Central & South America
Inter-American Investment CorporationInter-American Investment Corporation Contact: Steven Reed
The Inter-American Investment Corporation (IIC) is a multilateral investment institution that is part of the Inter-American Development Bank (IDB) Group. Its mandate is to promote the economic development of its Latin American and Caribbean member countries by financing private enterprise, preferably small and medium in scale.
The IIC seeks to provide financing to companies that do not have access to medium- or long-term financing from the capital and financial markets. To fulfill its mission, the IIC provides long-term financing in the form of direct loans; direct equity or quasi-equity investments; lines of credit to local financial intermediaries for on-lending in the form of smaller loans; agency lines with local financial institutions for joint lending; investments in local and regional private equity funds; and guarantees for and investments in capital markets offerings.
The IIC finances expansion projects in all economic sectors (except for arms manufacturing and trade, gambling, and real estate speculation). The IIC’s target market comprises companies with sales ranging from $5 million to $35 million. However, the IIC works selectively with companies having sales in excess of $35 million. IIC loans and investments are denominated in United States dollars and may be up to 33 percent of the cost of a new project or up to 50 percent of the cost of an expansion project of an existing company.