IDB - Inter-American Development Bank

Published purpose

This project supports the Transparency Trust Fund of the Inter-American Development Bank (IDB). The IDB is the main source of multilateral funding for economic, social and institutional development in Latin America and the Caribbean (LAC). It works with partners to reduce poverty and inequality, and to achieve sustainable economic growth. Canada has been a member of the IDB since 1972 and holds a seat on its Board of Directors. The Transparency Trust Fund provides technical assistance to help improve accountability and transparency of institutions in LAC by supporting the implementation of policies, mechanisms and practices that promote access to information and transparency. The fund also improves the financial integrity of IDB member countries by supporting activities that aim to prevent and control corruption, as well as supporting responsible resource governance in the LAC region, specifically in the extractives sector. Activities include: (1) helping countries implement risk-based approaches to combat money laundering; (2) providing technical and financial resources to improve legal and regulatory frameworks related to the extractives sector; and (3) applying transparent and equitable access to information and open data policies in IDB member countries.