IDB approvals up +18% in 2008

By Richard High23 February 2009

The Inter-American Development Bank (IDB) increased its loan and credit guarantee approvals by +18% last year to US$ 11.2 billion. Disbursements reached US$ 7.6 billion, almost US$ 500 million more than in 2007.

The IDB supported infrastructure projects in 2008, including roads, sanitation projects, renewable energy and reform and modernization of the state.

About US$ 7.2 billion (64%) of the total approvals were for projects to "improve competitiveness and quality of life", including US$ 2.4 billion for transportation and communication projects and US$ 1.2 billion in loans for water and sanitation projects.

Another US$ 3.6 billion supported projects in energy, capital markets, tourism and agricultural infrastructure, such as irrigation systems.

Almost US$ 3.3 billion (30%) was earmarked for projects designed to reduce poverty, while US$ 707 million (6%) helped finance projects designed to reform and modernize governments in Latin America.

Latest News
LGMG restructures N.A. operations
LGMG to relocate N.A. headquarters, build $140 million manufacturing facility in Mexico for access equipment 
New Effer loader cranes
Three new Effer cranes broaden the heavy crane range and offer advantages for end users
New Ferrari loader cranes
F.lli Ferrari adds to hydraulic loader crane range with new 6000 series models