The Inter-American Development Bank is in the process of forming a new four-year strategy to adjust to new dynamics in Latin America and the Caribbean as it rises to a middle-income region.
Officials within IDB are quick to clarify that it is a bank, not a donor, departing from providing basic aid toward more technologically advanced, targeted and complex projects based on changing priorities of clients.
And the bank’s head strategist said the new strategy — to be approved at the annual board meeting on March 26 in Busan before it rolls out in January 2016 — aims to reflect these new top priorities.