Developments in IDB Grant Financing in 2010
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This Annual Report discusses the developments in 2010 for IDB grant financing. The year 2010 was one of great change in the IDB's approach to grant financing and resulting accomplishments in Latin America and the Caribbean. The amount of grant financing approved increased by 61 percent and disbursements of grant resources increased by 68 percent along with the diversity of funding sources and variety of grant instruments. In addition, The Bank's Ninth General Capital Increase (IDB-9) defined new strategic priorities and funding for technical cooperation (TC), investment grants and Haiti grants. When considering TC alone, grant support for knowledge and capacity building products increased by 30% in 2010, demonstrating the Bank's renewed commitment to help borrowing countries further these goals. TC grants were fully incorporated into nearly all country programming exercises, thus more closely aligning with Country Strategy goals.