The Inter-American Development Bank (IDB) has signed a memorandum of understanding (MOU) with the SNV Netherlands Development Corporation and the World Business Council for Sustainable Development (WBCSD), promoting commercial participation in public service provision, according to an IDB statement.

Through this alliance the bank aims to promote market-based solutions for the provision of water, housing, electricity and other basic services, IDB president Luis Alberto Moreno says in the statement. By this MOU, SNV and WBCSD are building on the success of their Alliance for Inclusive Business in the Central American and the Andean Regions. "This IDB partnership with SNV-WBCSD Alliance is a bold attempt to catalyze sustainable and scaleable solutions through business that will be a real boon for development in the region," says SNV regional director W. Robert de Jongh.

Web site:

• Creating inclusive business opportunities : linking local communities with big business
• SNV

Contacts: Lloyd Timberlake, WBCSD, timberlake@wbcsd.org ; W. Robert de Jongh, SNV, rdejongh@snvworld.org

Source: BNamericas.com (subscription site), 11 Sep 2007

Tags: financing, policies & legislation