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.