Enterprise for the Americas Multilateral Investment Fund

Enterprise for the Americas Multilateral Investment Fund At A Glance

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The Enterprise for the Americas Initiative Multilateral Investment Fund manages global contributions aimed at fostering conditions favorable to investment in Latin American and Caribbean countries.

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The Enterprise for the Americas Initiative Multilateral Investment Fund (MIF) is comprised of global contributions aimed at fostering conditions favorable to investment in Latin American and Caribbean countries. The MIF was part of the Enterprise for the Americas Initiative (EAI) introduced by President George H.W. Bush in 1990, which sought to provide support for new democratic leaders in Latin America through “trade, not aid.” The multilateral fund aimed to spur the investment-related parts of the initiative. Administered by the Inter-America Development Bank (IDB), one of the regional multilateral development banks, the MIF provides additional support for reforms undertaken as part of the IDB investment sector lending program. Broadly, its resources support specific market-oriented investment policy initiatives and finance technical assistance. In order to become eligible for these funds, countries must sign prerequisite agreements to set terms. The United States is a principle contributor to the MIF, along with Europe and Japan, and Congress appropriates resources to the fund on an annual basis. President Bush’s EAI was codified in Section 1738, Title 7, of U.S. Code.

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