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Inter-American Development Bank (IDB)

Reference work entry
Part of the The Statesman's Yearbook book series (SYBK)

The IDB, the oldest and largest regional multilateral development institution, was established in 1959 to help accelerate economic and social development in Latin America and the Caribbean. The Bank’s original membership included 19 Latin American and Caribbean countries and the USA. Today, membership totals 48 nations, including non-regional members.

Members. Argentina, Austria, Bahamas, Barbados, Belgium, Belize, Bolivia, Brazil, Canada, Chile, China, Colombia, Costa Rica, Croatia, Denmark, Dominican Republic, Ecuador, El Salvador, Finland, France, Germany, Guatemala, Guyana, Haiti, Honduras, Israel, Italy, Jamaica, Japan, South Korea, Mexico, the Netherlands, Nicaragua, Norway, Panama, Paraguay, Peru, Portugal, Slovenia, Spain, Suriname, Sweden, Switzerland, Trinidad and Tobago, UK, USA, Uruguay, Venezuela.

Activities.The Bank’s total lending up to 2013 was US$230bn. for projects with a total cost of over US$481bn. Its lending increased dramatically from the US$294m. approved in...

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