Catalytic Capital | April 8, 2020

Inter-American Development Bank issues $2 billion bond for COVID relief

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, April 29 – The Inter-American Development Bank has issued a $2 billion, five-year bond as part of its $12 billion COVID relief commitment.

Capital will be invested to support the immediate health response in Latin America and Caribbean, as well as economic safety nets for vulnerable populations and small businesses (see, “Needed: Responsive, aggregated and accessible capital for (once-) growing businesses in emerging markets”).

The development financial institution’s bond follows the African Development Bank’s $3 billion COVID-relief bond.