July 15, 2022 |
IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), could "eventually double the level of annual financing" after a proposed capital increase, IDB President Mauricio Claver-Carone told LatinFinance on Thursday.
"What I would like is to double annual financing to $12 billion or $13 billion," Claver-Carone said.
IDB Invest grants between $6 billion and $7 billion in financing per year and has a portfolio worth around $13 billion, according to Claver-Carone.
IDB's private sector affiliate could use a proposed capital increase to increase financing to $12 bln to $13 bln per year, Claver-Carone says