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 ?

Description : This program is part of the Mesoamerican Health Initiative 2015 (SM2015), approved by the Executive Director of the Inter American Development Bank (IADB) the 9th of September, 2009.

Mesoamerican Health 2015 Panama - Second Individual Operation

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).

Inter American Development Bank sets price on AUD300m 2016 Kangaroo bonds

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.

Remarks presented to the United States Chamber of Commerce and Association of American Chambers of Commerce in Latin America