Overview

Inter-American Development Bank (IDB)

Policy-Based Guarantees​ (PBG)

Risk Covered:
Credit Risk, Political Risk, Currency Risk, Transfer & Convertibility Risk
Region:
Latin America, Caribbean
Lending currency:
USD, EUR, CHF, JPY

About this guarantee

Last updated: August 2025

Overview


The IDB issues the guarantee after the fulfillment of a Policy Reform Program. These guarantees enable access to international markets, with the added benefit of receiving Technical Cooperation resources. The IDB supports a series of reforms to be carried out by the Government, in exchange for which it issues a guarantee allowing the Government to obtain financing in capital markets.