IDB Invest
- Score:
- 50.8
- Position:
- 4 / 22 (Non-sovereign)
Overview
IDB Invest manages the IDB Group’s private sector portfolio. IDB Invest provides a variety of loans, blended finance, guarantees, equity, and resource mobilisation to support the private sector, helping to achieve sustainable economic growth in countries in Latin America and the Caribbean. IDB Invest first published to the IATI Standard in November 2021.
Analysis
Overall, IDB Invest ranked 4th out of 22 non-sovereign institutions assessed, scoring 50.8 out of 100. In 2023, it came 5th and scored 41.8. IDB Invest gained format points throughout by publishing data in a bulk download format as well as to the IATI Standard.
IDB Invest performed very strongly in the Core Information component, ranking first among non-sovereign portfolios with a score of 16.25 out of 20, up from 6th in 2023. It scored some points for every indicator in this component. Key improvements since 2023 included more consistent disclosure of sub-national location, the addition of new fields to the bulk download including investment instrument, commitment, funding source, E&S category, and the new disclosure of client information and contact details to IATI. However, IDB Invest continued to fall short on domicile, sub-sector, total investment cost, and disbursement.
In the Impact Management component, IDB Invest scored of 11 out of 25. While it dropped one position in the rankings from 6th to joint 7th, IDB Invest’s performance stayed the same in this component between 2023 and 2025. It continued to score 100 per cent on all organisational-level indicators but did not score all the project-level indicators, including additionality statements, activity indicators/metrics and results.
IDB Invest came 4th in the ESG and Accountability to Communities component, scoring 17.25 out of 30. This marks an improvement from its position as 6th in 2023. At the organisational level, IDB Invest continued to achieve 100 per cent on all indicators except for the independent accountability mechanism (IAM) community disclosure policy. At the project level, it performed relatively well, scoring on all indicators except beneficial ownership. Notably, it was one of only four non-sovereign DFIs to score on assurance of community disclosure, and one of four to score on environmental and social (E&S) project plans and assessments.
For Financial Information, IDB Invest ranked 5th with a score of 5 out of 15, slipping slightly from 4th place in 2023. Despite dropping in the rankings, it saw improvements in disclosure across several indicators in this component between 2023 and 2025, including mobilisation and share of equity. Notably, IDB Invest was the only DFI assessed that passed the mobilisation indicator due to its disclosure of private capital mobilisation data for investments in its exportable data files.
IDB Invest ranked joint third from the bottom in the Financial Intermediary (FI) Sub-Investments component, with a score of 1.75 out of 10. Its performance remained unchanged between 2023 and 2025. Like ten other non-sovereign DFIs, it only scored on the FI (bank) use of funds indicator.
Recommendations
- IDB Invest should begin disclosing further Core Information data including domicile, sub-sector, disbursement, and last update date. It should ensure consistent disclosure of sub-national location in its bulk download file and add total investment cost as a field.
- It should disclose project-level Impact Management indicators, including additionality statements, activity indicators/metrics and results.
- IDB Invest should create a policy guiding the disclosure of the presence of the IAM at community level.
- It should publish E&S documents for all investments, including the minimum documentation for higher risk projects.
- IDB Invest should disclose more detailed information on assurance of community disclosure, including place, date, method, documentation, and language. It should also include beneficial ownership statements and disclose client shareholders.
- For Financial Information, IDB Invest should consistently disclose whether an investment was a repeat investment, disclose detailed co-financing data for all investments, and consistently disclose loan tenor.
- IDB Invest should begin disclosing project-level climate finance data, including mitigation/adaptation splits and climate finance rationales.
- IDB Invest should create policies for FI sub-investment disclosure. It should disclose all private equity fund sub-investments and qualifying FI (bank) sub-investments in accordance with Publish What You Fund’s DFI Transparency Tool.