India should become a member of IDB

Inter-American Development Bank (IDB) assists several projects in all its 26 member countries of Latin America and the Caribbean – from Mexico down to Argentina. It has 22 non-borrowing members who provide capital. These members include  Israel, China and South Korea. India is not a member. If India becomes a non-borrowing member by subscribing to the capital of the bank, it can become eligible to bid for supplies of goods and services for IDB financed projects.

India is a member of the African Development Bank. In the same way it should try to become a member of the ADB. This would help Indian exporters to export their products and services to projects assisted by IDB in Latin America and Caribean region.

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