The Inter-American Development Bank (IDB) has approved a US$3.5 billion capital increase for its private sector investment arm, IDB Invest.
IDB President Ilan Goldfajn says the capital injection will double the size of IDB Invest over the next few years.
The capital increase will allow IDB Invest to scale its ability to channel resources to the Latin American and Caribbean region to around US$19 billion per year.
That is up from the about eight billion currently deployed.
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