strategy
Providing loans to the transportation sector
Implementation:
In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) has made 268 loans for US$8,900 million to finance communications and transportations projects costing a total of $20,500 million. Some of the larger transportation loans of 1993 included: $340 million for the Argentinian road corridor programme; in Brazil, $267 million for the modernization of the Fernao Dias highway and $147 million for highway corridors; $180 million for the modernization of Mexican feeder highways and rural roads; $30.9 and $10 million loans for the Paraguayan national rural roads programme, and $180 million for the Panamanian road repair and administration programme. Facilitates:
Developing transport infrastructuresReducing uncertainty of development programmes due to short-term loans Facilitated by:
Freeing up availability of loans Problems:
Bad loansBank fraud
Defaults on international loans
Deteriorating terms of international financial loans to vulnerable countries
Discrimination against women in banking
Domination of restrictive project loans by transnational banks
Excessive anxiety on overseas lending
Fraudulent loans
Inadequate diversification of loans to vulnerable countries
Insufficient programme funding
Limited availability of loans
Over-dependency on international financial institutions
Racial discrimination in according financial loans
Restrictive conditions on loans through intergovernmental facilities
Reverse flow of financial aid
Uncertainty of development programmes due to short-term loans
Unethical financial practices
Unpaid debts
Organizations:
Inter-American Development Bank Subjects:
Transportation, Telecommunications → TransportationCommerce → Credit
Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
