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 ?
About the Institute for Defense and Business The IDB is a non-profit research and education institute formed in 1997 by the University of North Carolina at Chapel Hill and the state of North Carolina.
He said that Pakistan was an important member country of the IDB and assured Bank's support in the implementation of the plans and priorities set by the government of Prime Minister Mohammad Nawaz Sharif.
Trade value among the IDB member nations is in addition likely to increase.
IDB and the founding investors have established ASMA Capital Partners, based in Bahrain, as a multi-fund asset management platform to manage the IDB Fund II.
the IDB creditors in relation to IDB The Company will continue to notify
Nigeria is the fourth-largest equity subscriber to the IDB with 1,384m Islamic dinars (ID) - One ID = One SDR (Special Drawing Rights) of the International Monetary Fund (IMF).
During the meeting, Ahmad Ali expressed satisfaction for the level cooperation between IDB and Islamic Republic of Iran.
Additionally, a wide array of non-FDIC insured investment products is available through IDB Capital Corp.
The three projects are "the Floods Impact Mitigation Project in Dakar" for which IDB will provide $39 million, "the Building Resilience to Recurring Food Insecurity Program" for which IDB's financing is $26 million, and "the Northern Dakar Sanitation Improvement Project" where IDB will provide $79 million.
The second annual IDB Executive Fellows dinner will be held at the US Chamber of Commerce building in Washington.
The new fund has commitments of USD750m from Saudi government pension and investment funds, ministries of finance in Bahrain and Brunei and the IDB itself.
A $2 billion Islamic Development Bank Infrastructure Fund II (known as the "IDB Fund II") was launched on the occasion of the bank's 40th anniversary, said Ahmad Mohamed Ali, president of the IDB Group.