IDB Invest Sustainability Bond Presentation

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#1IDB Invest INVESTOR PRESENTATION December 2022#2CONTENTS 01 About IDB Invest 02 Our Financial Profile and Risk Management Framework 03 Our Funding Program 04 Our Approach to Sustainability#301 ABOUT US Investing in sustainable impact#401 Three Institutions, One IDB Group IDB IDB | Invest IDB LAB ABOUT US We are IDB Invest, the private sector institution of the IDB Group, a multilateral development bank committed to strengthening private sector enterprises in Latin American and the Caribbean. At IDB Invest, we finance sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development while playing a lead role in integrating ESG sustainability solutions throughout our investment process. Governments Civil society Loans Guarantees Grants Policy advice Technical Assistance Knowledge Private Sector The Innovation Laboratory Loans Guarantees Equity & Mezzanine Loans, Seed and Venture Capital Grants Advisory Services Common shareholders Aligned governance & strategy Knowledge Networks Open Innovation We manage the IDB's private sector portfolio IDB provides us administrative services 4#501 Shareholder Overview Member Countries and Voting Power REGIONAL MEMBER COUNTRIES OTHER MEMBER COUNTRIES Argentina 12.1% 0.5% Austria Bahamas 0.2% 0.2% Belgium Barbados 0.2% 3.1% Canada Belize 0.1% 0.01% Croatia Bolivia 1.0% 5.3% China Brazil 10.9% 0.7% Denmark Chile 3.1% 0.6% Finland+ Colombia 3.1% 2.0% France Costa Rica 0.5% 1.1% Germany Dom. Rep 0.7% 0.3% Israel Ecuador 0.7% 3.0% Italy El Salvador 0.5% 3.8% Japan Guatemala 0.6% 4.7% Korea Guyana 0.2% 0.7% Netherlands Haiti 0.4% 0.6% Norway Honduras 0.5% 0.2% Portugal Jamaica 0.4% 0.01% Slovenia Mexico 7.7% 4.3% Nicaragua 0.5% 0.6% Spain Sweden Panama 0.6% 1.4% Switzerland Paraguay 0.5% 14.9% United States Peru 3.2% Suriname 0.1% Trin. & Tobago 0.3% Uruguay 1.3% Venezuela 3.2% ABOUT US 5#601 What We Offer We support our clients by providing finance solutions, advisory services and knowledge that meet the evolving demands of the regions private sector. Finance Solutions Advisory Services Knowledge • Loans Guarantees Climate change • Publications ° Gender, diversity • Equity and mezzanine ° • Resource mobilization ° Blended finance and inclusion MSMEs Public-private partnerships Digitalization Sustainability and Conferences and workshops Market trends Feasibility studies Regional/sectorial expertise Financial Intermediaries OUR SECTORS ABOUT US Infrastructure Corporates Financial Institutions Energy Agribusiness Non-Bank Transport Manufacturing Financial Institutions Investment Funds Water and sanitation Social infrastructure ΠΗ Tourism Telecommunications media and technology#7Building a more inclusive textile supply chain in Honduras Category: Social Sub-category: Employment generation and programs to alleviate unemployment from socio-economic crises CASE STUDY Elcatex Honduras ING 1 POVERTY 5 GENDER EQUALITY 8 DECENT WORK AND ECONOM GROWTH M AND INFRASTRUCTURE Approved amount: Allocated amount: Total mobilization: $64M $64M $32M 10 NEQUALITIES REDUCED As of 2021, the project has achieved the following results: About 5,000 new jobs created, surpassing the target of 3,200. Approval Year: 2020 Disbursement Year: 2021 379 SME suppliers integrated into the value chain, 92% of the total expected. Elcatex increased its sales by 24% between 2019 and 2021. The new plant became operational in September 2021 and is expected to reach capacity by 2022 and exceed its targets including for production and exports. 17 PARTNERISH PS FOR THE GOALS 7#802 20 OUR FINANCIAL PROFILE AND RISK MANAGEMENT FRAMEWORK All figures are expressed in million US dollar as of Sept 2022, unless otherwise stated.