Best Multilateral: Inter-American Development Bank
Nov 1, 2008
Forward Lateral
Long before it was making $6 billion available to boost regional liquidity, providing $400 million to the Panama Canal, or preparing $150 million to prop up Mexican RMBS, the IDB had gone from lender of last resort to innovator of first choice. The institution’s funding was as crucial to keeping tiny businesses afloat as it was to pushing through gigantic projects. The leadership, ingenuity and raw sums of money it put in outshine other multilaterals in a banner year for the sector.
The IDB’s long list for 2008 includes the region’s biggest infrastructure deals such as Peru LNG and Mexico’s Farac. Its lending is also notable for the diverse sectors it reached, such as Brazil’s CNAA ($269 million for ethanol plants) Peru’s BBVA Continental ($60 million capitalization) Gerdau ($50m for acquisitions) and Costa Rica’s ICE ($390m for expansion).
“We still see deals going forward,” says Hans Schulz, the IDB’s head of structured and corporate financing, pointing to a...
Already have an account?
Subscribe
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Subscribe
Free trial
Take a free two-week trial now for the latest news, data and market analysis.
Free Trial