Inter-American Development Bank Annual Report 2001
This Annual Report contains a brief summary of the economic situation of Latin America and the Caribbean and a review of the Bank's operations in 2001. In addition, the Report contains a description on a country-by-country basis and a regional basis of the Bank's various operations -loans, guarantees, financings for small projects and technical cooperation-on behalf of Latin America's development; a summary statement of the loans approved in 2001; the financial statements of the Bank, and its general appendices. The lending program reflected the region's broad-based development agenda of poverty reduction and social equity, reform and modernization of the state, and investments in infrastructure and productivity. The Bank's program included loans to finance investment projects, sector loans to support policy reforms, and direct loans to the private sector without a government guarantee. Also in 2001, the Bank provided debt relief of $66 million under the original and enhanced Heavily Indebted Poor Countries initiative (HIPC) to four eligible countries (in nominal values): Bolivia, $31 million; Guyana, $1 million; Honduras, $23 million; and Nicaragua, $11 million.