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IDB, IIC and Abraaj to develop private equity in Latam and Caribbean

Staff writer |
The Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC), a member of the IDB Group, founded a private-sector focused partnership with The Abraaj Group.

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As agreed in a Memorandum of Understanding signed last week in Washington D.C. the partners aim specifically to promote private sector development and investment in Latin America and the Caribbean.

The IDB, IIC and Abraaj will develop both financing and knowledge products as partnership opportunities, aiming to expand the regional private equity industry.

In terms of financing, they will seek to mobilize resources for equity investments in high-growth, medium-sized companies, co-finance initiatives in areas of shared priority, and bring advisory and training services to Abraaj’s portfolio companies across Latin America and the Caribbean.

The collaboration will feature knowledge-sharing by promoting investment know-how and entrepreneurship through training, conferences, workshops and joint publications, among other activities.

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