The Inter-American Development Bank.
THE INTER-AMERICAN DEVELOPMENT BANK Inter-American Development Bank (IDB)
international organization founded in 1959 by 20 governments in North and South America to finance economic and social development in the Western Hemisphere. , a multilateral mul·ti·lat·er·al
adj.
1. Having many sides.
2. Involving more than two nations or parties: multilateral trade agreements. lending
institution Noun 1. lending institution - a financial institution that makes loans
financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , approved a US$31 million loan to finance the construction
of electricity transmission lines in Bolivia. The total project will
cost $77.5 million and will also receive financing from the Andean
Development Corporation, also a multilateral lending agency, as well as
from private investors.
COPYRIGHT 2005 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion