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.
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Inter American Development Bank (IADB) has priced AUD300m of kangaroo bonds, Dow Jones has reported, citing lead manager ANZ (NYSE: ANZ) (ANZ.AX) (OTC: ANZBY).
We agreed to reduce the time and cost of starting a business by the next Summit in 2005; support the Inter American Development Bank's goal of tripling the credit it provides for small and medium-sized businesses by 2007; cut by at least half the cost of sending remittances by 2008; and strengthen property rights by the next Summit in 2005.
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