The new policy seeks to reaffirm its commitment to transparency
IDB Invest, the private arm of the Inter-American Development Bank (IDB) Group, is updating its information policy. As part of this process, IDB Invest will open to public consultation the draft of the new Access to Information Policy on May 23 and will receive comments for a period of 120 days. The draft Policy is now available to the public for information on the IDB Invest website: http://consultation.idbinvest.org/ in the institution’s four official languages – Spanish, English, French and Portuguese.
With this new Policy, IDB Invest seeks to reaffirm its commitment to transparency in its activities and strengthen its governance and corporate responsibility, as well as to reflect the new Access to Information standards adopted by international financial institutions with an emphasis on private sector topics.
The objective of the public consultation is to establish a transparent and constructive dialogue that allows IDB Invest to listen to the suggestions of interested parties and give everyone the opportunity to contribute to improve the effectiveness of the Policy.
The consultation will include virtual and face-to-face dialogue with interested parties. The virtual consultation will take place through the IDB Invest website. Also available are answers to frequently asked questions and explanatory videos.
The calendar of face-to-face meetings of the consultation, which will take place in various Latin America and the Caribbean countries as well as in Washington, D.C., will soon be available to the public on this website.
At the close of the consultation and after the Board approval, the new Access to Information Policy will be made available to the public. After its adoption, it will replace the current Information Availability Policy. Together with the approved Policy, a report describing its preparation will be disclosed that includes all the comments received during the consultation.
About IDB Invest
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting Latin America and the Caribbean businesses. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of $11.2 billion under management and 330 clients in 23 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. As of November 2017, IDB Invest is the trade name of the Inter-American Investment Corporation. www.idbinvest.org