The Inter-American Development Bank (IDB) is the main source of multilateral financing and expertise for economic, social, and environmental sustainable development in Latin America and the Caribbean. IDB's priorities are reducing poverty and inequality, ensuring sustainable development, addressing sustainable energy and climate change, addressing the special needs of the poorest countries, promoting regional integration, and fostering development through the private sector. The IDB Group is composed of the Inter-American Development Bank, the Inter-American Investment Corporation (IIC), and the Multilateral Investment Fund (MIF). The IIC focuses on support for small and medium-sized businesses, while the MIF promotes private sector growth through grants and investments, with an emphasis on microenterprise.
Our Company has a strong partnership with the IDB and has undertaken multiple initiatives throughout Latin America in the areas of agriculture, sports for development, recycling and water and sanitation. Our joint projects with the IDB include the Haiti Hope Project, Sports for Development in Colombia, Recycling Collectors Project in Brazil, a Regional Initiative for the Economic and Social Inclusion of Informal Recyclers throughout Latin America, and the School Water, Sanitation, and Hygiene Plus Community Impact (SWASH+) in Central America.
The Haiti Hope Project is a partnership between business, multilateral development institutions and civil society partners to create opportunities for Haitian mango farmers and their families. Through this partnership, we work with the MIF, the U.S. Agency for International Development (USAID), and TechnoServe to double the income of 25,000 Haitian mango farmers over five years to help raise their standard of living. We are the proud recipients of the Trust of the Americas Award from the May 2012 IDB Corporate Social Responsibility Summit for our contributions to this project.
In the area of water and sanitation, we have jointly undertaken a bold initiative to provide safe drinking water, sanitation facilities, and hygiene education to more than 23,000 students in 150 rural schools in Nicaragua, El Salvador and Guatemala. Through our joint regional recycling efforts, we have completed a framework to build a Latin American platform for improving the socioeconomic conditions of recyclers and their families.
“Our partnership with The Coca-Cola Company has been very positive in terms of the results we have achieved so far. Both of our organizations complement each other in different ways enabling us to create impact initiatives that foster sustainable development in Latin America. Furthermore, this strategic alliance is becoming a model of how the private sector, civil society and governmental institutions can positively contribute to sustainable and inclusive social and economic growth.” – IDB President Moreno
For more information about the IDB, please view their website.