MICROCAPITAL BRIEF: Inter-American Development Bank to Allow Public to Select Programs Seeking to Improve Financial Inclusion for People with Disabilities in Latin America and the Caribbean

The Inter-American Development Bank (IDB), a US-based multilateral financial institution, recently announced a call for proposals to increase the inclusion of people with disabilities as financial sector clients and workers in Latin America and the Caribbean. The competition is open to public and private financial institutions from IDB’s 48 member countries to propose projects to be carried out in Latin America and the Caribbean. Proposals will be voted on by the public, and the ideas with the most votes will receive grants of up to USD 50,000 to assist with their implementation. Proposals that focus on gender equality will be given priority.

Proposals must also be submitted at http://www.bidinnovacion.org/inclusion-in-firms by December 31, 2012.

The competition is organized by IDB’s Innovation Lab, an online platform that uses crowdsourcing to encourage the exchange of ideas and potential solutions to development problems in Latin America and the Caribbean.

As of 2011, IDB reported total assets of USD 89 billion. IDB is headquartered in Washington, DC, with offices also in Japan, France and all 26 member countries in Latin America and the Caribbean.

By Charlotte Newman, Research Associate

About Inter-American Development Bank
The Inter-American Development Bank (IDB) is a US-based multilateral finance institution that was established in 1959 and operates in Latin America and the Caribbean. IDB works with governments, companies and nongovernmental organizations (NGOs) to provide both loans and grants to support small and medium-sized enterprises (SMEs), health, education and other sectors. IDB also provides technical assistance and research in these areas. Its Board of Executives is elected by 48 member countries, 26 of which are located in Latin America and the Caribbean. As of 2011, IDB reported total assets of USD 89 billion. IDB is headquartered in Washington, DC, with offices also in Japan, France and all 26 member countries in Latin America and the Caribbean.

Sources and Additional Resources:

Inter-American Development Bank Announcement: “IDB Calls for Solutions for Financial Inclusion of People with Disabilities,” http://www.iadb.org/en/news/announcements/2012-11-09/call-for-solutions-for-people-with-disabilities-in-lac,10207.html

MicroCapital.org story, September 24, 2012, “MICROCAPITAL BRIEF: Inter-American Development Bank Issues Partial Credit Guarantee of $2.4m to Microfin of Uruguay,” https://www.microcapital.org/microcapital-brief-inter-american-development-bank-issues-partial-credit-guarantee-of-2-4m-to-microfin-of-uruguay/

MicroCapital.org story, September 19, 2012, “MICROFINANCE EVENT: Multilateral Investment Fund (MIF) to Host 15^th Annual Inter-American MicroEnterprise Forum (Foromic), Bridgetown, Barbados, October 1-3, 2012,” https://www.microcapital.org/microfinance-event-multilateral-investment-fund-mif-to-host-15-th-annual-inter-american-microenterprise-forum-foromic-bridgetown-barbados-october-1-3-2012/

MicroCapital.org story, October 13, 2012, “MICROCAPITAL BRIEF: YuMobile, Microensure, Jubilee Insurance Partner to Offer Life, Disability Insurance to Mobile Subscribers in Kenya,” https://www.microcapital.org/microcapital-brief-yumobile-microensure-jubilee-insurance-partner-to-offer-life-disability-insurance-to-mobile-subscribers-in-kenya/

MicroCapital Universe Profile: Inter-American Development Bank
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Inter-American+Development+Bank+%28IDB%29

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