IDB Group opens Miami office to foster private-sector-led development in LAC
/ Our Today
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The Inter-American Development Bank Group (IDB Group) has opened a new office in Miami—its first presence in the United States outside Washington, DC, and the first of a multilateral development bank in the city—to advance private-sector-led development and strengthen the IDB Group’s role in connecting global investors with opportunities in Latin America and the Caribbean.
The office brings the IDB Group closer to where investment decisions are made. Miami is a major financial and corporate hub, home to more than 1,600 multinational companies and over 60 international banks, with a growing venture capital and technology ecosystem.
“Miami is where investors are, where decisions are made, and where deals are structured,” said IDB Group President Ilan Goldfajn. “By being here, we can bring investment into Latin America and the Caribbean and also bring opportunities from the region to global investors—scaling private-sector-led development on both sides.”
The opening comes as the IDB Group scales up its role as a private-sector multilateral development bank. The institution successfully closed its $3.5 billion subscription process for the recapitalisation of IDB Invest, supporting its new originate-to-share business model, and finalised the replenishment of IDB Lab with a more scalable and sustainable business model and new leadership.
The Miami office will deepen engagement with investors and partners, strengthen co-financing and mobilisation, and support the structuring of projects across key sectors. It will also support IDB Invest and IDB Lab in expanding business development and bringing investment into Latin America and the Caribbean.
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