Multilateral Investment Fund (MIF)

Multilateral Investment Fund (MIF)-

Inter-American Development Bank

Location: Multilateral Investment Fund

Inter-American Development Bank
1300 New York Avenue, N.W. Washington, D.C. 20577, USA

Contact: Phone: +1 202 942 8211

Fax: +1 202 942 8100
Email: [email protected]

International offices, contact info: link

Financed by: Inter-American Development Bank
Website: link
Finance
Finance mechanism: Grants and investments
Budget: US$2.2 billion
Funding range:
Minimum:
Maximum:
Minimum return on investment:
Period / deadlines: On-going


Aim — The Multilateral Investment Fund (MIF) supports economic growth and poverty reduction in Latin America and the Caribbean through encouraging increased private investment and advancing private sector development. It works with the private sector to develop, finance, and execute innovative business models that benefit entrepreneurs and poor and low-income households; partners with a wide variety of institutions from the private, public and nonprofit sectors; evaluates results; and shares lessons learned.

More information


Sectors


Who can apply


Type of organisations targeted


Specific organisations targeted — Micro and small businesses

Type of projects


Specific type of projects — MIF resources go towards projects falling under three main categories:

  • Business Framework
  • Enterprise Development
  • Financial Democracy

Project stadia


Target world region


Specific information on target countries — Latin America and the Caribbean

Criteria — Project characteristics:

  • Innovation: Projects should be fresh, introducing new approaches to promote private sector development and poverty reduction.
  • Demonstration Effect: Projects should have the potential of being taken to scale, or replicated in other sectors and/or countries.
  • Sustainability: Projects should have a feasible plan and strong potential for financial sustainability once MIF financing comes to an end.
  • Partnership: Projects are carried out with local partners, which are responsible for contributing between 30 to 50% of project costs.
  • Additionality: Projects must show that MIF financing is essential to their execution and is the most appropriate funding source.

How to apply


Application procedure — After making sure that the idea fits with MIF priorities, visit the Financing Opportunities section for more details. Soon, an online application form will be available to submit project ideas.

Selection procedure