IDB Going Native

The IDB’s private sector arm, headed by Hans Schulz, is looking to build up a domestic presence in Latin America, and hopes to have a third of its staff based locally by the end of next year, Schulz tells LatinFinance. “We want to be present in 10 countries in the region,” says Schulz. He adds that he would like to see up to 25 of his staff present in the region at any given time. Working with corporate borrowers, a new mandate for the IDB, will demand a larger presence in the region, says Schulz.