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IDB flag. The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America.It serves as one of the leading sources of development financing for independent countries of Latin America and the Caribbean. [1]
This included the Inter‐American Development Bank (IDB), the African Development Bank (AfDB), the Asian Development Bank (ADB), the Development Bank of Latin America and the Caribbean (CAF), and the Islamic Development Bank (IsDB). Both the CAF and IsDB are "primarily owned and controlled by borrower countries." [15]
A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower countries. MDBs finance projects through long-term loans at market rates ...
Friday's agreement included $89 million for the IDB's efforts to help countries address migration challenges, including $25 million from the U.S. and additional funds from Canada, South Korea and ...
The IDB bank said it conducted reverse stress tests that showed all its shareholders considered obligations for callable capital legally binding, but a call on the emergency capital remained a ...
One of the most common criticisms of the World Bank has been the way it is governed. While the World Bank represents 188 countries, it is run by a small number of economically powerful countries. These countries (which also provide most of the institution's funding) choose the bank's leadership and senior management, and their interests dominate.
To reach that total, World Bank shareholders and donor countries would have to boost their contributions from $24 billion to $30 billion, which would be a challenge given the rise of the U.S ...
Canuto joined the Inter-American Development Bank (IDB) in 2007 as vice-president for Countries where he led the development of relationships between the IDB and borrowing countries, as well as campaigns to formulate the IDB's country and regional strategies. Canuto returned to The World Bank in 2009 as vice-president.