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Financial Institutions

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The financial systems in Latin America and the Caribbean (LAC) must strengthen their contribution to sustainable economic growth.

 

Accessing financial services in LAC is difficult, especially for women, rural populations, low-income groups, small businesses, and new industries.

 

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Challenges and Opportunities

Although capital markets are growing in Latin America and the Caribbean, they remain small and underdeveloped. Interest rates are high and financing is scarce.

This not only hinders economic growth, but it also has a negative impact on micro, small, and medium enterprises; trade; environmental initiatives; affordable housing; and services. All of these are key factors for the region's economic development.

The technological gap further prevents increased penetration of financial services. However, many financial institutions are adapting to new digital technologies. IDB Invest invests with them, helping them use technology to reduce costs, generate efficiencies, offer new services, and reach unattended segments.

Our Strategy

Reinforcing Financial Systems

 

IDB Invest helps expand access to financial services with a positive impact. We do this in partnership with banks, specialized financial institutions (for example, cooperatives and financial leasing and factoring companies), and microfinance institutions.

Our work with financial intermediaries helps them grow and develop new solutions, products, and services for the market's most unattended segments.

 

Green building

Our Commitment

We work with financial institutions that share our commitment to sustainable development and financial inclusion. We support the development of green portfolios, financing to Micro, Small and Medium Enterprises (MSME) portfolios (with special attention to those led by women), financial inclusion, social housing, investment in health and education infrastructure, and trade expansion.

We have a local presence and rely on more than 60 years' experience working in Latin America and the Caribbean. We offer a full range of financial products and advisory services designed to help solve our client's specific problems. In addition to contributing our own funds, we rely on the support of donors that help us increase investment in areas that we consider a priority.

We not only ensure the financial viability of each project but also the long-term social and economic impact. We consider environmental and social aspects, gender equality, climate change, and corporate governance.

Our Work

  • Boosts the loan portfolio to address the MSME and gender and diversity gap.
  • Finances the development or expansion of the green loan portfolio.
  • Supports the growth of new sectors or priority sectors with an impact on development.
  • Increases geographic coverage of underserved populations.
  • Invests in digital transformation and innovation to achieve greater operational efficiencies.

Latest projects

Partnership for Productive Development with Progre...
Servicios Financieros Progreso S.A. ("Progreso")
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Chile

Financing amount

$ 10,000,000

More Information
Banco de Bogotá – Subordinated Sustainable Bond
Banco de Bogotá S.A.
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Colombia

Financing amount

$ 80,000,000

More Information
Davivienda - Green Finance Partnership
Banco Davivienda (Costa Rica) S.A.
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Costa Rica

Financing amount

$ 30,000,000

More Information
SURA Corporate Private Debt Fund
SURA
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Colombia

Financing amount

$ 25,000,000

More Information
TTMF - Residential Warehousing Facility
Trinidad and Tobago Mortgage Finance Company Ltd. ("TTMF")
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Trinidad and Tobago

Financing amount

$ 44,380,700

More Information
Banco Continental Green Financing Partnership
Banco Continental S.A.E.C.A. (“Banco Continental”)
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Paraguay

Financing amount

$ 100,000,000

More Information
Banco Bolivariano Blue Bond
Banco Bolivariano C.A.
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Ecuador

Financing amount

$ 40,000,000

More Information
Fondo Esperanza Microfinance Partnership Alliance
Fondo Esperanza SpA
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Chile

Financing amount

$ 10,000,000

More Information
Social Bond of Diversity and Inclusion - Cooperati...
Cooperativa de Ahorro y Crédito Jardín Azuayo Ltda.
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Ecuador

Financing amount

$ 20,000,000

More Information
Finexpar MSMEs Financing Partnership
Financiera Finexpar SAECA
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Paraguay

Financing amount

$ 10,000,000

More Information
See more projects

Blogs and News

News

29 Mar 2023

IDB Invest, Locfund Next to Promote Financial Inclusion Through Microfinance Institutions

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Blog

04 Jan 2023

Using Digital Payments to Push Financial Inclusion

small business, financing, digital, e-commerce

News

27 Mar 2023

IDB Invest to Contribute to Climate Change Adaptation Fund

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Blog

20 Dec 2022

Boosting Financial Inclusion for the Most Vulnerable Through Social Bonds

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Read our blog

Publications

  • September 2022

    Reverse Factoring for MSMEs: A Financial Tool for Supply Chain Development?

    See more information
  • March 2021

    Digital readiness in financial cooperatives in Latin America & the Caribbean

    See more information
  • August 2020

    Retail Stores and Financial Inclusion: Quantifying the Benefits of Being a Non-bank Correspondent

    See more information
  • November 2019

    Report: Does Formal Credit Lead to More Financial Inclusion or Distress?

    See more information

Meet the Experts

  • Sandra

    Reyes

    About
  • Jan Petter

    Eskildsen

    About
  • Diego

    Flaiban

    About
  • Terence

    Gallagher

    About
  • Andrés

    Ackermann

    Head in the Financial Institutions Division
    • Twitter profile
      https://mobile.twitter.com/andresackermann
    About
  • Thomas

    Stephen

    About
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Sandra Reyes
Name
Sandra

Last name
Reyes

Biography

Sandra Reyes is the head in charge of promoting financings transactions for Financial Intermediaries in the Andean Region for BID Invest. Ms. Reyes is an expert in financial markets and has led operations in Latin America mobilizing more than US $ 1 billion in financing operations, capital markets and capital investments.

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Jan-Peter-Eskildsen.png
Name
Jan Petter

Last name
Eskildsen

Biography

Jan is head of Financial Intermediaries for Central America and Mexico at IDB Invest. Jan, a Panamanian national, has over 15 years of experience in the financial services industry.

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diego-flaiban.png
Name
Diego

Last name
Flaiban

Biography

An expert in financial markets and sustainable financing, Diego Flaiban is the Southern Cone Head for Financial Intermediaries at BID Invest. Mr.

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Image
Terence-Gallagher.png
Name
Terence

Last name
Gallagher

Biography

Terence Gallagher is a British national, based in Washington. He began his career as an investment banker at Citigroup, where he spent 9 years supporting emerging market governments and corporates access the international capital markets, working from London, New York and São Paulo.

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Andrés Ackerman
Name
Andrés

Last name
Ackermann

Job title
Head in the Financial Institutions Division
  • Twitter profile
    https://mobile.twitter.com/andresackermann
Biography

Andrés is Head in the Financial Institutions Division of IDB Invest. He has been with the IDB Group since 2009, focusing on financial markets and institutions in Latin America and the Caribbean. In his current role, he heads IDB' Invest fund investment activities covering private equity, mezzanine and credit funds. Mr.

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Thomas Stephen
Name
Thomas

Last name
Stephen

Biography

Stephen leads the Financial Institutions Team for the Caribbean region at IDB Invest, which he joined in 2019.

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