The Inter-American Development Bank (IDB) is a cooperative development bank founded in 1959 to accelerate economic and social development of its Latin American and Caribbean member countries. Owned by 48 member countries, including the U.S., it has assets equal to more than $35 billion, making it one of the largest financial institutions in the world. IDB's broad portfolio includes public sector loans and guarantees, corporate bonds and other securities, as well as grants for health care, education, infrastructure projects, etc.By lending to governments and businesses alike, IDB aims to give everyone a chance at success through its innovative approach that focuses on results over politics. It understands that by investing in people we can build nations that are prosperous and stable for generations to come.The IDB provides loans, loan guarantees, and other financial services to its member countries so they can develop their economies and improve people's lives in the areas of trade, transportation, housing, fisheries modernization, energy generation and conservation. The IDB works closely with the United Nations to provide technical assistance in areas such as HIV/AIDS prevention and treatment programs that make a real difference in people's lives every day.Supporting development requires an investment of time and resources from everyone who cares about improving our world for future generations.The IDB works with local governments and businesses to help them create jobs, improve literacy rates, expand access to healthcare, and increase infrastructure development. And through loans and grants, it aims to give those in need the chance for a better future.In short, the Inter-American Development Bank does great work that impacts people's lives all across the region just as much as it does here at home.
