what is the inter american development bank idb 
the inter american development bank idb is a cooperative development bank founded in 1959 to accelerate the economic and social development of its latin american and caribbean member countries it is owned by a total of 48 member countries including the u s and some european nations 1 the bank provides financing in the form of loans and grants 2understanding the inter american development bank idb the idb assists latin american and caribbean countries in formulating development policies and provides financing and technical assistance to achieve environmentally sustainable economic growth increase competitiveness enhance social equity fight poverty modernize the state and foster free trade and regional integration 3 the ibd supported 94 projects lending 13 6 billion in 2021 4the funds that the inter american development bank lends to its member countries are raised in the bond market the bonds are backed by the loans the idb makes which carry the guarantee of capital pledged by the bank s non borrowing members 5 the bonds are triple a rated and issued at market rates the triple a rating helps to keep borrowing costs for the member countries low 6 the u s is the idb s largest shareholder with a 30 01 stake brazil and argentina each own 11 35 mexico comes in third with a 7 3 stake and japan owns 5 7special considerationsas of october 2022 the inter american development bank has 601 projects financing 56 1 billion 8 past projects that have been completed in 2022 include projects to reform and modernize the state suriname guyana jamaica and barbados social investment ecuador energy mexico and the environment columbia barbados 9 the bank s current goals include focusing on social inclusion economic integration and innovation as well it s interested in climate change gender issues and diversity 3