IDB Invest and the U.S. International Development Finance Corporation (DFC) today launched a new co-financing framework that furthers their collaboration to support high-impact development projects in Latin America and the Caribbean. IDB Invest CEO James Scriven and DFC CEO Scott Nathan signed the framework to finance projects in key sectors such as renewable energy, transportation, infrastructure, the digital economy, and financial inclusion. This new framework is an extension of the Americas Partnership Platform, which U.S. President Joe Biden announced at the inaugural Americas Partnership for Economic Prosperity Leaders’ Summit.

The framework creates a streamlined process where IDB Invest and DFC can provide up to $50 million each to meet the financing needs of strategic deals in Latin America and the Caribbean. The streamlined procedures aim to simplify the due diligence process between the two institutions, providing greater opportunities for IDB Invest and DFC to co-finance deals in countries where financing may be limited. The program is available for transactions in all sectors and countries in which DFC and IDB Invest jointly operate.

“By partnering with DFC, we are not only driving financing; we are creating impact,” said James Scriven, CEO of IDB Invest. “To make a real dent in the UN Sustainable Development Goals, we need to scale our impact to support our member countries in Latin America and the Caribbean, especially those that need it the most.”

“IDB Invest is a valued partner in promoting economic development,” said DFC CEO Scott Nathan. “This new co-financing framework will help both of our organizations more effectively drive investment dollars to high-impact projects across the Americas.” 

The new framework expands the ways in which IDB Invest and DFC can partner to support economic development in the region under the Americas Partnership Platform. Further information can be found on the Americas Partnership Platform website.

IDB Invest and DFC are committed to finding new ways of working together to harness private sector resources that promote high-quality investments in Latin America and the Caribbean. This includes joint travel, beginning with a trip to Colombia later this year.

About IDB Invest

IDB Invest, a member of the Inter-American Development Bank 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 $21 billion in assets under management and 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.                                                 

About DFC

The U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.