Project profile — Support to the Inter-American Investment Corporation (IIC) - IDB Invest 2016-2025

• America, regional (100.00%)

• Education, Level Unspecified: Education facilities and training (11120) (0.00%)
• Basic Education: Primary education (11220) (0.01%)
• Secondary Education: Secondary education (11320) (0.20%)
• Higher education:
Higher education (11420) (0.37%)
Advanced technical and managerial training (11430) (0.00%)
• Health, General: Medical services (12191) (0.11%)
• Water supply - large systems:
Water supply - large systems (14021) (0.39%)
Sanitation - large systems (14022) (0.39%)
River basins' development (14040) (1.19%)
• Housing policy and administrative management:
Housing policy and administrative management (16030) (0.03%)
Low-cost housing (16040) (0.22%)
Multi-sector aid for basic social services (16050) (0.03%)
• Transport policy and administrative management:
Transport policy and administrative management (21010) (0.15%)
Road transport (21020) (13.21%)
Water transport (21040) (1.70%)
Air transport (21050) (0.12%)
• Telecommunications:
Telecommunications (22020) (0.04%)
Information and communication technology (ICT) (22040) (0.10%)
• Energy generation, renewable sources - multiple technologies:
Energy generation, renewable sources - multiple technologies (23210) (17.59%)
Hydro-electric power plants (23220) (3.75%)
• Heating, Cooling And Energy Distribution: Electric power transmission and  distribution (23630) (0.99%)
• Financial policy and administrative management:
Financial policy and administrative management (24010) (6.69%)
Monetary institutions (24020) (2.52%)
Formal sector financial intermediaries (24030) (30.35%)
Informal/semi-formal financial intermediaries (24040) (3.51%)
• Agricultural development:
Agricultural development (31120) (0.03%)
Agricultural extension (31166) (0.05%)
Agricultural research (31182) (0.08%)
Agricultural financial services (31193) (3.55%)
• Forestry: Forestry policy and administrative management (31210) (4.04%)
• Industrial policy and administrative management:
Industrial policy and administrative management (32110) (1.20%)
Small and medium-sized enterprises (SME) development (32130) (1.19%)
Textiles, leather and substitutes (32163) (4.03%)
Fertilizer plants (32165) (0.03%)
• Mineral Resources And Mining: Coal (32261) (1.49%)
• Trade Policy And Regulations And Trade-Related Adjustment: Trade education/training (33181) (0.21%)
• Tourism: Tourism policy and administrative management (33210) (0.33%)
• General Environmental Protection: Environmental policy and administrative management (41010) (0.02%)
• Other Multisector: Urban development (43032) (0.03%)
• Unallocated/ Unspecified: Sectors not specified (99810) (0.06%)

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (significant objective)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

This contribution represents Canada’s institutional support to the Inter-American Investment Corporation (IIC) – IDB Invest, which is part of the Inter-American Development Bank (IDB) Group. The IIC is the IDB Group's main entity for private sector operations. The IIC is a development finance institution that traditionally has provided loans to support small and medium sized enterprises. As of January 2016, the private sector operations of the IDB were merged into the IIC, which also included a capital increase to support its expanded activities, and in 2017, the IIC was rebranded to IDB Invest. IDB Invest works with large corporations, financial intermediaries, micro-, small- and medium-sized enterprises, and partially or wholly-owned state enterprises, providing advisory services and financing in the form of loans, equity investments and guarantees in Latin America and the Caribbean. Projects financed by IDB Invest must demonstrate a return on investment and foster sustainable economic development. This can include projects that create jobs, broaden capital ownership, generate net foreign exchange income, facilitate transfers of resources and technology, use local resources, encourage local savings or promote economic integration. IDB Invest focuses its operations on the following five priority business areas: (1) increasing micro-, small- and medium-sized enterprises access to finance and technical assistance; (2) promoting infrastructure for development; (3) supporting innovation and technological development; (4) enhancing private provision of basic goods and services; and (5) fostering green growth. Each priority business area takes into account three transversal issues: gender and diversity, environmental and social sustainability, and enabling environment.

The expected outcomes for this project include: (1) reductions of greenhouse gas emissions (annual millions tons CO2 equivalent); (2) contribution to support formal employment of women; (3) students benefit through education projects; (4) beneficiaries receiving health services; (5) help beneficiaries improve the management and sustainable use of natural capital; (6) households benefit from housing solutions; (7) jobs created by supported firms; (8) people benefit from on-the-job training programs; (9) women benefit from economic empowerment initiatives; (10) micro, small and medium sized enterprises financed; (11) households with new or upgraded access to drinking water; (12) households with new or upgraded access to sanitation; (13) installed power generation from renewable energy sources; and (14) roads built or upgraded.

2017 marked the second year that the Inter-American Development Group (IDB Group) consolidated its results reporting under a single Corporate Results Framework (CRF) for 2016-2019 with common indicators and many joint targets covering the Inter-American Development Bank (IDB), IDB Invest (Inter-American Investment Corporation – IIC) and IDB Lab (Multilateral Investment Fund – MIF). Cumulative results achieved at the corporate level in 2016 and 2017 by the IDB Group through the support of the Government of Canada and other international donors include: (1) supported approximately 6.2 million students through education projects; (2) provided about 9.4 million individuals with health services; (3) supported 8.3 million individuals through targeted anti-poverty programs; (4) provided access to new or improved sanitation to more than 662,000 households and drinking water to over 634,000 households; (5) improved housing for over 266,000 households; (6) supported approximately 627,000 women through economic empowerment initiatives; (6) created almost 175,000 jobs through IDB supported firms and provided on-the-job training to almost 544,000 individuals; (7) built, maintained or upgraded 4,181 km of roads; (8) ensured 100% of installed power generation capacity was from renewable energy and reduced close to 8.5 million tonnes of greenhouse gas emissions; (9) helped over 812,000 beneficiaries improve the management and sustainable use of natural capital; (10) trained or assisted over 62,000 public and private sector professionals in trade and investment; (11) financed more than 967,000 micro, small, and medium sized enterprises (MSMEs) and provided non-financial support to almost 184,000 MSMEs; (12) supported 123 government agencies to improve public service delivery through projects that strengthen technological and managerial tools; and (13) supported 470 subnational governments in Latin America and the Caribbean through citizen security projects.

• Proactive disclosure