Select Page

The main mandate, which derives from the Bank`s statutes, is to promote the economic and social development of the IDB`s borrowing countries, both individually and collectively. To meet the growing demand for help from clients to combat climate change, General Capital Increase (GCI-9) is committed to supporting borrowers` mitigation and adaptation efforts, while meeting their development and energy needs. GCI-9 has set a target of 25% of global lending to a growing portfolio in the areas of climate change, environmental sustainability and renewable energy. The IDB is the main source of multilateral funding for Latin America and the Caribbean. [4] IdB lends to the governments of its lending member states at usual commercial interest rates and has preferred creditor status, which means that borrowers would repay loans to IDB before repaying other obligations to other lenders such as commercial banks. In the ninth general capital increase, the Governing Council instructs the Bank to pursue two general objectives: to reduce poverty and inequality and to achieve sustainable growth. In addition to these objectives, two strategic objectives are in place: taking into account the specific needs of less developed and less developed countries and supporting development by the private sector. To achieve these objectives, the Governing Council approved the Institutional Strategy (EI) that would serve as the Bank`s “central strategic guidelines” to carry out its mission in the years to come. the development, financing and implementation of development plans and projects, including the review of priorities, and the development of loan proposals for specific national or regional development projects; and the bank and the country that is no longer a member may agree to the purchase of the share capital on the terms deemed appropriate in the circumstances, without taking into account the following provisions. This agreement may include, among other things, a final settlement of all of the country`s commitments to the Bank. Countries whose instruments of acceptance or ratification were tabled before the effective date of the agreement become members on that date.