Inter-American Development Bank

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Inter-American Development Bank

Also called the IADB. A bank that provides funds to assist international development in Latin America and the Caribbean. It primarily loans money to governments and state-owned corporations. It is owned by 48 country-shareholders, which are divided into borrower countries and creditor countries. Interestingly, borrower countries own a slight majority of shares in the IADB. It was established in 1959 and is headquartered in Washington, D.C.
References in periodicals archive ?
Under the coordination of the IADB, over 30,000 mines have been identified and rendered safe, bur there is still much work to do.
The IADB study said the Haitian government had reported 230,000 dead as of February 10.
Knight Foundation, moderator of the "CEO Forum on Philanthropy," and key participant in the PODER Philanthropy Forum said, "The PODER Philanthropy Forum and today's IADB Forum on Philanthropy herald a new era for Latin America.
The World Bank, in contrast with the IADB, has recently become more intensively engaged with civil society organizations, while being more autonomous from regional borrower governments.
Ambassador Esteban Tomic of Chile, who chaired the special session, recalled that the IADB had been formally established in the same historic hall sixty-four years earlier, just three months after the Japanese attack on Pearl Harbor.
Aguas' $140 million fixed-rate IADB B loan transaction benefits from IADB's preferred creditor status umbrella.
s $140 million fixed-rate IADB B loan transaction benefits from Inter American Development Bank's preferred creditor status umbrella.
Daniel Riordan, executive vice president and managing director at Zurich Emerging Markets Solutions said, "Zurich has longstanding relationships with development banks, such as the IADB, and we are delighted to have the opportunity to partner with them on this project.
IADB is rated 'Aaa' by Moody's Investors Service, 'AAA' by Standard & Poor's, and 'AAA' by Fitch Ratings.
IADB president Luis Alberto Moreno has said earlier this month that the bank was under pressure to expand its capital as its lending capacity will significantly fall starting next year, the report said.
For those deals where principal and interest repayment is dependent on the creditworthiness of underlying corporate obligors, Standard & Poor's has affirmed the ratings of the Aguas Argentinas SA US$140 million IADB B Loan (Aguas IADB) and Gain Trust Notes due 2005 Financial Trust (GAIN 2005), and has downgraded the ratings of TGN IFC Trust I (TGN IFC I), TGN IFC Trust II (TGN IFC II), TGN CRIBs Financial Trust I (TGN CRIBs), Transportadora de Gas del Sur S.