Inter-American Development Bank

The Inter-American Development Bank (preferred abbreviation IDB, although sometimes found as IADB), is an international organization established and headquartered in Washington, D.C., United States, in 1959 to support Latin American and Caribbean economic and social development and regional integration by lending mainly to governments and government agencies, including State corporations. The current president of the Bank is Luis Alberto Moreno, a Colombian diplomat who was elected to succeed Enrique V. Iglesias on July 27, 2005. The IDB has four official languages: English, French, Portuguese, and Spanish. Its official names in the other three languages are as follows: French: Banque interaméricaine de développement;Portuguese: Banco Interamericano de Desenvolvimento;Spanish: Banco Interamericano de Desarrollo. In all three of the other languages, the Bank uses the acronym "BID".