Established in 1959, the Inter-American Development Bank (“IDB” or “Bank”) works to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, IDB helps improve health and education, and advance infrastructure. It aims to achieve development in a sustainable, climate- friendly way. It is today the leading source of development financing for Latin America and the Caribbean, providing loans, grants, and technical assistance, and conducting extensive research. The IDB maintains a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.
The Inter-American Investment Corporation (“IDB Invest”) is a member of the Inter-American Development Bank Group committed to the development of Latin America and the Caribbean through the private sector. IDB Invest supports the private sector and state-owned enterprises through financing in the form of loans, equity investments, and guarantees. Further, IDB Invest provides advisory and training services.
The Administrative Tribunal of the Inter-American Development Bank Group (“Administrative Tribunal” or “Tribunal”), established by the Board of Executive Directors of the IDB in 1981, hears and passes judgment upon any application by which an employee of the Bank or of IDB Invest alleges non-observance of his or her contract of employment or terms and conditions of appointment. In the context of this mandate, the Administrative Tribunal has reviewed, on average, 1 to 5 applications per year.
The Statute of the Administrative Tribunal, approved by the Board of Executive Directors of the IDB, established that the Administrative Tribunal shall be composed of seven members. Members of the Tribunal are persons of recognized professional competence and integrity who have the necessary qualifications to occupy a similar position in the highest judicial courts of their countries or who are jurisconsults of recognized competence.
Members of the Tribunal are appointed by the Board of Executive Directors of the IDB from a list of candidates presented to it by a nominating committee.