IDB Group approved a total $14.58 billion in financing during 2017

The Inter-American Development Bank and IDB Invest, the IDB Group’s non-sovereign guarantee operations arm, approved more than 300 loans and credit guarantees during 2017 for a total $14.58 billion for borrowing countries and businesses in Latin America and the Caribbean.

These amounts represent a significant increase from 2016, when the Bank and IDB Invest approved 248 operations worth $11.50 billion. These results confirmed the IDB Group’s position as the leading source of multilateral financing for the region.

Bank and IDB Invest disbursements totaled $11.22 billion in 2017—more than $1 billion over the 2016 disbursements. The level of both approvals and disbursements remained in line with the priorities set by the IDB Group’s 48 member countries.
Financing for sovereign guarantee operations, which are managed by the Bank, was distributed as follows: 39% for State reform and modernization projects, 38% for infrastructure and energy, 13% for climate change and sustainable development, 8% for social programs, and 2% for trade and integration.

Additionally, during 2017 the Bank approved new guidelines for results-based loans and for conditional credit lines for investment projects. It also created a new lending instrument to help countries tackle eventual macroeconomic crises.

For its part, IDB Invest experienced robust growth in the number of approvals compared to 2016, the first year in which it took charge of all the IDB Group’s non-sovereign guarantee operations. The upturn reflects both its expansion into new sectors and the diversification of its local-currency denominated products and more flexible conditions.

Another 2017 milestone was the historic agreement reached to support a capital replenishment of more than $300 million for the Multilateral Investment Fund, the IDB Group’s innovation lab.

During 2017 the IDB Group institutions also strengthened the measures taken in recent years to better control administrative costs, in line with the austerity policies adopted by many member countries.

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.