The Inter-American Development Bank (IDB) and the United Nations Development Program (UNDP) signed a new framework agreement to foster enhanced collaboration through the harmonization of operational processes for more efficient cooperation and accelerate sustainable development in the Americas Latin and the Caribbean region.

IDB and UNDP have worked closely for a quarter of a century, the agreement seeks to accelerate progress in joint priority areas, such as reducing poverty and inequality, addressing climate change and driving sustainable growth through productivity and innovation, amplifying the reach and long-lasting impact of development actions.