IDB

1. industrial development bond.

IDB

abbreviation

1. illicit diamond buying

Example Sentences

"Congratulations Javier Milei, president-elect of Argentina. At the IDB, we are ready to continue our collaboration with the country and promote sustainable and inclusive economic development for the benefit of its citizens."

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Friday's agreement included $89 million for the IDB's efforts to help countries address migration challenges, including $25 million from the U.S. and additional funds from Canada, South Korea and Spain and the IDB's ordinary capital.

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Washington also announced a $10 million contribution to an IDB biodiversity grant facilty.

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IDB President Ilan Goodfajn told Reuters the bank would play a big role in that growth after signing three new agreements with the U.S. in the areas of migration, biodiversity and steps to mobilize more private sector investments.

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Goldfajn, a former IMF official who took over the helm of the IDB one year ago, said the region still faced many social, fiscal and climate challenges, but expanded cooperation and investment could help the region prosper - and help the world meet its needs for food, critical minerals and energy.

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