Luis Alberto Moreno - Statement by Luis Alberto Moreno at the 101st Meeting of the Development Committee - April 17, 2020

Jul 19, 2026

Statement by Luis Alberto Moreno, President of the Inter-American Development Bank Group, at the 101st Meeting of the Development Committee held virtually on April 17, 2020. The statement thanks observers and outlines IDB Group support for COVID-19: immediate public health response, safety nets for vulnerable populations, protection of the productive sector and employment, and fiscal management to mitigate economic impacts. It highlights reallocated resources, health supplies, financing and policy dialogues, private-sector engagement, and projected 2020 lending and disbursements.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

Statement by Luis Alberto Moreno

COVID-19 response priorities and support areas

Resource levels, lending/disbursement outlook, and coordination

Public Disclosure Authorized Public Disclosure Authorized DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors ofthe Bank and the Fund on the Transfer of Real Resources to Developing Countries) ONE HUNDRED AND ONE MEETING WASHINGTON, DC – APRIL 17, 2020 (VIRTUAL) DC/S/2020-0002 April 17, 2020 Statement by Luis Alberto Moreno President Inter-American Development Bank Group Statement by Luis Alberto Moreno President Inter-American Development Bank Group 101st Meeting of the Development Committee April 17, 2020 Washington, DC (VIRTUAL) On behalf of the Inter-American Development Bank Group (IDB Group), I would like to express my sincere appreciation for the invitation to participate as an Observer in the 101st Meeting of the Development Committee. In close consultation with our Governors and Board of Executive Directors, we have been focusing on deploying financial and technical resources to our member countries to address the unprecedented global crisis created by COVID-19. The IDB Group is focusing its support on the following four areas: • The Immediate Public Health Response: Support for countries’ preparedness and response capacities to help contain the transmission of the virus and mitigate its impact, with resources to strengthen public healthcare systems and purchase supplies and equipment. The initial efforts in this area have resulted in redirecting $251 million in 9 countries, procurement contracts of $90 million for diagnosis and case management, increasing capacity of health service provision and interrupting the transmission with the purchase of 7.2 million masks, 47.5 million personal protective equipment, 300,000 diagnostic tests and 1,556 ventilators1. • Safety Nets for Vulnerable Populations: Measures to protect the income of the most affected populations through existing transfer programs, non-contributory pensions and grants. Other proposed measures include extraordinary transfers to workers in the informal sector and support for companies in sectors particularly affected by the crisis, such as tourism. • Protection of the productive sector and employment: Assistance to SMEs, which account for 70% of the region’s jobs, through financing programs and short-term liquidity guarantees, foreign-trade financing and guarantees, loan restructuring, and support for strategic supply chains. • Public policies and Fiscal Management for the Amelioration of Economic Impacts: Support to countries in designing and implementing policies in three key areas: fiscal measures to finance the 1 Data as of April 10, 2020 response to the crisis; continuity plans for the execution of expenditures and public procurement; and measures to support economic recovery. The historic dimensions of the crisis require a multisectoral strategy that helps mitigate the social and economic impact over the medium and long term. These lines of action reflect the priorities of our governments and the deep knowledge that our specialists bring to bear on the specific challenges facing each of our countries. An effective dissemination of knowledge and experiences across both borrowing and non-borrowing member countries will play a critical role in addressing COVID-19 and its multi-faceted impact. The IDB Group is uniquely positioned to achieve this by leveraging our presence and experience in Latin America and the Caribbean. We created the Coronavirus Hub ([https://www.iadb.org/en/coronavirus](https://www.iadb.org/en/coronavirus)) as a platform for sharing real-time updates and resources to help the region navigate the social, health-related, and fiscal implications ofCOVID-19. This is enabling us to share content generated by the IDB Group but also curate that of other regional and global partners. To complement this effort, the IDB has deployed its entire network of regional policy dialogues at the service of solutions to address the pandemic, to discuss with policy

FAQs

What is the purpose of the statement by Luis Alberto Moreno?

It presents the IDB Group’s approach and priorities for supporting member countries in addressing the COVID-19 crisis at the 101st Meeting of the Development Committee.

What four support areas does the IDB Group focus on?

Immediate public health response, safety nets for vulnerable populations, protection of the productive sector and employment, and public policies and fiscal management to lessen economic impacts.

How does the statement describe IDB Group financial support in 2020?

It estimates new lending exceeding $17.6 billion during 2020 and expects aggregate loan disbursements to exceed $16.9 billion, setting a record in its 60 years of operations.

Jul 19, 2026

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