WASHINGTON - IDB Invest has joined the GSMA Handset Affordability Coalition, a global initiative designed to accelerate access to smartphones for low-income populations in emerging markets. 

Led by Global System for Mobile Communications Association (GSMA), the coalition brings together key stakeholders across the digital ecosystem, including development finance institutions (DFIs), mobile operators, and handset manufacturers, to address barriers to smartphone access and affordability. By joining the coalition, IDB Invest aims to expand financing solutions that make devices more accessible and affordable across the region.  

“Bridging the digital divide is essential for broad-based and sustainable growth” said IDB Invest Director of Digital Economy Guillermo Mulville. “Through this coalition, we are strengthening our partnerships with global and regional actors to connect more people, particularly those in vulnerable communities.”  

To date, IDB Invest has provided over $ 2.4 billion in short- and medium-term handset financing. As part of this strategic agenda, IDB Invest is currently evaluating new operations across the region, particularly as they relate to increasing affordability and adoption across underserved communities. This initiative complements other joint efforts with GSMA, including digital inclusion and disaster risk management programs and aligns with the strategic priorities of the IDB Group. 

Through this partnership, IDB Invest reaffirms its role as a strategic ally in expanding access to digital solutions and strengthening economic and social resilience in the region. 

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.