The Inter-American Development Bank (IDB) is a regional development bank established in 1959 to support economic and social development in Latin America and the Caribbean. It provides financial and technical assistance to countries in the region, helping them implement projects that promote sustainable development, reduce poverty, and improve infrastructure. The IDB is owned by 48 member countries, including both borrowing and non-borrowing nations. It plays a crucial role in fostering cooperation among its members and mobilizing resources for development initiatives, making it one of the largest sources of development financing in the region.