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The In­ter-Amer­i­can De­vel­op­ment Bank Group (IDB Group) Wednes­day opened its first of­fice in the Unit­ed States out­side of Wash­ing­ton D.C., as part of ef­forts to ad­vance pri­vate-sec­tor-led de­vel­op­ment and strength­en the fi­nan­cial in­sti­tu­tion’s role in con­nect­ing glob­al in­vestors with op­por­tu­ni­ties in Latin Amer­i­ca and the Caribbean (LAC).

“Mi­a­mi is where in­vestors are, where de­ci­sions are made, and where deals are struc­tured,” said IDB Group Pres­i­dent Ilan Gold­fa­jn.

“By be­ing here, we can bring in­vest­ment in­to Latin Amer­i­ca and the Caribbean and al­so bring op­por­tu­ni­ties from the re­gion to glob­al in­vestors, scal­ing pri­vate-sec­tor-led de­vel­op­ment on both sides,” he added.