12. Opportunities for the Majority Launched by IDB President Luis Alberto Moreno in 2007. Set up as an incubator within the private sector to drive innovation and best practices in applying market-based solutions to advance economic and social development. US$ 250 million set aside from the Bank’s Ordinary Capital. Created to foster collaboration between the public and private sector, and civil society, to attract new resources to address poverty challenges in the region.
13. Why work with the IDB? Source of financing: The IDB is the main source of multilateral financing and expertise in Latin America and the Caribbean. Regional footprint: IDB offices in 26 countries in the region. Opportunities for the Majority: Dedicated team created to support the design and implementation of BOP business models with the private sector. Resources for business innovation: Support the piloting of pre-commercial initiatives with the potential to scale. Blended finance: Comprehensive financial options, including non-reimbursable resources to leverage lending products. Public policy support: Partnerships with local and national/federal governments to facilitate project development and implementation.
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15. US$5 and 10 million per operation (financing between 25% and 50% of the total project cost)
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