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Private Firms and SME Development

The IDB Group is committed to the development of Latin America and the Caribbean through the private sector and channels.

SECTOR FRAMEWORK

As part of the Renewed Vision paper endorsed by the Bank’s Board of Governors, the three pillars of the IDB Group’s financial and nonfinancial support activities with the private sector will be: strategic selectivity, a systematic approach, and development effectiveness. Strategic selectivity involves choosing interventions in areas where the IDB Group can make the greatest difference and shaping these interventions in a way that their impact can be maximized. A systemic approach will ensure that the IDB Group’s resources have an impact greater than that of an individual project. Development effectiveness will ensure that objectives can be tracked and used to guide strategic direction at the corporate level.

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