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Letter from the President

President of the IDB, Mauricio Claver-Carone

Pursuant to the provisions of the agreement establishing the Inter-American Investment Corporation, whose brand is IDB Invest, I am pleased to present the Annual Report for the year 2020, along with the financial statements for the years ended December 31, 2020 and 2019.

This report provides the corporate and operational results of 2020, containing a summary of IDB Invest’s main achievements and key milestones for 2020, a year marked by the devastation caused by the COVID-19 pandemic.

Latin America and the Caribbean have been disproportionately ravaged by COVID-19. Experts predict the pandemic could set the region back 10 years economically and socially. A strong, speedy and more inclusive recovery will require a revitalized private sector, with businesses capable of bouncing back into production, creating jobs and generating new opportunities through innovation and a vision to build back better. Under its expanded mandate, IDB Invest is uniquely equipped to assist LAC businesses in meeting this critical challenge.

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Letter from the CEO

CEO of IDB INVEST, James Scriven

During 2020 Latin America and the Caribbean were at the epicenter of the global crisis caused by the COVID-19 pandemic. Adding to a devastating toll of lives and livelihoods lost, no other region in the world suffered a sharper drop in its GDP, a setback that risks wiping out the social and economic gains LAC had made over the previous 10 years.

As a development institution, the IDB Group must help its borrowing member countries avoid another lost decade. At a time when governments are battling the pandemic and operating with fiscal constraints, the private sector will have to play a leading role in driving the recovery. The challenge ahead is formidable, but IDB Invest is ready to do its part in working with LAC companies to build back better and deliver outstanding economic, social and environmental results.

This report lays out how IDB Invest responded to this unprecedented emergency and how it plans to work going ahead. Last year’s results should give member countries every confidence that the institution they renovated and strengthened five years ago to boost development through the private sector is meeting their expectations.

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Stories Healthcare
Stories Climate change
Stories Manufacturing
Stories Microfinance
Stories Supply chains
Stories Innovation
Stories Small countries

A stitch in time

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Notwithstanding the slowdown...

IDB Invest succeeded in booking US$1.4 billion in commitments for projects involving financial institutions and specialized investment funds. Some of the highlights of 2020 were:

The right partner

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Getting ready for a brighter future

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The pharmacy on your phone

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