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Multilateral Development Banks: Delivering as a System

The leaders of 10 MDBs announced steps to work together more effectively and increase the impact and scale of their work to tackle urgent development challenges.

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Heads of Multilateral Development Organizations holding hands together in a group photo - Financial Development - Inter American Development Bank - IDB

IDB and Brazil Promote New initiatives for Gender Equality

The agreement, signed during the IDB and IDB Invest Annual Meetings, provides for high-impact projects, leadership training and knowledge exchange to empower women.

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Gender and diviersity

IDB and Brazil pave the way for private sector green investment.

A major credit line will mitigate exchange rate volatility, freeing up private investment in the country's climate and green transition.

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Brazil Green Investments
Report Confirms IDB’s Callable Capital Is Valuable

A new report published by the Inter-American Development Bank brings greater clarity and transparency to the usage of callable capital, a portion of capital subscribed by IDB shareholders but not paid unless certain conditions are met. The review is part of IDB’s efforts to implement the recommendations contained in the G20-sponsored Independent Review of Capital Adequacy Frameworks.

IDB Report Highlights Future Growth Opportunities for Latin America and the Caribbean
Latin America and the Caribbean’s economies demonstrated unexpected strength in 2023 and can enact reforms that capitalize on untapped economic opportunities, allowing the region to play a pivotal role in the global economic landscape, according to the Inter-American Development Bank’s (IDB) new macroeconomic report. The region grew 2.1% in 2023, exceeding initial estimates of 1%. Regional growth is forecast to slow to 1.6% in 2024 before rebounding to 2% in 2025. Growth expectations for 2024 are influenced by several factors, including lower global growth, high interest rates, stable
Governors Approve Three Historic, Transformative Changes for the IDB Group to Support the Region
PUNTA CANA, Dominican Republic – The Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest approved three transformative changes to increase the impact and scale of the IDB Group’s development work in Latin America and the Caribbean, including a new Institutional Strategy and a $3.5 billion capital increase to support a new business model for IDB Invest, the Group’s private-sector arm.
Japan Becomes First Official Donor of Pan-American Highway for Digital Health Initiative

PUNTA CANA, Dominican Republic — The Inter-American Development Bank (IDB) and the Government of Japan have joined forces to enhance digital health services in Latin America and the Caribbean through a $5 million contribution from Japan. This marks the first donation to the Pan-American Highway for Digital Health Initiative, led by the IDB, the Pan American Health Organization (PAHO), and countries from the region.

IDB, IDB Invest Governors Pledge to Foster Gender Equality and More Diverse Representation at Boards of Directors
PUNTA CANA, Dominican Republic – On International Women’s Day, members of the Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest endorsed a declaration pledging to foster more equality and more diverse representation on the Boards of Executive Directors. The Governors' Declaration on Gender Equality and Diversity highlights that while progress has been made, work remains to be done, particularly at the IDB and IDB Invest Boards. Governors from well over 40 countries endorsed the declaration. Read the Governors’ statements here . The Governors underscored that Latin
IDB Announces Special Advisor on Gender and Diversity on International Women's Day

On International Women's Day, the Inter-American Development Bank (IDB) announced the appointment of Diana Rodríguez Franco as special advisor on gender and diversity, following a competitive selection process. She will assume her position on April 1, 2024. The IDB’s Board of Executive Directors approved the creation of the Office of the Special Advisor on Gender and Diversity in September of last year. Rodríguez Franco will report to IDB President Ilan Goldfajn. "We're thrilled to welcome Diana Rodríguez to our team. Her dedication and expertise in gender and diversity issues will be

IDB Group Caribbean Governors Endorse the Regional Program 'One Caribbean'

PUNTA CANA, Dominican Republic — The Caribbean Governors of the Inter-American Development Bank Group (IDB Group) endorsed the “One Caribbean” program, a comprehensive framework designed to support enhancing living standards across the Caribbean region. The program focuses on four pillars: climate adaptation, disaster risk management and resilience; citizen security; private sector engagement; and food security, as well as two cross-cutting areas, strengthening institutions and facilitating digital transformation. The signing of this endorsement statement took place during the IDB and IDB

IDB and Brazil’s Ministry of Planning and Budget Will Implement Initiatives to Reduce Gender Inequality
The sides will develop projects with high potential to promote gender equality, train women leaders and foster knowledge exchange. PUNTA CANA, Dominican Republic – The IDB and Brazil will develop new initiatives dedicated to promoting gender equality and the empowerment of women and girls. Inter-American Development Bank (IDB) President Ilan Goldfajn and Minister of Planning and Budget Simone Tebet of Brazil outlined the plans in a memorandum of understanding today during the Annual Meetings of the IDB and IDB Invest Boards of Governors. Under the agreement, the institutions will map projects
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Ilan Goldfajn, president of the IDB: "Society is increasingly impatient with inequalities" (only in Spanish)

El País

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Triple opportunity could transform Latin America’s fortunes, bank head says

Financial Times

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Rethinking Inequality in Latin America (by Ana María Ibáñez)

Project Syndicate

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Ilan Goldfajn, at the head of the IDB, calls for resolving inequalities in Latin America. (only in spanish)

France24

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