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Overview of the Inter-American Development Bank (IDB Group)
PSLO Energy Mission7 November 2013
John FerriterOffice of External Relations
The IDB Group – A Partner for Latin America and the Caribbean
Governments, large companies
Small and Medium-Sized Enterprises
Micro and small enterprises/private sector development
Inter-American Development Bank
Inter-American Investment Corporation
Multilateral Investment Fund
48 Member Countries
Brazil
United States
Canada
Mexico
United Kingdom
Spain
France
Norway
Sweden
Finland
Italy
Germany
Switzerland
Japan
VenezuelaGuyana
SurinameColumbia
Ecuador
Peru
Bolivia
Chile
Argentina
Paraguay
Uruguay
Haiti
DominicanRepublic
Jamaica
PanamaCostaRica
NicaraguaEl Salvador
HondurasBelize
Guatemala
Portugal
Austria
Denmark
Belgium
Netherlands
Israel
Croatia
South Korea
Slovenia
Barbados
Bahamas
Trinidad and Tobago
•26 Borrowers•22 Non-Borrowers
China
Voting Power | Capital Subscription
50.02%
30%
11%
4%
5%
Latin America & the Caribbean
United States
Europe & Israel
Canada
Japan, China & Rep. of Korea
Sources of Funds
• AAA rating; current OC rate 1.14% (lending spread over LIBOR 0.84%, Q4 2013)
• Ordinary capital: paid-in (2.4% of total) and callable subscriptions. Loans in dollars on market-based terms, 15-25 years; Local Currency Facility.
• Fund for Special Operations (FSO): Concessional terms (interest rates 1-2%, up to 40 years)
• Funds in Administration (42, incl. SWF, JSF, CTF)• Bonds, repayments, cofinancing
Secretary
External Relations
Strategic Planning & Development Effectiveness
Outreach and Partnerships
Auditor General
VP CountriesVP Sectors & Knowledge
VP Private Sector & Non-Sovereign Guaranteed
Operations
VP Finance & Administration
Southern Cone
Central America, Mexico, Panama &
Dominican Rep.
Andean Region
Caribbean
Country Offices
Infrastructure & Environment
Research & Chief Economist
Social Sectors Integration & Trade
Institutional Capacity &
Finance
Knowledge & Learning
Structured & Corporate Finance
IIC
MIF
Opportunities for the Majority
Finance
Human Resources
Information Technology
Budget & Admin. Services
Legal
PRESIDENTLuis Alberto Moreno
EXECUTIVE VPJulie T. Katzman
Haiti
BOARD OF EXECUTIVE DIRECTORS
Office of Evaluation and Oversight
Independent Consultation and Investigation Mechanism
Office of Institutional Integrity
Risk Management
BOARD OF GOVERNORS
Organization
Value Added
• Focus on Results: we have pioneered use of new methods (e.g., DEM) and indicators many others are adopting
• A strong commitment to small and vulnerable countries — $5.1 billion or 44% of lending in 2012
• Leading-edge safeguard policies
• Unique ways to reach and develop micro-, small and medium-size enterprises (Foromic, OMJ)
Instruments
• Financial Instruments: Loans, Grants, Guarantees, Investments, Technical Cooperation
• Knowledge Generation: Research and Data, Capacity Building, Advisory Services, Publications
• Project Preparation Facilities: Project Preparation and Execution Facility (PROPEF), Infrastructure Fund (InfraFund), Fund for lntegration Infrastructure (FIRII), Fund for Financing Disaster Prevention (FDP)
Public-Private Partnerships(Countries with best climate for PPP investments, from MIF/Economist Intelligence Unit Infrascope 2012 report, http://www5.iadb.org/mif/file.aspx?RESNUM=73753)
Priority Areas (IDB-9)
• Reducing Poverty and Inequality
(50% of portfolio by 2015) • Address Special Needs of the
Most Vulnerable Countries (35%)• Regional Integration (15%)• Focus on private sector
(up to 20% by 2012)• Climate Change, Renewable
Energy and Environmental Sustainability (25%)
13
IdentificationPreparation
Analysis Approval
Execution and Supervision
6 Months 4-8 Years
PROJECTPROFILE
PROCUREMENTPLANS
LOAN PROPOSALEA/EIA
ESMR
Programming
PROCUREMENT NOTICES
PMRs
PCR
Project Cycle (Sovereign-guaranteed loan operations)
Accountability
Instruments to enhance accountability, transparency and effectiveness
• Office of Evaluation and Oversight (OVE, 1999)• Office of Institutional Integrity (OII, 2004)• Development Effectiveness Overview (DEO, 2008)• Independent Consultation and Investigation
Mechanism (MICI, 2010)• Access to Information Policy (2010)
Key Numbers
1961-2012 Loans and guarantees: $220 billion Total cost of projects : $460 billion
Technical assistance & grants: $5.3 billion
2012 Loans, guarantees & GRF: $11.4 billion (122 projects)Non sovereign guaranteed: $1.5 billion (45 projects)Grants: $280 millionDisbursements: $7.4 billion
2013 Projected loan and guarantee approvals: $10+ billion.
Loan Approvals 2003 – 2012 (US$ billion)
0
2
4
6
8
10
12
14
16
18
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Loan Approvals by Sector, 2012(US$ billion)
Yearly and Cumulative Loan Approvals by Country (US$ billion)
General Capital Increase (IDB-9)
Ordinary Capital
$70 billion with an annual lending capacity of $10-12 billion – 2.4% paid-in – cumulative capital totals $171 billion
Haiti Debt relief of $479 million with FSO capital replenishment
$200 million/yr. in grants (2011-2020)
Bank reform agenda
•Guarantee development impact
•Use of the highest transparency standards
•Social and environmental safeguards
•Financial and risk management
Thematic Platforms
• Sustainable Emerging Cities: Integration of environmental, quality-of-life, security and governance/fiscal programs. $50 million for Action Plans for 50 cities by 2015. Pilot studies completed for Mar de Plata (AR), Montevideo (UR), Barranquilla (CO) and Trujillo (PE) with 140 indicators.
• Citizen Security: Grant support to study risk factors leading to crime, support policy reform and cross-border collaboration. $500 million to support Central America Security Strategy.
• Connect Americas: on-line platform sponsored by the IDB to help SMEs establish business links with clients, suppliers and investors from the rest of the region and around the world.
MapAmericas (www.iadb.org/en/MapAmericas)
Stories of Change (including Nuestra Gente,http://www.iadb.org/en/videos/watch,2173.html)
ContactsOffice of the Executive Director for ….Dir. ….Tel. 1 (202) 623-….Email: exd/[email protected]
Public Information Center1300 New York Avenue, N.W.Washington, D.C. 20577 USATel: 1 (202) 623-2096 Email: [email protected]
On-line Information Request form: http://www5.iadb.org/pic/informationrequest.aspx
@the_IDB
https://www.facebook.com/IADB.org