IIC – Inter-American Investment Corporation

Published purpose

This contribution represents Canada’s institutional support to the Inter-American Investment Corporation (IIC), which is part of the Inter-American Development Bank (IDB) Group. The IIC is a development finance institution that promotes the economic development of countries by encouraging the establishment, expansion and modernization of small and medium-sized private enterprises (SMEs). The IIC provides financing to private sector companies, specifically targeting SMEs, in the form of loans, equity investments and lines of credit to financial intermediaries. Projects eligible for financing have to demonstrate a return on investment as well as foster economic development. This can include projects that create jobs, broaden capital ownership, generate net foreign exchange income, facilitate transfers of resources and technology, use local resources, encourage local savings or promote economic integration of Latin America and the Caribbean.