The Inter-American Development Bank is in the middle of a restructuring process that aims to help the Washington, D.C.-based institution better integrate and manage its private sector lending arm.
While views differ on what that restructuring will look like, the bank’s management and shareholders are eager to make significant changes to how the bank operates.
During a panel discussion at the Center for Strategic and International Studies on Monday, several current members of the IDB’s board of directors said the reforms are essential to the bank’s relevance in the region.
“We’re asking ourselves, what’s the best way of maximizing development impact?” said Gustavo Arnavat, the outgoing U.S. executive director to the IDB. “All the shareholders recognize that we have to do a better job when it comes to how we deploy our capital in the private sector.”