#902 22 23% Liquid assets USD 1.930 Loans, Debt Securities, and Equity Investments* 71% USD 6.050 Other assets USD 545 6% ASSETS A Solid Balance Sheet 59% Borrowings USD 4.989 (*) Net of USD 215 million allowance for credit losses. Total equity Investments: USD 295 million Total Capital 32% USD 2.766 Other Liabilities USD 770 9% LIABILITIES AND CAPITAL OUR FINANCIAL PROFILE AND RISK MANAGEMENT FRAMEWORK AAA FITCH (Stable) AA+ S&P (Stable) Aal MOODY'S (Stable) 6#1022 02 Strong Financial Profile AAA Rated Peer Comparison IDB-Invest RAC-Ratio 31% 22% IDB Invest 31% 34% OUR FINANCIAL PROFILE AND RISK MANAGEMENT FRAMEWORK Multilateral Assets (USD Millions) S&P Long Term Issuer Rating 7.551 AA+ IADB 151.752 AAA EBRD 74.773 AAA IFC 105.264 AAA Source: S&P Global Ratings "Supranational Special Edition. October 2022" Data as of December 31, 2021, except for IFC, whose data are as of June 30, 2021. Debt/Total Assets 12M Liquidity Coverage Ratio 75% 66% 2.4 61% 53% 1.6 1.5 1.3 Impaired Loans 5% 6.5% 2% 0.5% IADB EBRD IFC IDB Invest IADB EBRD IFC IDB Invest IADB EBRD IFC IDB Invest IADB EBRD IFC 10#1122 02 Strong Shareholder Support In 2015 the Board of Governors approved a capital increase of USD 2.0 billion: USD 1.3 billion of new contributions from member countries and USD 725 million of transfers by IDB on behalf of its member countries. 706 996 1.286 1.576 OUR FINANCIAL PROFILE AND RISK MANAGEMENT FRAMEWORK 2.736 2.665 2.593 2.521 2.326 2.126 1.866 290 290 240 240 150 50 45 2015 2016 2017 50 2018 50 110 150 150 72 2019 2020 2021 2022 2023 72 2024 71 2025 Total paid-in capital Contributions from members IDB Transfers Capital Increase Payment Schedule¹ IDB Invest operates exclusively with 100% paid-in capital 1 Figures in USD millions. IDB transfers are subject to annual approval by IDB's Board of Governors 11#1222 02 OUR FINANCIAL PROFILE AND RISK MANAGEMENT FRAMEWORK Strong Risk Management Framework 15% Maximum exposure to single country Risk Appetite Policy Concentration Limits 20% Maximum exposure by subsector * 5%/6% Per client & per economic group 20% Maximum exposure Equity & quasi equity Capital Adequacy Policy** Liquidity Policy** Defines minimum capital adequacy ratio (CAR) Internal models deliver capital requirements i.a. for credit and market risk CAR incorporates rating agencies' AA capital requirements • Core metric: liquidity coverage ratio (LCR) LCR time horizon >12 months LCR time horizon and liquidity haircuts consistent with rating agency criteria Leverage 3.0x Maximum Debt / Capital Market Risk Guiding principle: match the structure of assets and liabilities: tenor, interest rate and currency risk Market risk exposures are managed with Value at Risk and DV01 limits Liquidity Portfolio Guidelines 4 years Maximum liquidity portfolio duration A Minimum rating required Limits are based on a concept of allocated capital. Exempt for clients under Economic Group which is based on total exposure *Except for Financial Institutions sector (60%) 12#1322 02 High Quality and Diversified Development Portfolio 2,446 1,690 6,050 5,384 4,177 964 27 30 31 32 25 31 2017 2018 2019 2020 2021 Q32022 ■Development Portfolio Impaired Loans 2.2% NPL 1.7% 1.3% 0.8% 0.6% Ratio 0.5% 5.2% 4.8% Provisioning Ratio 4.8% 4.3% 4.2% 4.3% NPL Ratio: Loans and debt securities past due for more than 90 days Provisioning Ratio: loan loss allowance/loans and debt securities at amortized cost Development Portfolio By Sector 24% Infrastructure 31% Corporate 44% Financial Institutions OUR FINANCIAL PROFILE AND RISK MANAGEMENT FRAMEWORK 14% Mexico Development Portfolio By country 8% Guatemala 8% Colombia 8% Peru 15% Chile 14% Brazil 13 All other countries show exposures below 5% Country and Sector Breakdown per Year End 2021#14Bolstering the productivity and sustainability of the pulp and paper industry in Brazil Category: Green Sub-category: Renewable energy CASE STUDY KLABIN Brazil Approved amount: Allocated amount: Total mobilization: $180M $13.7M $267.6M By the end of 2021, the following results have been achieved (vs. 2018): 1,673 new permanent jobs created 60% increase in wood produced by its own plantations Approval