Providing loans for national institutional change

In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) made 70 loans for US$5,600 million to finance planning and reform projects totalling US$8,400 million. Examples of planning and reform orientated loans in 1993 include among others: $102 million for financial sector reform in the Dominican Republic; $72 million and $20 million loans for modernization of the Guatemalan financial system; $23.6 million for non-conventional financial organizations in Nicaragua; and $65 and $15 million loans for an investment sector reform programme in Trinidad and Tobago.