Abstract

The Inter-American Development Bank (IDB) is a regional development bank with a charter similar to that of the World Bank and even closer to that of the Asian Development Bank and the African Development Bank. The European Bank for Reconstruction and Development also has a charter that follows the IDB’s general model. The charter for the Inter-American Development Bank was signed in 1959, and the Bank came into existence in 1960. It now has 27 regional members and 17 nonregional ones. The 27 regional members include all the countries south of the United States, with the exception of Cuba. Nonregional members include most of the European countries, plus Israel and Japan. The latter group of nonregional countries joined the bank in 1974 and has been a major source of new funding, staff, and general support.