IDB Eyes Boosting Support for Latin America, Caribbean Private Sector

    The Inter-American Development Bank is planning to increase its financial aid to the private sector in Latin America and the Caribbean over the coming years, according to IDB President Luis Alberto Moreno.

    The plan is part of IDB’s broader efforts to boost its support for projects with a significant positive impact on the region’s development.

    IDB governors will discuss the plan as part of talks on how to implement the bank’s capital increase, which was approved in 2010, during the bank’s annual meeting in Canada, Moreno said. IDB will also host seminars to examine the various development challenges and investment opportunities in Latin America and the Caribbean, he added.

    The IDB annual meeting kicked off March 14 and will conclude March 28.

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.