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The Inter-American Development Bank (IDB) provides concessional and non-concessional loans, loan guarantees, grants, and technical assistance to middle and lower-income countries in Latin America and the Caribbean. IDB became an IATI member in 2011 and first published to the IATI Registry in March 2013. IDB manages the IDB Group’s sovereign-backed lending, while a separate entity, IDB Invest, manages the private sector portfolio. IDB was established in 1959
IDB came third in the sovereign assessment with a score of 69.9 out of 100. It came top of the Financial Information component due to publishing data for all of the indicators. IDB came third in the Core Information and ESG and Accountability to Communities components, and fourth for Impact Management. IDB’s overall performance was negatively affected by the fact that it failed the IATI component for project-level indicators because five projects from the sample were not published to the IATI Standard.
IDB came third in the Core Information component with a score of 21.69 out of 30. Significantly, it scored in all of the seventeen indicators of the assessment and was only one of two sovereign DFIs to consistently publish loan agreements/contracts. However, it failed the IATI component of the indicators because five projects from the sample were not published to the IATI Standard.
IDB came fourth in the Impact Management component with 24 out of 30. It scored in all five indicators of the component. It received points for all of the questions in the activity indicators/metrics and results indicators, but got 75% due to not all projects being published to the IATI Standard. It passed all organisation-level questions apart from disclosing its approach to determining impact attribution.
IDB came third in the sovereign assessment of the ESG and Accountability to Communities component with 18.67 points out of 30. It was one of two sovereign DFIs to have policies on community disclosure for both the independent accountability mechanism (IAM) and project-level grievance mechanisms (PGM). Although it did not clearly articulate what E&S documentation is to be disclosed for medium and high-risk projects, it was one of three sovereign DFIs to consistently disclose all identified E&S documents for projects. However, it did not score on assurance of community disclosure.
IDB topped the sovereign assessment for Financial Information with a score of 5.5 out of 10. IDB scored points in all four indicators in the sovereign assessment of the component, scoring full marks in the currency of investment indicator.
- IDB should ensure that all investments are published to the IATI Standard.
- It should ensure that its IATI Organisational folder is up to date with latest versions of all relevant documents including annual reports and financial statements.
- IDB should publish data that is already disclosed on its website or in a PDF in the more accessible bulk download format of publication including description of activity, sub-national location, disbursements, and client name.
- For Core Information IDB should disclose client contact details, date of activity disclosure, and last update date.
- IDB should review the exceptions articles in its access to information policy and include an objective harm test for confidentiality of information provided by third parties.
- It should publish its approach to determining impact attribution and translation policy.
- IDB should develop an early disclosure policy covering, at a minimum, high risk projects and disclose investments in line with the policy.
- It should consistently provide assurance of community disclosure for investments when disclosure is required.