Capital and Funds Under Administration
The Bank finances its operations by issuing bonds in international capital markets. Since 1962, the Bank has held the highest possible credit rating, triple-A. Its financial strength is based on its solid capital base, its conservative investment and lending policies as well as its financial performance and the backing from its member countries.
Forty-eight countries from the Americas, Europe and Asia contribute to the IDB Ordinary Capital (OC) and Fund for Special Operations (FSO). The IDB also administers, on behalf of sovereign and non- sovereign donors, more than 50 Trust Funds that enhance the financing offerings to borrowing member countries.
In July 2010, the Board of Governors agreed to the Ninth General Capital Increase (GCI-9), the largest capital increase in the IDB’s history. The GCI-9 provided $70 billion in additional capital subscriptions to the OC and US$479 million in new contributions to the FSO. The GCI- 9 implementation started in 2011 and was completed in 2016.
The subscribed capital to the IDB after the GCI-9 will amount to US$ 170.9 billion, and contributions to the FSO to US$ 10.2 billion.
In September 2016, the Board of Governors, by means of Resolution AG-9/16, approved the document titled “Proposal for Sustaining Concessional Assistance by Optimizing the IDB’s Balance Sheets”. In accordance with said document, all the assets and liabilities of the FSO, including all receivables from and payable to member countries, were transferred into the OC resources of the Bank, effective January 1, 2017.
Funds Under Administration
Trust Funds are established by sovereign and non-sovereign donors to complement the IDB offerings to its borrowing member countries. The countries and multilateral institutions that contribute to IDB trust funds are Austria, Canada, Chile, China, Denmark, the European Union, Finland, France, Germany, Italy, Japan, the Republic of Korea, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom and the United States.
Among the IDB’s strategic partners and donors that contribute to the trust funds are private sector corporations, foundations and multilateral institutions, fostering strategic partnerships with the IDB.
The Multilateral Investment Fund (MIF)—created to promote private sector growth thorough grants and investments—is the largest multi-donor trust fund of the IDB.
The Bank also administers multiple single-donor trust funds that provide reimbursable and grant funds to finance consulting services, training, pilot projects and co-financing that complement IDB reimbursable operations and trigger scalability.