What is the Inter-American Development Bank?

The Inter-American Development Bank (IDB) is an international financial institution that supports the economic and social development of Latin American and Caribbean countries. Established in 1959, the IDB works to reduce poverty and inequality in the region by providing loans, grants, and technical assistance to its member countries. Its primary focus areas include infrastructure development, education, healthcare, climate change, and entrepreneurship. The IDB also collaborates with governments, civil society organizations, and the private sector to promote sustainable and inclusive growth. With 48 member countries, including 26 borrowing members, the IDB plays a crucial role in fostering regional integration, innovation, and development by financing projects and fostering partnerships that address the challenges faced by the region.