IDB President tags crime, corruption as challenges region must address

IDB President Luis Alberto Moreno

Against the backdrop of having approved financing for projects in the Caribbean totalling more than US$19 billion last year, the Inter American Development Bank (IDB) is seeking a more assertive posture from governments in the region in the fight against crime, violence and corruption.

The message from the region’s most important source of multilateral financial support was delivered last month at the end of December by its President Luis Alberto Moreno and came against the backdrop of persistent concerns expressed by multilateral funding agencies about the role which crime and corruption plays in undermining development efforts in the region.

Moreno’s overview of the performance of Latin America and the Caribbean last year posited that while the period was marked by economic gains the fundamentally fragile nature of many of