On the International Day for the Eradication of Poverty the Inter-American Development Bank reiterated today its support to countries in Latin America and the Caribbean in their efforts to improve the quality of life and eradicate poverty by ensuring opportunities for all in the region.
The IDB launched this year the Building Opportunity for the Majority initiative to foster innovative development projects with public and private sector partners that will focus on six main areas: identity registration, microfinance, job training, housing, basic infrastructure and access to modern technologies for low income communities.
The Inter-American Development Bank is the oldest and largest regional development bank in the world and the primary source of multilateral financing for Latin America and the Caribbean. Its mission is to promote social and economic development, reduce poverty and strengthen democratic institutions in countries in the region.
October 17th was declared the International Day for the Eradication of Poverty by the United Nations in 1993. During the 2005 High Level Summit at the U.N., most heads of state from the region reiterated their commitment to implement policies to achieve the Millennium Development Goals aimed at eradicating poverty in all dimensions. In addition to the efforts at the country level, these goals require both increased international development assistance and financial support and expanded access to global markets.