Inter-American Development Bank

“In Many Companies, Audit Is Still Very Reactive; It’s Often The Last To Know What’s Going On”

Pablo Pardo| The Inter-American Development Bank Group (IDB) comprises 48 countries, has four official languages, and is the largest provider of development aid in the region. Its annual loan portfolio was around $15 Bn (more than €12 Bn) before the outbreak of Covid-19, which has boosted the institution’s activity due to the ravages of the pandemic in Latin America and the Caribbean. The Canadian-Brazilian Jorge da Silva has been the IDB’s Executive Auditor for eight years, where he heads a unit of 30 people dedicated to internal auditing.


“A debt crisis in LatAM is still on the very distant horizon”

For the last four years, Jose Juan Ruiz has been chief economist at the Inter-American Development Bank (IDB), the largest multilateral development aid agency in the region, surpassing the World Bank. Despite the fact LatAm has suffered a massive shock, one of the biggest differences this time round compared to previous slowdowns is that the region has $600 billion of international reserves.