Project profile — Inter-American Development Bank - Second Replenishment of the Multilateral Investment Fund

• America, regional (100.00%)

• Business And Other Services: Business support services and institutions (25010) (100.00%)

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• 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 Multilateral Investment Fund (MIF), which is part of the Inter-American Development Bank (IDB). The MIF supports economic growth and poverty reduction in Latin America and the Caribbean by stimulating increased private sector investment and development. MIF provides low-income populations with basic services, financing and access to markets, as well as skills to compete in these markets. It is the largest provider of technical assistance for private sector development in the region. The MIF provides technical assistance grants, loans, and equity investments, to fund private sector-led development projects. For example, the MIF helps banks and other private financial institutions lend to micro, small, and medium businesses, and helps companies to increase their social impact, green their operations and access new suppliers. MIF also supports youth training programs and works with government agencies to strengthen regulatory and legal frameworks to facilitate private sector investment and development.

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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