| Inter-american Development Bank |
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Information AboutInter-american Development Bank |
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| multilateral development banks | |
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The IDB has four official languages. In the other three languages, its official name is:
In all three of these languages, the Bank's name is abbreviated to "BID". The Bank is owned by 47 member countries, 21 of which are lenders: Austria , Belgium , Canada , Croatia , Denmark , Finland , France , Germany , Israel , Italy , Japan , Netherlands , Norway , Portugal , Republic Of Korea , Slovenia , Spain , Sweden , Switzerland , United Kingdom , and United States . Twenty-six of the members are borrowers: Argentina , Bahamas , Barbados , Belize , Bolivia , Brazil , Chile , Colombia , Costa Rica , Dominican Republic , Ecuador , El Salvador , Guatemala , Guyana , Haiti , Honduras , Jamaica , Mexico , Nicaragua , Panama , Paraguay , Peru , Suriname , Trinidad And Tobago , Uruguay and Venezuela . Each member's voting power is determined by its subscription to the IDB's ''Ordinary Capital'' (US$ 101 billiononly 4.3 % of those US$ 101 bn. are paid-up, the remaining 95.7 % are callable), of which 30 % are held by the USA, 50.02 % by the Latin American and Caribbean states together.data as of 2005 The IDB is unique among development banks in that some of its members are also borrowers. Though this arrangement was first viewed as risky, it is believed by some that strict peer pressure prevents the borrowers from defaulting, even when they were under severe economic pressure. However, as addressed by FONDAD , Argentina had defaulted in 2001 which was publicly announced in 2002. {Link without Title} On July 27 , 2005 , the Colombia n Diplomat Luis Alberto Moreno was elected to succeed Enrique V. Iglesias as President of the IDB. NOTES SEE ALSO
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