IADB – Inter-American Development Bank

The alliance with the IADB is strategic and has meant a high added value thanks to the integration between the vision of the development agency that AECID brings (the defense of water as a human right, the importance of citizen participation, and gender equality) and the experience and technical qualification of the IADB in the management of large projects.

Due to its extensive expertise, the IADB is in charge of promoting, in coordination with AECID, the multilateral portfolio of the Water Fund. Contributions are channeled through the Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean (FECASALC), a trust fund established between the Government of Spain and the IADB.

The multilateral portfolio is endowed with 397 million euro in donations from Spain, which, together with the IADB’s activity, broadens and multiplies the impact. Multilateral programs are implemented through an operational regulation and a coordination guide, following the criteria for action of the Spanish Cooperation.