Year: 2019 Disbursement Year: 2020 60% increase in wood supplied by local farmers Volume of production of pulp and paper (in tons) increased 15% and 87%, respectively. US$1.1 billion in export sales Installed power capacity for renewable energy generation increased from 384 MW to 530 MW. 7 8 AFFORDABLE AND CLEAN ENERGY DECENT WORK AND ECONOMIC GROWTH M 9 MOUSTERY INNOVATION AND IFRASTRUCTURE 12 RESPONSABLE CONSUMPTION AND PRODUCT ON QO 17 PARTNERSHIPS FOR THE GOALS 14#1503 FUNDING PROGRAM#1603 60 Funding Strategy • 2022 Funding Program: USD 2.5bn USD benchmark issues Public issues in strategic markets MTNs in selected currencies and tenors Local currency issues to fund local projects Most borrowings are swapped into US dollar variable-rate Promote secondary market liquidity through underwriters Funding Programs International Programs Global Program (SEC Exempt) AUD (Kangaroo) Program FUNDING PROGRAM Local Currency Programs Euro CP Program Costa Rica Dominican Republic Mexico Paraguay Outstanding Borrowings By Currency USD 75% C AUD 14% MXN 7% COP 3% Others 1% 16#1732 03 Recent Benchmark Issues FUNDING PROGRAM 2021 USD 1 billion 5-Year Fixed Rate Su lity Bo Allocation by geography 2022 AUD 300 million 5-Year Fixed Rate Green Bond Allocation by geography 2022 USD 1 billion 3-Year Fixed Rate nability Bond Allocation by geography 2022 EUR 650 million 5-Year Fixed Rate Social Bond Allocation by geography EMEA 58% EMEA 71% EMEA 29% Other Europe 12% Benelux 22% Germany 10% Americas 23% Americas 1% Americas 37% France 10% Switzerland 21% APAC 19% APAC 28% APAC 34% UK/Ireland 11% Asia 14% Allocation by Investor Type Allocation by Investor Type Allocation by Investor Type Allocation by Investor Type Banks Banks Others Banks 7% 3% IC 15% 1% AM 13% Banks 6% Others 4% IC 1% AM 25% 20% ပး IC 6% AM AM 26% 11% CB/OI CB/OI CB/OI 76% 59% 78% CB/OI 49% 17#1804 OUR APPROACH TO SUSTAINABILITY We believe that impact investing is the future of our region.#1904 Strategic Priorities Aligned with Sustainable Development Goals M Productivity and Innovation Regional Value Chains Gender Equality and Diversity QUALITY AFFORDABLE AND DECENT WORK AND DECENT WORK AND EDUCATION CLEAN ENERGY ECONOMIC GROWTH ECONOMIC GROWTH INDUSTRY, INNOVATION AND INFRASTRUCTURE PARTNERSHIPS FOR THE GOALS 10 INEQUALITIES REDUCED INDUSTRY. INNOVATION AND INFRASTRUCTURE Climate Change and Environmental Sustainability GENDER EQUALITY SUSTAINABLE CITIES AND COMMUNITIES 1 4 LIFE 14 BELOW WATER RESPONSIBLE 12 CONSUMPTION AND PRODUCTION 15 ONL ON LAND OUR APPROACH TO SUSTAINABILITY Social Inclusion and Equity Digitalization CLIMATE NO ACTION 1 POVERTY QUALITY 4 EDUCATION ZERO HUNGER SSS 6 CLEAN WATER AND SANITATION GOOD HEALTH AND WELL-BEING 10 REDUCED INEQUALITIES DECENT WORK AND ECONOMIC GROWTH INDUSTRY, INNOVATION AND INFRASTRUCTURE 19#2004 • 100% Committed to Sustainability OUR APPROACH TO SUSTAINABILITY KEY SUSTAINABILITY TARGETS* 100% of new projects aligned with Paris Climate Agreement from 2023 on 30% of new financing to support climate change mitigation and/or adaptation 40% of new projects to support climate change mitigation and/or adaptation 25% of new projects to support Gender Equality 5% of new projects to support Diversity and Inclusion • REPORTING AND IMPACT MANAGEMENT First development bank in Latin America and the Caribbean to deliver a TCFD Disclosure in its Annual Report, including Scope 1, 2 and 3 GHG emissions Annual IDB Group Sustainability Report and GRI-Annex following the standards of the Global Reporting Initiative. Founding signatory of the Operating principles for Impact Management CORPORATE SUSTAINABILITY IDB Group is carbon neutral since 2006 Headquarters Buildings received LEED Platinum certification (top level); several country offices LEED Certified. Commitment to Gender Equality: Second Multilateral Development Bank worldwide and first in the Americas to receive EDGE Move Certification. 