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 ?
He currently serves on boards and advisory committees for the Foundation of the Americas, the World Bank, the Inter-American Development Bank, and Human Rights Watch.
* "20 November 2002 -- The Inter-American Development Bank today announced the approval of a $30 million soft loan that will support the second phase of a program to modernize the administration of justice in Honduras...."
The issue is whether the Inter-American Development Bank, financed with U.S.
With the help of the Inter-American Development Bank, the Mexican bank created Fondo Accion to provide credit to small farmers.
THE INTER-AMERICAN DEVELOPMENT BANK, a multi-lateral lending agency, predicts Latin America's growth at about 2% in 2002 if the world economy recovers.
THE INTER-AMERICAN DEVELOPMENT BANK loaned Argentina US$600 million for secondary education programs.
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