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IDB Seeks IFC-Style Private Sector Arm: Moreno

Aug 13, 2013

The Inter-American Development Bank (IDB) is looking to set up a private sector arm that would mirror the World Bank’s International Finance Corporation (IFC) in structure and function, IDB president Luis Alberto Moreno tells LatinFinance. The focus of the new entity would include mobilizing private capital for public private partnerships, taking equity stakes in companies and projects and facilitating investment in the region by sovereign wealth funds. Moreno...

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