IDB Gives Go-Ahead to Temporary Boost in Canada's Callable Capital

    The

    's board of governors subscribed to Canada's decision to increase its callable capital at the bank by $4 billion over a period of five to eight years. The action will enable IDB to boost its short-term financial assistance for social and development programs in Latin America and the Caribbean. "The IDB and its member countries are extremely thankful to Canada for its support," said IDB President Luis Alberto Moreno.

    About the author

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      Eliza Villarino

      Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.