Inter-American Investment Corporation (IIC)

The Inter-American Investment Corporation, an affiliate of the Inter-American Development Bank based in Washington, DC, was established in 1985 to promote the economic development of its Latin American and Caribbean members by financing small- and medium-size private enterprises. IIC provides project financing in the form of direct loans and equity investments, lines of credit to local financial intermediaries, and investments in local and regional investment funds.

The headquarters of the Inter-American Investment Corporation are located in 1350 New York Avenue NW., Washington, DC 20577

Regional Member Countries

The Inter-American Investment Corporation has 45 member countries, of which 28 are in the Western Hemisphere, including the United States, and 17 are outside the region.

The member countries are: Argentina Bahamas Barbados Belize Bolivia Brazil Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador Guatemala Guyana Haiti Honduras Jamaica Mexico Nicaragua Panama Paraguay Perú Suriname Trinidad and Tobago Uruguay and Venezuela.

Other Member Countries are the following: Austria Belgium Canada China Denmark Finland France Germany Israel Italy Japan Korea Netherlands Norway Portugal Spain Sweden Switzerland and United States.

Activities

The Inter-American Investment Corporation offers financing in the form of loans, equity investments and guarantees to encourage the establishment, expansion, and modernization of private and state-owned enterprises. It works closely with the private sector to help overcome core challenges to growth, to refine business strategies, and embrace new technologies to improve productivity.

The Inter-American Investment Corporation financing is also a catalyst for attracting other resources in the form of additional financing, technology, and know-how through co-financing and syndication in order to maximize developmental impact.

Projects financed by the Inter-American Investment Corporation aim to offer profitable investment opportunities and foster economic development. From creating jobs and broadening capital ownership to facilitating transfers of resources and technology, projects should help spur economic growth and promote sustainability. Projects that generate foreign exchange income or promote the economic integration of Latin America and the Caribbean are also eligible for Inter-American Investment Corporation funding.

All projects financed by the Inter-American Investment Corporation are subject to an environmental and social review process, including but not limited to an assessment of compliance with domestic environmental legislation, waste management practices, and relevant occupational health and safety issues. The Inter-American Investment Corporation only invests in for-profit projects and charges market rates for the products and services it provides.