The private-sector wing of Latin America’s premier development bank will seek a capital increase from shareholders of $3 billion to $4.5 billion, its chief told Devex.
This will allow IDB Invest to lend more, take on more risk, and design projects to combat climate change, according to the lender’s CEO James Scriven.
“If I really want to have an impact on the region this is what I need,” Scriven said. It’s an “ambitious” model the bank has dubbed IDB Invest 2.0.