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MDBs&Co. : The Inter – American Development Bank
 
The Inter – American Development Bank
 

Established in 1969, the Inter – American Development Bank (IADB) is the largest source of development financing for Latin America and the Caribbean. The bank has an evolving reform agenda that seeks to increase its development in the region. The Inter–American Development Bank supports efforts by Latin America and the Caribbean countries to reduce poverty and inequality. It aims to bring about sustainable, climate-friendly development. In addition to loans, IDB provides grants, technical assistance and carries out research. Its shareholders are 48 Member Countries, including 26 Latin American and Caribbean borrowing members, who have majority ownership of the Inter – American Development Bank. The bank had $12.0 billion in approved lending and grants in 2012 and has about 2.000 employees at present.

 
 
 
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