 |
 |
|
¿What is the Inter-American Development Bank (IDB)?
The IDB was created in 1959 by Latin American countries in order to promote the investment of public and private capitals in development projects in the hemisphere and to coorporate with member countries to orientated their policies towards a better use of resources. The Bank also has extraregional members which, together with the United States and Canada, act as providers of resources. Colombia is a member since its foundation. There are similar regional development banks in other regions of the world, for example, the Asian Development Bank (AsDB), the African Development Bank (AfDB) and the Caribbean Development Bank (CDB).
¿What is the Agency for International Development (AID)?
The Agency for international Development is a body of the United States Government, which provides a series of funds destined to provide financial and technical assistance to more than 70 countries in Asia, Africa, Middle East, Latin America and the Caribbean. It seeks to support projects which aim to satisfy basic human needs and the economic growth of these countries. Colombia has made use of its services on several opportunities.
¿What is the Latin American Reserve Fund (LRF)?
Initially called the Andean Reserve Fund, it was created in 1978 by the countries which signed the Cartagena Agreement with the basic objective of providing resources to support the balance of payments with resources contributed by the Central Banks of the member countries. Once the Fund had consolidated it was decided, in 1978, to admit other members of ALADI, a reform that took effect at the begining of 1991. Besides the above mentioned support of the balance of payments, the Fund seeks to contribute to the harmonization of monetary, foreign exchange and financial policies, and to contribute to improve the investment conditions of the countries’ international reserves.
¿What is the Andean Development Coorporation (ADC)?
The Andean Development Coorporation’s members are the signatory countries of the Andean Pact. Its fundamental object has been to finance industrial projects related to the trade integration process between the five countries. Colombia is a member since its creation.
Economic Information
| Introduction | Statistics | Faq | Warning |
|
 |
