IDB Invest Flexes Financing War Chest Ahead of Capital Increase
A boat passes through the meeting of the Amazon’s Xingu River and the Rio Fresco in Sao Felix do Xingu, Para state, Brazil, on Tuesday, Oct. 5, 2021. To rally capital around sustainable goals in the region, IDB Invest and the World Bank Group’s International Finance Corp. are teaming up with another 22 financial institutions, including Banco BTG Pactual S.A. or Banco Santander SA’s unit in Brazil. The effort is part of the Amazon Finance Network.
Photographer: Jonne Roriz/BloombergInter-American Investment Corp. is bolstering its ability to mobilize capital from investors as it seeks support from its shareholders for a proposed capital increase.
IDB Invest, the private-sector arm of the Inter-American Development Bank Group, is luring this year about $2 of investor capital for each dollar of financing out of its own balance sheet, Chief Executive Officer James Scriven said in an interview. That’s versus a ratio of $0.6 of investors cash per each dollar that the Washington-based lender previously had, he said.