The Inter-American Development Bank is the leading source of development financing for Latin America and the Caribbean. We are dedicated to improving lives by offering financial solutions and expert development support to both public and private sector clients through our entities.
With over 60 years of experience, we have been partnering with governments to drive progress and development.
Focused on the private sector, we provide investment solutions that foster business growth.
We explore and implement innovative strategies to promote inclusive growth and address developmental challenges.
The IDB’s Office in Asia (ASI) stands to serve Asian member governments, companies, academic institutions, philanthropists, investors, and other actors as their gateway to improving lives in Latin America and the Caribbean.
While ASI works actively to mobilize resources from Asia-based entities, the Office also works to connect Asian individuals and institutions with the region’s many investment and partnership opportunities. In this sense, ASI is consistently working to develop knowledge sharing platforms and engage in dialogue about both the IDB and the Latin American and Caribbean region more generally.
Korea joined the IDB in 2005 as its 47th member—a milestone facilitated by the Ministry of Economy and Finance (MOEF), which serves as Korea’s governor at the Bank. The partnership reached a major turning point at the 2015 Annual Meeting in Busan, which solidified Korea's role as a key strategic partner.
This meeting led to the birth of IDB Invest, the Bank's private sector arm, through the "Busan Resolution" and launched the Korea Infrastructure Co-financing Facility (KIF). This cooperation, channeled through the Korea Trust Funds (KTFs), the KIF, and the Knowledge Sharing Program (KSP), has mobilized over $2.5 billion for the Latin American and Caribbean region to date. Looking ahead, the partnership will focus on advancing collaboration in AI, technology, energy, and critical minerals.
Established in 2005, the KTFs are the cornerstone of the partnership, serving as the primary vehicle for transferring Korea's technical expertise. A total of $246.6 million has been contributed to four funds focused on Technology and Innovation, Poverty Reduction, Private Sector Development, and Public Capacity Building, financing 631 technical cooperation operations across all 26 borrowing member countries.
Since its establishment in 2015, the KIF's total commitments have grown to $1.9 billion, bolstered by a historic $1 billion replenishment in December 2023. The KIF has since approved $977 million in co-financing for 19 projects, leveraging $3.62 billion in IDB ordinary capital loans.
Since 2011, the IDB-KSP program has served as a vital platform for policy consultation, making the IDB the most active partner for KSP among all multilateral development banks. A total of 65 joint consultancy projects have been carried out.
With support from the KIF (US100 million), this program is to contribute to the reduction of poverty in Bolivia through the universalization of electric energy services as the central axis of a fair and inclusive energy transition.
The enduring partnership between the IDB and the Japan International Cooperation Agency (JICA) continues to yield positive outcomes in the pursuit of sustainable development in Latin America and the Caribbean.
Since 1962, the IDB has maintained the highest possible triple-A credit rating. This rating reflects its strong shareholder support, high-quality loan portfolio (Preferred Creditor Treatment), strong governance, conservative risk management, and substantial liquidity.
The Inter-American Development Bank is a community of diverse, talented results-driven professionals who work with purpose and passion in an inclusive, collaborative, agile and rewarding environment.
The IDB has procurement opportunities for corporate needs as well as for projects in Latin America and the Caribbean. If you are a firm that offers goods and services and is interested in bidding in international procurement, please click on the button below to learn more.