The
#IDBAnnualMeeting
has concluded with our Boards’ approval of a roadmap for historic Bank reforms and an
@BIDInvest
recapitalization proposal, which will allow us to better enable
#LATAM
& the
#Caribbean
to address development challenges and realize opportunities. Read more:
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Our 21st-century business model will empower the IDB,
@BIDInvest
&
@IDB_Lab
to boost ambition & results for inclusive & sustainable growth in
#LATAM
&
#Caribbean
by strengthening public-private synergies, ensuring equal opportunities for women & better enabling
#ClimateAction
.
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“Today is the start of the IDB’s new value proposition.” Watch the full recording of the
#IDBAnnualMeeting
closing session, featuring remarks by President Claver-Carone:
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The IDB’s new business model will also help us promote reforms to improve social protection and health, inclusion, labor markets, institutions, the rule of law, and business climates, on the strength of more sophisticated collaboration between the IDB and
@BIDInvest
.
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An “IDB Invest 2.0” business model, coupled with a proposed capital increase, would allow our private-sector arm to scale up work with investors and companies throughout
#LatinAmerica
& the
#Caribbean
and pursue a more innovative and ambitious approach to mobilizing investments.
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The new approach also envisions transitioning
@IDB_Lab
from an innovation lab to an innovation hub, allowing it to do more to scale up the impact of private-sector projects and take on risk to do experimental work in frontier sectors and invest in early-stage projects.
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We are on our way to realizing the full potential of a modern, empowered IDB – and we will stop at nothing less!
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