IDB Lab

IDB Lab is the innovation laboratory of the Inter-American Development Bank Group, based in Washington, D.C. Established in 1993, it focuses on fostering economic growth and reducing poverty in Latin America and the Caribbean. The agency supports private sector development by encouraging increased private investment and creating opportunities for disadvantaged populations. As a key component of the IDB Group, IDB Lab plays a crucial role in promoting development through innovative solutions that address the challenges faced by the region, ultimately aiming to improve the quality of life for its citizens.