38% of staff in mid- and senior level positions are women. EXTERNAL ASSESMENTS AND ESG INDICES SUSTAINALYTICS- a Morningstar company RATED 09/2022 DZ BANK SEAL OF QUALITY FOR SUSTAINABILITY Inter-American Investment Corp. S&P Green Bond Index Bloomberg * Select organizational targets according to the IDB Group Corporate Results Framework (CRF). For more information on the CRF visit https://crf.iadb.org/en/2020-2023/level-3?institution=all&status=all&year=2021 1 4 20#2104 Knowledge management / Analytics (DEA) 5 Implementing operational findings Selectivity Tools Selecting the right projects and clients 2 Assessing potential impact and designing projects for results Managing and evaluating the portfolio for impact 4 Generating and transferring knowledge 3 IES/Studies / Communications DELTA/F DELTA / XSR OUR APPROACH TO SUSTAINABILITY 79 Impact Management Framework Objectives Select operations in line with our mandate as a development bank Ensure 100% operations are structured to be strategically relevant, effective, and measurable Manage our portfolio to maximize impact and sustainability Foster continuous learning from our operations Ensure accountability to stakeholders 21#2204 OUR APPROACH TO SUSTAINABILITY Our Sustainability Policy and Practices Environmental and Social Sustainability Policy (Updated Dec 2020) a. The IFC Performance Standards b. The World Bank Group's Environmental, Health and Safety (EHS) Guidelines c. IDB Invest Exclusion List Corporate Governance Development Framework Access to Information Policy Independent Consultation and Investigation Mechanism 22 22#2304 CATEGORIES OUR APPROACH TO SUSTAINABILITY Our Sustainable Debt Framework Green Finance projects with environmental impact DEBT PRODUCTS thi Social Finance projects with social impact Sustainability Finance projects with environmental and social impact Public Bond Offerings Local Currency Bonds Private Placements Commercial Paper ALIGMENT The The Green Bond Principles Social Bond Principles 23#2404 Second Party Opinion "... IDB Invest Sustainable Debt Framework is aligned with the four components of the Green Bond Principles 2018 and Social Bond Principle 2020 "1 "... In our assessment, the bonds issued via this framework will provide an ‘advanced' contribution to sustainability ..." IDB Invest 0 ABOUT US idbinvest.org OUR APPROACH TO SUSTAINABILITY C PROJECTS COUNTIES SECTORS SOLUTIONS IMPACT SUSTAINABILITY INVESTORS Search on DB invest Contact Us → V.E SECOND PARTY OPINION on the sustainability of IDB Invest's Sustainable Debt Framework V.E is of the opinion that IDB Invest's Sustainable Debt Framework is aligned with the four core components the Green Bond Principles 2018 and the Social Bond Principles 2020. Framework Contribution to Sustainability: Weak Limited Robust Advanced Expected impacts Advanced ESG risks management Advanced Limited Robust Weak SDG Mapping 2 4 5 10 11 12 L 13 15 17 Characteristics of the Framework Project Categories Green: 6 categories Social: 4 categories divided in 7 subcategories Latin America Project locations Existence of framework Share of refinancing Look back period Yes To be communicated for each issuance No more than 24 months in each issuance 24#2504 Use of Proceeds SOCIAL PROJECT CATEGORIES OUR APPROACH TO SUSTAINABILITY GREEN PROJECT CATEGORIES 1. Affordable basic infrastructure 2. Access to essential services 3. Food security and sustainable food systems 4. Employment generation and programs to alleviate unemployment from socio-economic crises 5. Socio-economic advancement and improvement 1. Renewable energy 2. Energy efficiency 3. Clean transportation 4. Environmentally sustainable management of living natural resources and land use 5. Climate change adaptation and climate resilience 6. Sustainable water and wastewater management 21 25 25#2604 $ mdila Management of Proceeds $ 0 COMMITMENT TO ALLOCATE FUNDS WITHIN 24 MONTHS SHARE OF REFINANCING TO BE DISCLOSED LOOK-BACK PERIOD: 24 MONTHS OUR APPROACH TO SUSTAINABILITY 