Inter-American Development Bank

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Inter-American Development Bank

Image:Inter-american development bank.png

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The Inter-American Development Bank, was established in 1959 to support Latin American and Caribbean economic/social development and regional integration by lending mainly to public institutions. The Bank is owned by 46 member countries, 20 of which are lenders:

Austria, Belgium, Canada, Croatia, Denmark, Finland, France, Germany, Israel, Italy, Japan, Netherlands, Norway, Portugal, Slovenia, Spain, Sweden, Switzerland, United Kingdom, and United States.

26 of the members are borrowers: Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay and Venezuela.

The United States holds the most IDB shares, at 30%, but borrowers in the agreggate hold about 50% of the total number of shares.

The IDB is unique among development banks in that some of its members are also borrowers. Though this arrangement was first viewed as risky, but as of 2005 no member has defaulted. It is thought that strict peer pressure has prevented the borrowers from defaulting, even when they were under severe economic pressure (c.f. Haiti and Argentina).


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External link

es:Banco Interamericano de Desarrollo pt:Banco Interamericano de Desenvolvimento

News

  • Inter-American Development Bank Selects Trema's Leading Cash ... - Business Wire (press release)
  • Inter-American Development Bank Selects Trema‚Äôs Leading Cash ... - IT Backbones (press release)
  • Industrialists ask energy distributors to give up collection - Dominican Today
  • Inter-American Development Bank IDB approves $45 million for ... - Webbolt Business News (subscription)
  • Central America discusses trade with Caricom, EU in Panama - Xinhua
  • Central Bank governor heads Dominican delegation in regional forum - Dominican Today
  • The failure of Hugo-bashing - Los Angeles Times
  • US Trade and Development Agency Hosts Event on Latin America - Washington File
  • Diaspora helps pay the bills - Financial Times
  • Brazil Treas Secy Levy to quit for IADB-gvt source - Reuters
  • ... more news

Related articles

Image:Wikipedia-small.png Wikipedia article about Inter-American Development Bank (search). This article uses material from that article.
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