office of the Secretary
• Office of Strategic Planning and Development Effectiveness
• Office of the Executive Auditor
• Office of Institutional Integrity
• Office of Risk Management
• Office of Outreach and Partnerships
• IDB-Lab

Vice Presidency for Countries

• Country Department Southern Cone
• Country Department Andean Group
• Country Department Caribbean
• Country Department Central America, Haiti, Mexico, Panama and the Dominican Republic
• Operations Financial Management and Procurement Services Office

Vice Presidency for Sectors and Knowledge

• Department of Research and Chief Economist
• Infrastructure and Energy
• Social Sector
• Institutions for Development Sector
• Climate Change and Sustainable Development Sector
• Knowledge, Innovation and Communication Sector
• Integration and Trade Sector

Vice Presidency for Finance and Administration

• Finance Department
• Human Resources Department
• Information Technology Department
• Budget and Administrative Services Department
• Legal Department

• Office of Evaluation and Oversight
• Independent Consultation and Investigation Mechanism
• Office of Ombuds and Mediation Services