27#2704 01 ORIGINATION Project Evaluation And Selection Process 02 CLIENT ENGAGEMENT 03 APPROVAL 04 CLOSING & FIRST DISBURSEMENT OUR APPROACH TO SUSTAINABILITY 05 SUPERVISION & RECOVERY ESG AND DEVELOPMENT IMPACT DUE DILIGENCE EMBEDDED IN EVERY STEP OF THE PROJECT CYCLE* Strategic selection using the Selectivity Tool Screening against exclusion list Request to the client to commit to comply with IDB Invest Environmental and Social policy and practices Obtain information about the Client's assets and management of E&S risks and impact; Assign a project categorization based on E&S risk; Conduct a site visit to the project's area of influence; Assess the project against IDB Invest Sustainability Policy requirements; Prepare an Environmental and Social Review Summary (ESRS) and E&S Action Plan (ESAP); Define impact indicators with DELTA tool; Public Disclosure: the Investment Summary, ESRS and ESAP are disclosed on our website prior to IDB Invest Board approval. The legal agreement includes standard E&S conditions, specific ESAP requirements and impact indicators tied to milestones. Prior to each disbursement, IDB Invest verifies E&S conditions and ESAP requirements for compliance. The IDB Invest portfolio management and E&S Teams supervise the Client's compliance with E&S requirements, ESAP conditions and track impact indicators on a regular basis. * IDB Invest performs ESG due diligence for all projects, including more than 80 new projects in 2021 alone 27#2804 2021 - Sustainable Debt Issuances USD AUD AUD Green Bonds Finance projects with environmental impact 100M 10 Years Fixed Rate 68M 10 Years Fixed Rate 50M 10 Years Fixed Rate June - 2021 September - 2021 December - 2021 Social Bonds Finance projects with social impact MXN 2.5B 3 Years Floating Rate March - 2021 AUD 400M 5 years Fixed Rate June 2021 Sustainability Bonds Finance projects with environmental and social impact USD 1.0 B 5 Years Fixed Rate Feb - 2021 $187M 12% GREEN OUR APPROACH TO SUSTAINABILITY $423M 26% SOCIAL $1B 62% SUSTAINABILITY $1.6 B 28#2904 2021 -Allocation 100% FUNDS ALLOCATED $421M 26% GREEN Socioeconomic advancement and empowerment Employment generation and programs to alleviate unemployment from socio-economic crises $799M OUR APPROACH TO SUSTAINABILITY 67,5% $257M 21,7% Access to essential $113M 9,5% services Affordable basic $9M 0,8% infrastructure Food security and sustainable $6M 0,5% food systems $1,184M 74% SOCIAL 92.1% $387M Renewable energy 4.8% $20M Energy efficiency 3.1% $13M Sustainable water and wastewater management 29#3004 2021 -Impact Social Indicators H OUR APPROACH TO SUSTAINABILITY Jobs supported by firms 72.3k MSMEs financed 570k Beneficiaries of employment support initiatives 19.4k Green Indicators Women beneficiaries of economic empowerment initiatives 16.8k Actual Expected % Farmers with improved access to agricultural services and investments 4.9k Installed power generation from 1,533 MW 2,904 MW 53% renewable energy sources Households with improved access to water or sanitation 657.2k Reduction of emissions 2.5 M Tons 52.5 M Tons 5% Energy generated - renewable 5.3 MW/h 111.3 MW/h 5% International trade promoted $3.7B Beneficiaries receiving health services 14.2k Treated wastewater (m3) 161M 167M 96% Target Populations The indicators presented herein have not been prorated for the portion of IDB Invest's contribution to the total project # Projects USD Amounts Excluded Population Low-Income Population 1 $6M MSMEs Poor population Vulnerable 32-- $121M 24 $899M 1 $38M 1 $16M 30 Women-led SMEs 4 $141M Projects may have more than one target population#3104 SDG Alignment GOOD HEALTH 3 AND WELL-BEING $5M 3 Projects Projects are usually mapped to more than one SDG 15 ON LAND $7M 3 Projects SSS 2 HUNGER ZERO SUSTAINABLE CITIES AND COMMUNITIES BE $27M 5 Projects $7M 3 Projects CLEAN WATER AND SANITATION $30M 5 Projects 1 POVERT POVERTY $33M 11 Projects DECENT WORK AND ECONOMIC GROWTH $386M 51 Projects