December 23

IDB Provided Nearly US $20 Billion in Funding in 2021

The Inter-American Development Bank, IDB, said Monday it expects to close this year with US$19.5 billion in new financing for Latin America and the Caribbean, the second highest in its history.

The funds provided by IDB and its private sector arm went towards recovery from the COVID-19 pandemic, and also backed country priorities ranging from COVID-19-era healthcare and digitalisation to climate change action, supply chains and education, among other programmes.

The bank also backed projects that are designed to reduce gender inequality, expand entrepreneurial opportunity, and empower small and midsize companies, which account for over two-thirds of the region’s jobs.

Source: Jamaica Gleaner (link opens in a new window)

gender equality, impact investing