Summer 2013 Fellow: Francisco Cortez
Faculty Mentor: Alberto Diaz-Cayeros
The Inter-American Investment Corporation (IIC) is a multilateral investment institution that is part of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote economic development in its regional developing member countries by fostering the establishment, expansion, and modernization of private enterprises in a manner complementing the activities of the IDB, with the focus on small and medium-size enterprises.
The Corporation works in close cooperation with the IDB Group in its efforts to promote private sector development, mounting joint activities designed to broaden support for the private sector in the regional developing member countries. Essentially, this cooperation involves project identification in the areas of agriculture, manufacturing, forestry, tourism, infrastructure, health, education, technological enhancement, risk management, and any other areas in which there are existing IDB programs; joint technical cooperation agreements to help companies gain access to international capital markets; joint efforts to identify investment promotion mechanisms; and administrative support through regional offices.
Over the course of more than 25 years of work, the IIC has become a reliable partner and effective catalyst for economic development in the Latin American and Caribbean region. The IIC is committed to providing small- and medium-size enterprises with greater access to financial resources and technical assistance to expand and improve their operations, create jobs, and promote environmental and social sustainability. That commitment has enabled the IIC to serve its market of more than a million SMEs, which, to date, have benefited from a total of over US$4.4 billion in direct and indirect IIC loans.
- A long term research project. Fellows may be assigned to do a qualitative assessment of the group’s fund investments.
- Side support for the team, such as note taking in calls, market research, fundraising research, and potentially carrying out a valuation.
- Shadowing their supervisor in meetings and calls to get a sense of the higher level work that is done by the team such as contacting fund managers.
This fellowship requires a working proficiency in Spanish.