The executive director of the IDB's constituency for Japan, Great Britain, Portugal, Slovenia, South Korea and Croatia, Gerald Duffy, was presenting the IDB and its possibilities to Croatian entrepreneurs in Zagreb on Tuesday.
He called on Croatian companies to consider doing business in Latin America and the Caribbean, notably in energy, transport, environmental protection, education and agriculture, using what the IDB had to offer.
The Washington-based IDB is one of the oldest regional banks with more than $170 billion in capital, which means that it will have funds to lend for projects in Latin America and the Caribbean for another 10-15 years, Duffy said.
Last year, the IDB approved $12 billion for 169 projects in that region.
Croatian Assistant Finance Minister Maroje Lang also called on Croatian companies and institutions to apply for the IDB's tenders.
He said Croatia's problems with public finances and the deficit, resulting from a five-year recession, could be solved only by increasing economic activity at home and abroad.