STATEMENT: IDB Invest meets with investors to present its new business model and capital increase

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MEXICO CITY, April 16, 2024/PRNewswire/ -- IDB Invest launched a global roadshow with investors to present its new business model and capital increase recently approved by its Board of Governors. The first event took place at the BIVA Stock Exchange in Mexico City and marks the beginning of a global roadshow with investors in New York, London and Tokyo.

The event served as a platform to present IDB Invest's new business model, designed to increase its investments and mobilize capital from the private sector for development projects in Latin America and the Caribbean. The new model includes a capital increase of $3.5 billion for IDB Invest approved in March 2024.

Latin America and the Caribbean offer great opportunities to lead the transition towards renewable energies, improve food security on a regional and global scale, and create solutions aimed at sustainability by promoting the growth of the bioeconomy.

IDB Invest connects global capital markets with regional challenges and opportunities to contribute to the creation of a sustainable economy. To date, IDB Invest has issued $13 billion in bonds in markets around the world, including more than $5 billion in green, social and sustainable bonds.

The start of the tour in Mexico demonstrates IDB Invest's commitment to boosting capital markets with issues in local currency. Since 2007, IDB Invest has issued 10 bonds worth 18 billion pesos (approximately $1 billion) in Mexico, and almost 60% have been sustainable bonds that support green and social projects.

IDB Invest has pioneered innovative sustainability and social impact bonds, including the issuance of the first gender bond issued by a Multilateral Development Bank in Latin America and the Caribbean, the first blue bond issued in the region and the first silver bond , a social link to improve the lives of older people.

About IDB InvestIDB Invest, a member of the Inter-American Development Bank Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize the economic, social and environmental development of the region. With a portfolio of US$21 billion in assets under management and 394 clients in 25 countries, IDB Invest offers innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

CONTACT: Ana Lucia Escudero, analuciae@iadb.org

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