Canada and the Inter-American Development Bank
Created in 1959, the Inter-American Development Bank (IDB) is the main source of multilateral funding for economic, social and institutional development in Latin America and the Caribbean. It works with partners to reduce poverty and inequality and to achieve sustainable economic growth.
Canada has been a member of the IDB since 1972 and it holds a seat on the 14-member Board of Executive Directors. The IDB has 48 country members (26 borrowing; 22 non-borrowing).
Canada's support for the Inter-American Development Bank
In 2013, Canada and the IDB established the Canadian Fund for Civil Registration. This $20 million project aims to support the birth registration of two million children under the age of five, facilitating their access to a legal identity. This will allow children of Latin America and the Caribbean to benefit from access to health services and education, offering them the opportunity to reach their full potential as active and productive citizens.
In 2014, Canada committed $10 million in support of the Transparency Trust Fund, a multi-donor fund with Norway, hosted by the IDB. The Fund provides technical assistance to help improve accountability and transparency of institutions in the region by supporting policies and practices that promote access to information and transparency, including in the extractives sector.
The IDB is a key partner for Canada in pursuing joint solutions to challenges in the Americas, particularly in rebuilding Haiti. Canada continues to support the IDB's efforts to promote sustainable economic growth, private sector development, and enhanced trade regulations.
Between 2012 and 2013, with the support of Canada and other donors, the IDB helped:
- Train 186,971 teachers
- Increase the skills of 548,751 men, women, and youth for employment
- Build, maintain, or upgrade 15,194 kilometers of roads
- Install or upgrade 10,056 kilometers of electricity transmission and distribution lines
- Train 39,605 public trade officials and private entrepreneurs in trade and investment
- Provide 2,638,917 people with access to improved low-carbon public transportation systems
- Provide 3,467,791 farmers with improved access to agricultural services and investments
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