IDB loans up +22%

15 April 2008

The Inter-American Development Bank (IDB) lent US$ 6.4 billion to 127 projects in 2006, a +22% increase on the previous year, according to its latest annual report.

The two areas that received the bulk of the IDB's loans and grants in 2006 were poverty reduction projects, which received US$ 2.3 billion, and infrastructure projects, which received US$ 1.8 billion.

In total the IDB approved 21 infrastructure projects, including 16 public sector projects (US$ 1.4 billion) and five private sector projects (US$ 347 million).

In an effort to boost infrastructure investment throughout Latin America, and in a bid to involve the private sector more, the IDB also launched the Infrastructure Investment Fund (InfraFund) 2006, which it describes as “a vehicle to support the preparation and development of sustainable projects in Latin America and the Caribbean.”

The US$ 20 million fund will help the development of critical infrastructure projects in the region. The Bank plans to lend US$ 12 billion to such projects over the next five years.


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]