Best Multilateral: Inter-American Development Bank
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 IDBs long list for 2008 includes the regions biggest infrastructure deals such as Peru LNG and Mexicos Farac. Its lending is also notable for the diverse sectors it reached, such as Brazils CNAA ($269 million for ethanol plants) Perus BBVA Continental ($60 million capitalization) Gerdau ($50m for acquisitions) and Costa Ricas ICE ($390m for expansion).
We still see deals going forward, says Hans Schulz, the IDBs head of structured and corporate financing, pointing to a...
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