IDB to Propose Contingency Fund for Region in Future Crises
This article is for subscribers only.
The Inter-American Development Bank will ask its members to consider a contingency fund to help countries maintain spending in the event of a future crisis, said an official of the Washington-based lender.
The proposal would aid countries in sustaining funding for social development, infrastructure and small and medium-sized businesses, said Koldo Echebarria, manager of the IDB’s Office of Strategic Planning and Development Effectiveness.