WASHINGTON - IDB Invest signed three Memorandum of Understanding (MOUs) with Germany’s development finance institution DEG - Deutsche Investitions- und Entwicklungsgesellschaft, the Dutch Entrepreneurial Development Bank (FMO), and Société de Promotion et de Participation pour la Coopération Économique S.A. (Proparco)  to strengthen cooperation and promote co-investment opportunities across Latin America and the Caribbean. 

The agreements establish a framework to enhance coordination among the institutions, improving the efficiency and effectiveness of joint transactions. The partners will work to streamline processes, accelerate delivery, and reduce administrative burdens for clients. 

Under the MOUs, a framework of mutual trust will be established designed to enhance coordination between partners, and to improve the efficiency and effectiveness of their transactions. The organizations seek to streamline processes, accelerate delivery, and lessen the administrative burden on clients. 

Through greater collaboration and knowledge sharing, IDB Invest, DEG, FMO, and Proparco will leverage their combined expertise and resources to finance projects that generate positive social, environmental, and economic impact—particularly in markets where access to commercial financing remains limited. 

These partnerships reaffirm the institutions’ shared commitment to advancing sustainable private sector growth and economic resilience throughout Latin America and the Caribbean. 

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 $16.3 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 DEG

For more than 60 years, DEG has been financing and advising private enterprises operating in developing and emerging-market countries. With a portfolio of around EUR 11.6 billion we’re one of the largest private-sector development financers. As an impact and climate investor we accompany companies that are addressing transformation and aiming to seize their opportunities. Our customers not only receive financing and advisory solutions tailored to their needs: they can build on our market knowledge, our impact and climate expertise and our international network. In this way, DEG, a subsidiary of KfW, contributes to creating more skilled jobs and local income and to improving value creation on the ground in line with the SDGs. 

About FMO

FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track-record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13.5 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit www.fmo.nl 

About Proparco  

Proparco, the French Development Finance Institution, has been partnering with businesses for 50 years to help build a more just and sustainable world. With an international network of 25 local offices, Proparco works closely with its partners to design financial solutions that address environmental and social challenges across Africa, Eurasia, the Middle East, Asia and Latin America. Leveraging strong sector expertise, Proparco offers a comprehensive range of financial instruments tailored to every stage of business growth. Proparco is part of the Agence française de développement (AFD) Group. Learn more about Proparco: www.proparco.fr — and follow us on LinkedIn.