MULTILATERAL DEVELOPMENT ORGANIZATIONS
Multilateral development organizations making loans to foreign nations can be a source of exporting opportunities for U.S. companies.
U.S. Executive Directors at multilateral development organizations can help in providing procurement contracts resulting from loans or grants made by their respective institutions.
The following is a list of contacts
World Bank
1818 H Street, N.W.
Washington, D.C. 20433
Phone: 202/458-0110
Web: http://www.worldbank.org
International Monetary Fund (IMF)
700 19th Street, N.W., Room 13-320
Washington, D.C. 20431
Phone: 202/623-7759
Web: http://www.imf.org
Inter-American Development Bank (IDB)
1300 New York Avenue, N.W.
Washington, D.C. 20577
Phone: 202/623-1000
Web: http://www.iadb.org
About The World Bank
The World Bank is a vital source of financial and technical assistance to developing countries around the world. The World Bank is not a bank in the common sense. The World Bank made up of two unique development institutions owned by 185 member countries-the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in our mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together they provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.
About the International Monetary Fund (IMF)
The IMF is an international organization of 184 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
Since the IMF was established its purposes have remained unchanged but its operations-which involve surveillance, financial assistance, and technical assistance-have developed to meet the changing needs of its member countries in an evolving world economy.
About the Inter-American Development Bank (IDB)
A long-standing initiative of the Latin American countries, the Inter-American Development Bank was established in 1959 as a development institution with novel mandates and tools. Its lending and technical cooperation programs for economic and social development projects went far beyond the mere financing of economic projects that was customary at the time.
The IDB’s programs and tools became the model on which other regional and subregional multilateral development banks were created. The IDB is the main source of multilateral financing for economic, social and institutional development projects and trade and regional integration programs in Latin America and the Caribbean. It is the oldest and largest regional development bank.
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