• The agreement was announced during the recent UN Conference of the Parties on Climate Change (COP29).
•  IDB Invest aims to strengthen its ability to monitor and measure the impact of its projects, particularly in assessing social and climate risks. 

IDB Invest has signed its first data-sharing agreement with LinkedIn, a leading professional online network, under the Development Data Partnership (DDP). This collaboration will grant IDB Invest access to LinkedIn’s data, enabling a deeper analysis of labor market trends related to green jobs, gender equality, and the energy transition across Latin America and the Caribbean. The agreement was announced during the recent UN Conference of the Parties on Climate Change (COP29). 

By accessing this private-sector data through the Development Data Partnership (DDP) platform, IDB Invest aims to strengthen its ability to monitor and measure the impact of its projects, particularly in assessing social and climate risks. This strategic use of big data will also support informed decision-making to enhance the social and environmental outcomes of its operations. 

The Development Data Partnership (DDP) platform is a collaboration between international organizations and tech companies that promotes the efficient and responsible use of third-party data in research and international development. The partnership does so by bringing together Data Partners and Development Partners, and adopting standardized legal, IT, and governance procedures to facilitate the exchange of information. 

This agreement aligns with IDB Invest’s new business model, Originate- to- Share, which focuses on achieving greater impact and scale across the region. Access to big data will help generate and share knowledge from its operational work and inform decision-making.  

About IDB Invest 

IDB Invest 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 $21 billion in assets under management and over 394 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 idbinvest.org. 

About LinkedIn 

LinkedIn is the world's largest professional network with more than 1 billion members in more than 200 countries and territories worldwide. It aims to generate economic opportunity for every member of the global workforce by connecting the world’s professionals to make them more productive and successful. As a founding member of the Development Data Partnership, LinkedIn is proud to collaborate with public partners like IDB Invest to realize this vision.