The Inter-American Development Bank (IADB or IDB or BID) is the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations.
The IDB has four official languages: English, French, Portuguese, and Spanish. Its official names in the other three languages are as follows:
| Language | Name |
|---|---|
| French | Banque interaméricaine de développement; |
| Portuguese | Banco Interamericano de Desenvolvimento |
| Spanish | Banco Interamericano de Desarrollo |
In all three other languages the Bank uses the acronym "BID".
Read more about Inter-American Development Bank: History, Operations, Capital Increase, Haiti, Financial Resources, Criticism
Famous quotes containing the words development and/or bank:
“I hope I may claim in the present work to have made it probable that the laws of arithmetic are analytic judgments and consequently a priori. Arithmetic thus becomes simply a development of logic, and every proposition of arithmetic a law of logic, albeit a derivative one. To apply arithmetic in the physical sciences is to bring logic to bear on observed facts; calculation becomes deduction.”
—Gottlob Frege (1848–1925)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)