Inter-American Development Bank

About The Fund

The Inter-American Development Bank (IDB) is a long-standing institution focused on enhancing the quality of life in Latin America and the Caribbean. Founded in 1959 and headquartered in Washington, D.C., the IDB is committed to promoting social, economic, and institutional development in the region. The organization specializes in several areas including advancing education, public health, and infrastructure projects. With a comprehensive approach, the IDB strategically invests in various sectors, such as software and web-based services, information technology and telecommunications, financial technology, real estate and construction, and mobile. Their investments aim to drive sustainable growth, with an emphasis on fostering innovation and entrepreneurial technology as well as addressing challenges from the aging population. Investment in these sectors includes a minimum and maximum amount of $5,000,000. As a partner for long-term financing and knowledge, the IDB positions itself not just as a financier, but also as a bridge connecting the region to the world. To amplify its impact on development, the IDB prioritizes three core objectives: reducing poverty and inequality, addressing climate change, and bolstering sustainable growth across its member countries. The Bank includes divisions such as IDB Invest for private sector operations and IDB Lab for innovation and technological advancement. These divisions work collaboratively towards eradicating extreme poverty, investing in human capital, ensuring food security and health, promoting gender equality, combatting climate change, preserving the Amazon and biodiversity, and promoting sustainable infrastructure and digital integration. By leveraging its comprehensive AI framework, the IDB also supports projects that use AI to address social challenges such as crime, aiming for sustainable development throughout Latin America and the Caribbean.