INDUSTRY, INNOVATION AND INFRASTRUCTURE $310M 46 Projects OUR APPROACH TO SUSTAINABILITY REDUCED 10 INEQUALITIES $69M FQUALITY $105M 12 Projects 15 Projects AFFORDABLE AND CLEAN ENERGY $107M 22 Projects 17 PARTNERSHIPS FOR THE GOALS $162M 22 Projects RESPONSIBLE 12 CONSUMPTION AND PRODUCTION $120M 22 Projects 13 CLIMATE ACTION $119M 19 Projects 31#32CASE STUDY JMMB Bank Increasing access to finance for Jamaican SMEs Category: Social Sub-category: Socioeconomic advancement and empowerment Jamaica Approved amount: Allocated amount: $35M $35M 5 EQUALITY GENDER 8 DECENT WORK AND ECONOM GROWTH M INDUSTRY, INNOVATION 9 AND INFRASTRUCTURE The project is successfully helping JMMB to strengthen its SME portfolio widening access to finance for this segment. Specifically, the following outcomes have been achieved: 10 372 SMEs supported Total value of loans disbursed to SMEs is around US$87.5 million. REDUCED INEQUALITIES At the end of 2021, JMMB had an outstanding SME portfolio of US$ 168.8 Million 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO 32 Also, as a result of this transaction, JMMB Bank has developed an E&S Policy and an E&S Framework (as part of the ESMS), implemented a gender-gap analysis, provided training in diversity, and designed a gender action plan that will guide the Bank's steps to improve gender equality and diversity.#3304 Independent External Review IDB Invest ABOUT US PROJECTS COUNTRIES SECTORS SOLUTIONS idbinvest.org OUR APPROACH TO SUSTAINABILITY SUSTAINABILITY INVESTORS Q Search on IDB Invest Contact Us → "... Based on the limited assurance procedures conducted, nothing has come to Sustainalytics' attention that causes them to believe that, in all material respects, the reviewed bond projects, funded through proceeds of IDB's sustainability bonds, are not in conformance with the Use of Proceeds criteria outlined in the Framework...." "... No errors or Exceptions were identified..." IDB Invest Type of Engagement: Annual Review Date: September 21, 2022 Engagement Team: Nadia Djinnit, [email protected], (+1) 416 861 0403 Sameen Ahmed, [email protected] SUSTAINALYTICS a Morningstar company Introduction In 2020, Interamerican Investment Corporation ("IDB Invest") developed its Sustainable Debt Framework (the "Framework") aimed at financing and refinancing social and green projects related to affordable basic infrastructure, access to essential services, employment generation, renewable energy, energy efficiency, clean public transport, water efficiency and management, and climate resilience. In May 2022, IDB Invest engaged Sustainalytics to review the projects funded through sustainability bonds issued under the Framework in 2021 and provide an assessment as to whether the projects met the Use of Proceeds criteria and Reporting commitments outlined in the Framework. Evaluation Criteria Sustainalytics evaluated the projects and assets funded with proceeds from the 2021 sustainability bonds issued under the Framework based on whether the projects: 1. Met the Use of Proceeds and Eligibility Criteria outlined in the Framework; and 2. Reported on at least one of the Key Performance Indicators (KPIs) for each Use of Proceeds criteria outlined in the Framework. 33 33#34In summary, our bonds represent a unique investment opportunity that combines the strength of IDB Invest as a member of the IDB Group with strong shareholder support, a solid financial profile and top credit ratings, With a demonstrated commitment to the development of sustainable enterprises in Latina American and the Caribbean 34#35Join us in building tomorrow, today. Funding Team Management Eusebio Garre Treasury - Head of Funding [email protected] Tel.: 202 623 1626 Orlando Ferreira Chief, Finance and Administration - CFO Monica Landaeta Treasury - Lead Funding Officer [email protected] Tel.: 202 623 3160 Janne Sevanto Treasurer Website: www.idbinvest.org Bloomberg: IDBINV Corp <GO> LinkedIn: www.idbinvest.org/linkedin