IDB - Foreign Exchange ControlsIDB - Foreign Exchange
The IDB recognizes Article XIV of the Articles of Agreement of the International Monetary Fund, which allows countries to maintain restrictions on payments and transfers for international transactions in order to promote a stable exchange rate for the settlement of the country’s balance of payments.
Project Procurement
Whether from borrowing country government to primary contractor, or from primary contractor to subcontractor or supplier, payments to or from countries that implement foreign exchange controls will be subject to those controls. To learn about foreign exchange controls in countries of interest to your firm see the “Foreign Exchange Controls” section of each country’s Country Commercial Guide.
Corporate Procurement
The IDB Group itself procures consulting and advisory services. Payments are made by the IDB Group directly to the consultant and foreign exchange controls are not a concern.
Private Sector Solutions
The IDB Invest or the private sector lending arm of the Bank utilizes a number of different financial vehicles, including loans, equity investments, venture capital positions, and others. When considering involvement in an IDB Invest-supported project, American firms should take care to ensure that foreign exchange controls of the host country will not prevent host country entities from meeting foreign currency liabilities, or prevent foreign entities from repatriating profits Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Project Procurement
Whether from borrowing country government to primary contractor, or from primary contractor to subcontractor or supplier, payments to or from countries that implement foreign exchange controls will be subject to those controls. To learn about foreign exchange controls in countries of interest to your firm see the “Foreign Exchange Controls” section of each country’s Country Commercial Guide.
Corporate Procurement
The IDB Group itself procures consulting and advisory services. Payments are made by the IDB Group directly to the consultant and foreign exchange controls are not a concern.
Private Sector Solutions
The IDB Invest or the private sector lending arm of the Bank utilizes a number of different financial vehicles, including loans, equity investments, venture capital positions, and others. When considering involvement in an IDB Invest-supported project, American firms should take care to ensure that foreign exchange controls of the host country will not prevent host country entities from meeting foreign currency liabilities, or prevent foreign entities from repatriating profits Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.