The Inter-American Development Bank is looking to more than double its annual funding to the private sector in Latin America and the Caribbean through 2015.
The regional lender’s private sector financing is expected to exceed $3 billion per year by 2015 from $1.4 billion last year. The move will help to fulfill mandates relating to the bank’s capital increase of $70 billion agreed in 2010.
Under the mandates, the bank will increase its financing without sovereign guarantees and raise lending to private sector projects that promote greater social inclusion, poverty reduction, climate change adaptation and competitiveness through infrastructure development.
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