IDB, World Bank, and CAF Unite to Generate Knowledge and Support Security Policies in Latin America and the Caribbean

Guayaquil, August 19, 2024. The Inter-American Development Bank (IDB), the World Bank, and CAF-development bank of Latin America and the Caribbean-have agreed to collaborate and cooperate more closely to generate knowledge and support public policies related to transnational organized crime in Latin America and the Caribbean.

The agreement was announced during the Regional Security Summit organized by the Ecuador's Ministry of the Interior and the IDB in Guayaquil on August 19 and 20. Ecuadorian President Daniel Noboa, Interior Minister Mónica Palencia, and interior and justice ministers from 13 countries in the region participated in the summit.

The agreement lays out five potential domains of collaboration: knowledge and research production and dissemination; academic collaboration and development; policymaker and expert engagement; statistical integration and standardization; and policy support and resource mobilization. The final domain involves exploring opportunities for collaboration and synergies to support the implementation of crime prevention policies (including through platforms, networks, co-financing, and capacity development) and to mobilize resources to advance efforts in combating criminal violence in Latin America and the Caribbean, particularly focusing on organized crime.

"The grave security crisis in Latin America and the Caribbean has deepened as crime becomes increasingly organized and regional. This new partnership between the IDB, the World Bank and CAF will build bridges within and beyond the region to coordinate the efforts of countries, multilateral development banks and other partners to make it a safer place for everyone," said IDB President Ilan Goldfajn.

"Violence and organized crime in Latin America and the Caribbean pose serious obstacles to development. Addressing these critical challenges is essential to spur economic growth, eradicate poverty, and foster societies free of violence," said Carlos Felipe Jaramillo, World Bank vice president for the Latin America and the Caribbean Region. He added, "This agreement will allow the three development agencies to work with each other and with countries to find solutions that will improve lives in the region."

"The alarming reality is that one-third of all homicides worldwide are committed in Latin America and the Caribbean, a region home to only 9 percent of the global population. A major culprit of this surge in violence is organized transnational crime, which affects the lives of millions in our region," said Sergio Díaz-Granados, executive president of CAF - the Development Bank of Latin America and the Caribbean."To tackle this paradigm shift in crime, we need to understand it better. We are confident that this multilateral agreement between the World Bank, the IDB, and CAF will yield the comprehensive insight into this issue. One thing is certain: without security in our countries, there can be no sustainable development."

After signing the agreement, the three institutions will create a roadmap to chart their progress towards its objectives.

About the IDB

The Inter-American Development Bank, a member of the IDB Group, is devoted to improving lives in Latin America and the Caribbean. Established in 1959, the IDB partners with the public sector in the region to design and provide innovative, high-impact solutions for sustainable and inclusive development. Through financing, technical experience, and knowledge, it drives growth and well-being in 26 countries. Visit our website at https://www.iadb.org/en.

About the World Bank

The World Bank has a bold vision: to create a world free of poverty on a livable planet. The World Bank provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global development challenges. The World Bank is one of the largest sources of funding and knowledge for developing countries. It consists of the International Bank for Reconstruction and Development (IBRD), a global development cooperative owned by 189 member countries, and the International Development Association (IDA), which provides grants and zero- or low-interest loans to fight extreme poverty in the world's 75 poorest and most vulnerable countries. For more information, please visit www.worldbank.org

About CAF

CAF -development bank of Latin America-has as its main mission to promote sustainable development and regional integration by providing financing to public and private sector projects, technical cooperation, and other specialized services. Founded in 1970 and currently comprising 21 countries -19 in Latin America and the Caribbean plus Spain and Portugal- as well as 13 private banks, CAF is one of the main sources of multilateral financing and a major generator of knowledge for the region. For more information, please visit www.caf.com

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