IDB-IIC Busan - A Quick Recap

The Inter-American Development Bank and Inter-American Investment Corporation concluded the 56th Annual Meeting of the Board of Governors last weekend in Busan, Korea. This marked just the second time the meetings had been held in Asia.

Continuing the trend set in recent years, the meetings saw several large pledges of funding from the bank’s Asian members. These included:

Undoubtedly the most significant development to come out of this year’s meetings was the announcement that the IDB and IIC would merge their private sector operations. The merger will bring the IIC together with the three IDB departments that current fall under the Vice Presidency for Private Sector and Non-Sovereign Guaranteed Operations: The Department of Structured and Corporate Finance, the Multilateral Investment Fund (MIF), and the Opportunities for the Majority.