This year marks a pivotal moment in the evolution of IDB Invest. As a member of the IDB Group, our mission is to improve people’s lives by partnering with the private sector. And since we began operations eight years ago, we have built an organization capable of impacting the lives of millions of people throughout Latin America and the Caribbean.

IDB Invest’s total activity in 2023 reached $10.7 billion, of which $5.4 billion came from mobilizing resources from private investors. This historic figure was driven by pathbreaking projects such as a B bond that enabled Chile to stabilize electricity prices and a loan to AES that will help the Dominican Republic to sharply increase its non-conventional renewable energy capacity.

We are proud to report that our financial position has been strengthened through our strategic portfolio management, as validated by all the major rating agencies. Last year, we passed the milestone of $20 billion in assets under management for the first time, in a clear reflection of the strength of our institution.