Inter-American Development Bank (IDB) and Intesa Sanpaolo have signed a memorandum of understanding aiming at strengthening their cooperation in Latin America and the Caribbean to support Italian enterprises considering to develop their activity in the area.

By this memorandum, IDB and Intesa Sanpaolo are aiming to strengthen their cooperation in number of segments such as the support of international trade between the countries and co-financing of public and private sector infrastructure projects.

They will also consider services and products to support Italian SMEs considering an investment in LAC, identifying actions to sustain the bank sector to expand finance coverage and market penetration.

IDB is one of the main sources of multilateral financing and expertise for the economic, social and institutional development in Latin America and the Caribbean.

The IDB Group is composed of Inter-American Development Bank, Inter-American Investment Corporation (IIC) and Multilateral Investment Fund (MIF).