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 ?
Inter American Development Bank (IADB) has priced AUD300m of kangaroo bonds, Dow Jones has reported, citing lead manager ANZ (NYSE: ANZ) (ANZ.
Inter American Development Bank (IADB) has priced a AUD375m 2019 Kangaroo bond on Thursday.
In that capacity, he held the position of Chairman of the Interim Committee of the IMF from 1985, until his resignation as Minister of Finance, and served as Chairman of the Board of Governors of the Asian Development Bank and The Inter American Development Bank in 1984 and 1989, respectively.