Inter-American Development Bank
Bill & Melinda Gates Foundation
The Inter-American Development Bank (IDB) is the main source of multilateral financing and expertise for economic, social, and institutional development in Latin America and the Caribbean, with a mandate to achieve measurable results, increased integrity, transparency, and accountability.
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty.
The IDB partners with countries to combat poverty and promote social equity through programs tailored to local conditions. Working with governments as well as with the private sector, the Bank seeks to achieve sustainable economic growth, increase competitiveness, modernize public institutions, and foster free trade and regional integration.
In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.
Established in 1959, the IDB has fifty years of experience in the region. Since then, the Bank consolidated as a group creating the Inter-American Investment Corporation (IIC) and the Multilateral Investment Fund (MIF).