IDB Invest

the Inter-American Investment Corporation (IIC) is the private sector arm of the Inter-American Development Bank (IDB). It is a multilateral organization that promotes the economic development of its Latin American and Caribbean member countries by financing private enterprises. To fulfill its mission, IIC provides project financing in the form of direct loans and equity investments, lines of credit to local financial intermediaries, and investments in local and regional investment funds. It particularly targets small and medium-sized companies. To obtain IIC financing, projects must offer profitable investment opportunities. They must create further economic development in some way by creating jobs, broadening capital ownership, generating net foreign currency income, facilitating the transfer of resources and technology, utilizing local resources, promoting local savings, or promoting the economic integration of Latin America and the Caribbean. IIC is legally autonomous, and its resources and management are separate from those of the Inter-American Development Bank and as of 2007, it has 43 member countries. In 2017, ICC rebranded as IDB Invest, as the organization looked to further its expansion in private markets.Read more ⏷