IDB Invest is kicking off 2022 with a new strategy and a new model, with a focus on increasing mobilization of private sector capital. The plan is called “IDB Invest 2.0.”
The institution, which is the private sector arm of the Inter-American Development Bank, had a record year in 2021 in terms of its own investments and private sector mobilization, IDB Invest CEO James Scriven told Devex in an interview. But what mattered most, he said, was the increased mobilization.
IDB Invest mobilized — or spurred through its own investments — more than $3 billion from the private sector in 2021, despite foreign direct investment in the Latin American and Caribbean region dropping about 45%, according to Scriven. He said that surprised him.