The Inter-American Development Bank (IDB) and its private sector arm, IDB Invest, raised a record nearly $23,400 millions in new financing approvals, commitments and mobilization of the private sector.
Exceeding previously reported initial estimates for financial assistance to Latin America and the Caribbean in 2021.
The figure reflects additional and updated numbers, including pledges and mobilizations, partnerships, and donations to Haiti.
The new record includes the mobilization of IDB Invest of more private funds in 2021 almost US$3,000 million than in any other year in its history.
The total also includes record or near-record levels of IDB financing approvals in priority areas for the region’s sustainable and inclusive recovery and growth.
This includes health and the response to COVID-19, the climate change, supply chains and digitization.
The following graph puts the 2021 figures in context:
The IDB and IDB Invest reported in December that they expected combined approvals and commitments for 2021 to total nearly $20 billion, and $22.3 billion if IDB Invest mobilization figures were included.
The updated figure of $3 billion of IDB Invest mobilization replaces the previous estimate of $2.8 billion.
Together with revised figures for IDB Invest commitments and new financing included by the IDB and IDB Lab, the 2021 total amounts to the largest sum of financing accounted for by the institutions in a calendar year.
Details
IDB financing highlights include a record amount of financing for climate change-related projects ($4.5 billion) and a record level of financing to strengthen regional supply chains ($2.3 billion).
For more information, click here to view an updated version of the December 2021 press release.
About the IDB
The Inter-American Development Bank’s mission is to improve lives. Founded in 1959, the IDB is one of the main sources of long-term financing for the economic, social and institutional development of Latin America and the Caribbean.
The IDB also conducts cutting-edge research projects and provides policy advice, technical assistance, and training to public and private clients throughout the region. Access our virtual tour.
About IDB Invest
IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector.
IDB Invest finances sustainable companies and projects so that they achieve financial results and maximize economic, social, and environmental development in the region.
With a portfolio of US$13.1 billion in assets under management and 385 clients in 25 countries, the institution provides innovative financial solutions and advisory services that respond to the needs of its clients in a variety of sectors. https://idbinvest.org/en
About IDB Lab
IDB Lab is the IDB’s innovation laboratory that promotes development through the private sector by identifying, supporting, evaluating, and piloting new solutions to challenges and seeking to create opportunities for poor and vulnerable populations. in the Latin American and Caribbean region. https://bidlab.org/en
