More Related Content
Similar to Inter american development bank (20)
More from Yasha Singh (20)
Inter american development bank
- 1. Inter-American Development Bank Presented By: Yasha Singh 4113007007 1
- 2. About • The Inter-American Development Bank (IADB or IDB) is the largest source of development financing for Latin America and the Caribbean. • It is Established in 1959, current president is Luis Alberto Moreno. • IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations. • The IDB has four official languages: English, French, Portuguese, and Spanish. 2
- 3. Member countries • The Bank is owned by 48 sovereign states, which are its shareholders and members. Only the 26 borrowing countries are able to receive loans. • Borrowing: – Argentina, The 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, Venezuela 3
- 4. Member countries • Non borrowing: – Austria, Belgium, Canada, China, Croatia, Denmark, Finland, France, Germany, Israel, Italy, Japan, The Netherlands, Norway, Portugal, Republic of Korea, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States. 4
- 5. Focus • IDB seeks to eliminate poverty and inequality, and promotes sustainable economic growth. • The Bank supports clients in the design of projects, and provides financing, technical assistance and knowledge services to support development interventions. • The IDB focuses on empirical evidence for making decisions and measuring the impact of this projects to increase its development effectiveness. 5
- 6. Objectives, Goals and Sector Priorities • Priorities Sector: – social policy for equity and productivity; – infrastructure for competitiveness and social welfare; – institutions for growth and social welfare; – competitive regional and global international integration; and – protection of the environment, response to climate change, promotion of renewable energy and ensuring food security. 6
- 7. Objectives, Goals and Sector Priorities • Main objectives: – reducing poverty and inequality and – achieving sustainable growth. • Goals: – addressing the special needs of the less developed and smaller countries and – fostering development through the private sector. 7
- 8. areas of action • IDB has the following main areas of action: – Reducing poverty and social inequalities; – Addressing the needs of small and vulnerable countries; – Fostering development through the private sector; – Addressing climate change, renewable energy and environmental sustainability; and – Promoting regional cooperation and integration. 8
- 9. How IDB organized • The IDB is headed by the Board of Governors, which delegates oversight of Bank operations to the Board of Executive Directors. Day-to-day operations are run by the management team. • Each member country appoints a governor, whose voting power is proportional to the Bank’s capital subscribed to by the country. • The 26 Latin American and Caribbean countries in the IDB hold 50.02 percent of the voting power. • The single largest shareholder is the United States, with 30.01 percent. 9
- 10. How IDB organized • The single largest shareholder is the United States, with 30.01 percent. • Members of the Board of Executive Directors serve three-year terms at IDB headquarters in Washington, D.C. • The President of the IDB, who is elected by the Board of Governors for a five-year term, is the institution’s chief executive officer and legal representative, responsible for the day-to-day business of the Bank. • He is assisted by one Executive Vice President and four Vice Presidents. 10
- 11. 11