The Inter-American Development Bank (IADB or IDB or BID) is the largest source of development financing for Latin America and the Caribbean. Established in 1959, the 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. Its official names in the other three languages are as follows:
Language | Name |
---|---|
French | Banque interaméricaine de développement; |
Portuguese | Banco Interamericano de Desenvolvimento |
Spanish | Banco Interamericano de Desarrollo |
They work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, They help improve health and education, and advance infrastructure. Their aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today They are the leading source of development financing for Latin America and the Caribbean. They provide loans, grants, and technical assistance; and They conduct extensive research. They maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
The IDB prioritizes social inclusion and equality; productivity and innovation; and regional economic integration in its development work across Latin America and the Caribbean. In doing so, it addresses the cross-cutting issues of gender equality and diversity; climate change and environmental sustainability; and institutional capacity and the rule of law.
IADB
means
Inter American Development Bank
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