IDB Invest has presented its Annual Report for the year 2021, which presents the financial statements for the year ended December 31th, 2021. The 2021 results demonstrate that IDB Invest exceeded its goals even in challenging circumstances, channeling a record volume of financing to Latin America and the Caribbean (LAC). Financial commitments totaled 6.3 billion dollars, while mobilization operations reached 3 billion dollars. IDB Invest closes 2021 with a combined portfolio of 10.9 billion dollars in development assets.

The Bank had achieved all of its operational goals to support the region in the transition from crisis to recovery. Likewise, it exceeded most of the sustainability objectives: gender, SMEs and digitization. In terms of climate, 53% of long-term transactions included climate components, exceeding the goal of 40%.

During 2021, IDB Invest reached three important milestones that strengthened its profile as a sustainable supranational issuer:

• Standard & Poor’s raised its long-term credit rating on IDB Invest to AA+ from AA, citing its strong track record in executing its expanded mandate and strengthening its operational capabilities, risk management practices, and systems.

• IDB Invest created a Sustainable Debt Framework and executed its entire funding program for 2021 under that regime, including its first sustainable bond registered on the London Stock Exchange for 1 billion dollars. The Framework conforms to the Principles and guidelines for green and social bonds of the International Capital Markets Association.

• IDB Invest launched the first blue bond in LAC, an issue for 38 million dollars over 10 years to support clean water and ocean conservation projects.