IDB – Inter-American Development Bank

The Inter-American Development Bank (IADB) is a financial institution that promotes development projects to reduce poverty in Latin America and the Caribbean. Due to its extensive experience, the IADB is in charge of promoting the Water Fund’s multilateral portfolio, in collaboration with the AECID. Contributions are channelled through the Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean (FECASALC), a trust fund established between the Spanish Government and the IADB. The multilateral portfolio is endowed with 397 million euros in donations from Spain which, combined with the IADB’s activity, broadens and multiplies the impact.

Multilateral programmes are implemented following an operational regulation and a coordination guide that establishes the joint management mechanisms for FECASALC operations. This has enabled certain spaces and processes of specific coordination between AECID technical cooperation offices (TCOs), IADB representations and national authorities to be established in countries in which joint actions are carried out, seeking synergies and multiplying the impact on development. Throughout 2021, telematic meetings were held in each of the countries in which multilateral programmes are in place to establish a joint working strategy and foster coordination between actors.

The partnership with the IADB is strategic, and has added great value thanks to the integration of the AECID’s vision as a development agency (the defence of water as a human right and emphasis on the importance of citizen participation and gender relations) and the extensive experience and technical qualifications of the IADB in project management.