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IADB posts record year
06 January 2010
Inter-American Development Bank posts record year thanks to response to Latin American and Caribbean demand for financing in wake of global crisis.
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[IADB 2009]
[IADB disbursements]
[IADB crisis response]
[Luis Alberto Moreno]
The Inter-American Development Bank (IADB) set record levels of loan approvals and disbursements in 2009, playing a counter-cyclical role by providing financing to Latin American and Caribbean countries in the face of the global economic crisis.
Celebrating the 50th anniversary of its establishment, the IADB approved 165 new operations totalling $15.9 billion this year, up from $11.2 billion in 2008. Disbursements rose to nearly $12 billion from $7.6 billion...
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