Multilateral Investment Fund (MIF)
Fonds multilatéral d'investissement
Fondo Multilateral de Inversiones (FOMIN)
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11 Feb 1992, Washington DC (USA), on signature by Inter-American Development Bank (IDB) member countries of an establishment agreement and of an agreement appointing IDB as administrator. Both agreements became effective on 7 Jan 1993.
As a provide of technical assistance for private sector development in the Latin American and Caribbean region, pursue innovative ways to build economic opportunity by developing effective approaches to increase private investment and advance private sector development, improving the business environment, and supporting micro and small enterprises in order to support economic growth and poverty reduction in the region.Available with paid subscription only.
In 2010, introduced the concept of the Access Framework, aimed at achieving greater focus and at using impact evaluation and knowledge capturing and sharing as a natural part of efforts to support innovative projects that achieve greater impact. Areas of work within the Access Framework context: 'Access to Finance', including microfinance, early stage equity, SME financing and financial services for low income people; 'Access to Markets and Capabilities', including market functioning, business capabilities and job skills; 'Access to Basic Services', including engaging the private sector in the provision of basic services and climate change. Operates by engaging in partnerships with local and international organizations which provide sector-specific knowledge and counterpart funding (to date exceeding US$ 100.4 million). Provides financing in the form of grants, loans, guarantees, equity and quasi-equity or any combination thereof, as well as advisory services, providing that it maintains its essential grant-making character. Historically, approximately 65% of resources have been devoted to non-reimbursable technical assistance grants, and 35% have been used to provide loans or investments. Organizes fora, conferences and other events.
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English, French, Portuguese, Spanish.
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Members in 39 countries
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UN Sustainable Development Goals **
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