An Innovation Lab
The Multilateral Investment Fund serves as an IDBG innovation laboratory to promote development through the private sector by identifying, supporting, testing and piloting new solutions to development challenges and seeking to create opportunities for the poor and vulnerable populations in the LAC region. To fulfill its role, the MIF engages and inspires the private sector and works with the public sector when needed.
Created in 1993 by 21 donor countries, we are the largest provider of technical assistance for private-sector development in Latin America and the Caribbean. We have financed more than US$2 billion in grants and investments for private sector development projects. In all, we have funded more than 2,000 MIF projects with various partners.
Funds for our activities come from contributions made by our member countries—now totaling 39—in Latin America and the Caribbean, North America, Europe, and Asia.
We have a strong regional presence in 26 countries in the region. We work in partnership with local, mostly private partners, to help fund and carry out pilot projects. Most of our partners are known for their potential to innovate, their local knowledge and their ability to promote and scale the solutions developed within our partnership. We also work with global partners that share our goals, such as corporations, foundations, and other multilateral organizations.
We partner with leading organizations to facilitate and
foster the generation of scalable solutions to the challenges
facing Latin America and the Caribbean.
While our partners contribute a significant portion of the project costs and on-the-ground resources to implement operations, we offer technical assistance and innovative financial instruments to co-design and get the job done. To date we have a region-wide network of more than 2,000 strong partners that jointly create solutions to solve development challenges in our region.
We work in close alignment with the priorities of the IDB Group and regional needs.
We have a region-wide network of more
than 2,000 strong partners that jointly
create solutions to solve development
challenges in our region.