Inter-American Development Bank

At the First Pan-American Conference in 1890, the idea of a development institution for Latin America was first suggested during the earliest efforts to create an inter-American system.

Mauricio Claver-Carone was removed by the governors of IDB after an ethics investigation found that he had an affair with a subordinate and gave her a pay raise.

The callable capital pledged by the 22 non-borrowing members, which include the world's wealthiest developed countries, therefore functions as a guarantee for the bonds that the IDB sells.

At the same time, the 22 non-borrowing countries are only putting up guarantees – not actual funds – so their support of the IDB's lending operations has a minimal impact on their national budgets.

[9] The document says that to ultimately transform Latin American and the Caribbean 'into a more inclusive and prosperous society, three main development challenges must be addressed: social exclusion and inequality, low productivity and innovation, and limited economic integration."

Moreover, the document also says that "these three challenges are inter-related and certain overarching issues cut across them that public policies need to address: gender equality and diversity; climate change and environmental sustainability; and institutions and the rule of law."

These data will allow countries to benchmark progress on childhood development both within their borders and in the region, thus facilitating policy dialogue between governments on how to best address the needs of young children and their families.

[10] The IDB also participates in the Support for a Seamless Education System Program in Trinidad and Tobago, which aims to improve the quality of early childhood care and primary education,[11] and the Alliance for Children Initiative (Alianza por la Iniciativa Infantil), an initiative that seeks to foster collaboration between governments, families, civil society and the private sector to support innovative interventions in the field.

[13] Brazil also supports the tutoring program, Multiplying Knowledge, where academically successful students help children in the last years of primary school with mathematics.

[16] The IDB supports the development of knowledge, interventions, programs, and policies to improve the competencies and skills acquired by adolescents in the education system so they will contribute to a student's successful transition between school and work.

Climate change threatens both to undermine the long-term efforts of the region to achieve sustainable development and to affect the most vulnerable members of society disproportionately.

GCI-9 sets a target of 25 percent of total lending going to a growing portfolio on climate change, environmental sustainability, and renewable energy.

According to the Bank Information Center (BIC), "civil society groups have long been concerned about the negative impacts the IDB's operations have on the environment and on indigenous and traditional peoples, as well as on the prospects for genuine economic and democratic reform in the region".

[3] Governments of developing countries are not equipped to reduce poverty due to heavy responsibility to build and maintain infrastructure, as well as meet payroll and debt obligations.

Poverty reduction depends largely on business investment in global markets to create sustainable jobs for economic empowerment of individuals.

[citation needed] Small business entities are largely responsible for improving lives, as they play an inherent role in raising the socio-economic status of families, making it possible to combat poverty in the long range, as employed heads of household are in better positions to finance the education of children for a better future.

[citation needed] The following table are amounts for 20 largest countries by subscribed capital stock, voting power, and FSO contribution quotas at the Inter-American Development Bank as of December 2020.

IDB flag.
Main building of the Inter-American Development Bank headquarters at Washington, D.C.
Inter-American Development Bank headquarters at Washington, D.C., left, the 1300 New York Ave NW building and right, the 1350 New York Ave. NW, Washington D.C. The Enrique V. Iglesias Auditorium is in the middle.
Borrowing members in green, non-borrowing members in red