Twitter: www.idbinvest.org/twitter Facebook: www.idbinvest.org/facebook Blog: www.idbinvest.org/blog#36THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY PROVIDED AS INFORMATION ONLY. THIS PRESENTATION MAY NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO A POTENTIAL INVESTOR. BY ATTENDING THE PRESENTATION OR BY READING THE PRESENTATION SLIDES YOU ACKNOWLEDGE AND AGREE TO THE FOLLOWING: This document and its contents are confidential and proprietary to the Inter-American Investment Corporation ("IDB Invest") and may not be reproduced, redistributed, published or passed on (or the contents otherwise divulged) to any other person, directly or indirectly, in whole or in part, for any purpose. This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This presentation and the information contained herein are not an offer of securities for sale in the United States or any other jurisdiction. This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to sell securities of IDB Invest, or the solicitation of an offer to subscribe for or purchase securities of IDB Invest, and nothing contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to purchase any securities of IDB Invest should be made solely on the basis of the final terms and conditions of the securities and the information to be contained in the prospectus or equivalent disclosure document produced in connection with the offering of such securities. Prospective investors are required to make their own independent investigations and appraisals of IDB Invest and the nature of the securities before taking any investment decision with respect to securities of IDB Invest. The prospectus (or equivalent disclosure document) may contain information different from the information contained herein. The information in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the presentation and the information contained herein and no reliance should be placed on such information. None of IDB Invest, their advisers, connected persons or any other person accepts any liability for any loss howsoever arising, directly or indirectly, from this presentation or its contents THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS RESIDENT OR LOCATED IN ANY JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION. This presentation includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward looking terminology, including the terms "anticipates", "believes", "estimates", "expects", "aims", "continues", "intends", "may", "plans", "considers", "projects", "should" or "will", or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places and include, but are not limited to, statements regarding the Issuer's intentions, beliefs or current expectations concerning the Issuer's economy. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results, performance, achievements or industry results of IDB Invest's economy may differ materially from those described in, or suggested by, the forward-looking statements contained in this presentation. THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS RESIDENT OR LOCATED IN ANY JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION. If you are not permitted to view materials or are in any doubt as to whether you are permitted to view these materials, please refrain from viewing them. These materials must not be, released or otherwise forwarded, distributed or sent in or into any jurisdiction in which such offers, or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from any jurisdiction in which such offers, or sales are unlawful. Confirmation of understanding and acceptance of disclaimer I warrant that I am not located in any jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials to any person in any territory where to do so would breach applicable local law or regulation. I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to view the materials.

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