LatinFinance, the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean, named IDB Invest as the leading multilateral development institution for 2019 for its excellence in investment services in the region.
“Winning the award two years in a row shows that our business model works. We are delivering on portfolio diversification, financial product and service offering, and sustainable development, especially in our smaller economies where we can have the most impact,” said James P. Scriven, IDB Invest’s CEO. “We are honored that the market is recognizing IDB Invest’s ability to perform once again. We thank our clients, partners, and employees for their commitment to our development mission.”
IDB Invest is on track to close the year with $4.8 billion in approved projects with an emphasis on sectors such as energy, transport, health, education, agribusiness, tourism, technology, and manufacturing. Since 2016, IDB Invest has focused on client-service and increased its presence in country offices in the region by 92 percent. Additionally, 100 percent of all IDB Invest projects contribute to one of the 17 United Nations Sustainable Development Goals, 19 percent of which contribute directly to promoting gender equality and 30 percent to climate change mitigation and adaptation.
About IDB Invest
IDB Invest, a member of the Inter-American Development Bank (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 enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a portfolio of assets of $12.3 billion under management and 336 clients in 24 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the needs of its clients
About LatinFinance Awards
LatinFinance's Banks of the Year Awards celebrate the financial institutions in Latin America and the Caribbean that best demonstrated excellence in retail, commercial and investment services in the last year. The 2019 awards evaluate banks on their efforts between July 1, 2018, and June 30, 2019.