Q4/2022

INTER-AMERICAN DEVELOPMENT BANK (IDB)

S&P: AAA/Stable/A-1+ / Moody’s: Aaa/Stable/P-1

Improving lives in Latin American and the Caribbean

INVESTOR
HIGHLIGHTS

» Ilan Goldfajn Elected IDB President

On November 20, 2022, during a special meeting, the IDB’s Board of Governors has elected Ilan Goldfajn
as new president of the institution. Nominated by Brazil, Goldfajn was selected against four other
candidates nominated by Argentina, Chile, Mexico, and Trinidad & Tobago. The new president has taken
office for a five-year term on December 19, 2022.

» At the Forefront of Financial Innovation

The IDB signed a new sovereign Exposure Exchange Agreement (EEA) worth $1.5 billion, with the Asian
Development Bank (ADB), the second of this type between ADB and IDB.

EEAs provide MDB’s with geographical diversification to countries where credit exposure is less or non-existent
and reduce loan portfolio concentration by exchanging coverage for potential nonaccrual events between MDBs.

This strengthens the Bank’s capital adequacy, boosting lending capacity, while also supporting the AAA
credit ratings. The Bank continues to optimize its balance sheet and usage of shareholders' resources through
innovative risk management tools, meeting G20 mandates for greater financial efficiency
» 2022 Funding Program Highlights

The 2022 borrowing program was completed with US$17 billion issued, across a total of 8 currencies with US
dollars, British pounds and Australian dollars taking the lion share with more than 95% done in those currencies.

Around 41% of the amount raised was done in ESG format, either under our Sustainable Development Bond
program (SDB) or EYE bond framework in 4 currencies, including our inaugural SDB and EYE issuances
denominated in NOK, both settling domestically.

Breakdown by Currency

1.57% 1.02%
US$ 17 5.70%
billion in ESG
format
11.88%

US$6.6bn in
63 bonds SDB, accross
4 currencies

79.83%
8 US$108
millions in EYE,
currencies
accross 3
USD
currencies
GBP
AUD
NZD
Other (NOK, IDR, INR, COP)

The 2023 borrowing program is expected to range between US$17 billion and US$18 billion, in line with 2022.

IDB FUNDING TEAM CONTACT

InvestorRelations@iadb.org