11/21/2023 0 Comments Inter american financeInformation on joint projects and core funding provided to the IDB Group by Canada can be found by doing a search by implementing partner in the advanced filters of the Project Browser. Canada sits on the Donors Committee, which is IDB Lab's governing body made up of all 40 members. Canada is its eighth largest member behind Japan, the United States, Spain, Korea, China, Chile and Peru, with a voting share of almost three percent. The Minister of International Development serves as Canada's Governor to the IDB and IDB Invest. ![]() Representation at the Board of Executive Directors is on a rotating-basis. Canada is part of a constituency with France, Switzerland, Denmark, Sweden, Norway and Finland. With a voting share of almost three percent, Canada is the sixth largest non-borrowing member, and the thirteenth largest shareholder, out of a total of 47 members. Canada holds a permanent seat on the 14‑member Board of Executive Directors and has its own constituency.Ĭanada became a member of IDB Invest in 2014, when it was created. With a voting share of four percent, Canada is the third largest non-borrowing member, after the United States and Japan, and the sixth largest shareholder overall out of a total of 48 members. Canada and the Inter-American Development Bank GroupĬanada has been an active member of the IDB since 1972. As part of its efforts, it prioritizes gender equality, social inclusion and diversity productivity and innovation regional economic integration, climate change and environmental sustainability and institutional capacity and the rule of law. The Group seeks to achieve these objectives by addressing the needs of less developed and smaller countries in the region and fostering development through the private sector. The overarching objectives of the IDB Group are to reduce poverty and inequality and to promote sustainable economic growth in the region. A total of 26 member countries from the Latin America and Caribbean region are engaged in all three entities. The IDB consists of 48 member states, compared to 47 for IDB Invest and 40 for IDB Lab. The IDB, which provides support to the public sector, is part of the IDB Group, which also includes IDB Invest, responsible for private sector operations, and IDB Lab, a trust fund that serves as the Group's innovation laboratory. Canada and the Inter-American Development BankĬanada and the Inter-American Development Bank The Inter-American Development Bank GroupĬreated in 1959, the Inter-American Development Bank (IDB) is the oldest regional development bank and the largest source of multilateral development financing for Latin America and the Caribbean.
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