# EDGAR Filing Document

**Accession Number:** 0000311670
**File Stem:** 0001193125-23-039941
**Filing Date:** 2023-2
**Character Count:** 24639
**Document Hash:** 054b91adad69fe4d3561451584eadd1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-039941.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001193125-23-039941

**CONFORMED SUBMISSION TYPE**: QRTLYRPT

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTER-AMERICAN DEVELOPMENT BANK
- **CENTRAL INDEX KEY:** 0000311670
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 526040854

**FILING VALUES:**
- **FORM TYPE:** QRTLYRPT
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 083-00001
- **FILM NUMBER:** 23634473

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 NEW YORK AVE., NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20577
- **BUSINESS PHONE:** 202-623-2682

**MAIL ADDRESS:**
- **STREET 1:** 1300 NEW YORK AVE., NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20577

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTER AMERICAN DEVELOPMENT BANK/
- **DATE OF NAME CHANGE:** 20001025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IADB
- **DATE OF NAME CHANGE:** 20000101

File No. 83-1

Regulation IA

Rule 2 (a)

<u>UNITED STATES</u> 

<u>SECURITIES AND EXCHANGE COMMISSION</u> 

100 F Street, NE

Washington, D.C. 20549

<u>PERIODIC REPORT</u> 

The following information is filed in accordance with Regulation IA, Rule 2(a), adopted pursuant to Section 11(a) of the Inter-American Development Bank Act.

**For the fiscal quarter ended December 31, 2022** 

**INTER-AMERICAN DEVELOPMENT BANK (the "Bank")** 

**Washington, D.C. 20577** 

(1) Information as to any purchases or sales by the Bank of its primary obligations during such quarter.

Attached hereto as Annex A is a table which lists sales and purchases by the Bank of its primary obligations, all of which were of the Bank's ordinary capital.

(2) Copies of the Bank's regular quarterly financial statements.

Attached hereto as Annex B are the financial statements, as of December 31, 2022, of the Bank's ordinary capital.

(3) Copies of any material modifications or amendments during such quarter of any exhibit (other than (i) constituent
documents defining the rights of holders of securities of other issuers guaranteed by the Bank, and (ii) loans and guaranty agreements to which the Bank is a party) previously filed with the Commission under any statute.

Not applicable: there have been no modifications or amendments of any exhibits previously filed with the Commission.

------

**Annex A** 

**Sales by the Inter-American Development Bank** 

**of its Ordinary Capital Primary Obligations** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Borrowing**<br> **Currency** | **Borrowing**<br> **Amount** | **Coupon**<br> **(%)** | **Issue**<br> **Price (%)** | **Issue**<br> **Date** | **Maturity**<br> **Date** |
| &nbsp;&nbsp;&nbsp; USD | 500000000 | Floating Rate | 100.00 | 4-Oct-2022 | 4-Oct-2027 |
| &nbsp;&nbsp;&nbsp; USD | 100000000 | Floating Rate | 99.482 | 12-Oct-2022 | 16-Sep-2026 |
| &nbsp;&nbsp;&nbsp; USD | 100000000 | Floating Rate | 99.46 | 8-Nov-2022 | 16-Sep-2026 |
| &nbsp;&nbsp;&nbsp; NOK | 300000000 | 3.70 | 100.00 | 10-Nov-2022 | 10-Nov-2037 |
| &nbsp;&nbsp;&nbsp; USD | 30000000 | 4.55 | 100.00 | 10-Nov-2022 | 10-Nov-2027 |
| &nbsp;&nbsp;&nbsp; USD | 100000000 | Floating Rate | 99.752 | 10-Nov-2022 | 12-Apr-2027 |
| &nbsp;&nbsp;&nbsp; USD | 100000000 | Floating Rate | 99.758 | 16-Nov-2022 | 12-Apr-2027 |
| &nbsp;&nbsp;&nbsp; NOK | 1000000000 | 3.77 | 100.00 | 17-Nov-2022 | 17-Nov-2027 |
| &nbsp;&nbsp;&nbsp; USD | 100000000 | Floating Rate | 99.473 | 17-Nov-2022 | 16-Sep-2026 |
| &nbsp;&nbsp;&nbsp; USD | 50000000 | Zero Coupon Callable | 100.00 | 28-Nov-2022 | 28-Nov-2032 |
| &nbsp;&nbsp;&nbsp; AUD | 12285000 | 3.44 | 99.99 | 28-Nov-2022 | 25-Nov-2025 |
| &nbsp;&nbsp;&nbsp; USD | 45732000 | 3.68 | 99.99 | 28-Nov-2022 | 25-Nov-2025 |
| &nbsp;&nbsp;&nbsp; USD | 200000000 | Floating Rate | 99.474 | 28-Nov-2022 | 16-Sep-2026 |
| &nbsp;&nbsp;&nbsp; USD | 50000000 | Zero Coupon<br> Callable | 100.00 | 15-Dec-2022 | 15-Dec-2037 |

---

**Purchases by the Inter-American Development Bank** 

**of its Ordinary Capital Primary Obligations** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Borrowing** <br> **Currency**  | **Original**<br> **Borrowing**<br> **Amount** | **Coupon**<br> **(%)** | **Original**<br> **Issue**<br> **Date** | **Maturity**<br> **Date** | **Re-Purchase**<br> **Amount** | **Re-**<br> **Purchase**<br> **Settlement**<br> **Date** |
| &nbsp;&nbsp;&nbsp; IDR | 500000000000 | 7.875 | 25-Feb-2020 | 14-Mar-2023 | 275000000000 | 10-Nov-2022 |

---

------

**Annex B** 

---

| | |
|:---|:---|
| ![LOGO](g448456sp3.jpg) | <br> ***INTER-AMERICAN DEVELOPMENT BANK*** |

---

## ORDINARY CAPITAL

## December 31, 2022

------

---

| | |
|:---|:---|
| ![LOGO](g448456sp4a.jpg) <br>| ***INTER-AMERICAN DEVELOPMENT BANK***<br>***Monthly Financial Statements*** |

---

**Ordinary Capital** 

**Balance Sheet - As of December 31, 2022** 

***(Expressed in thousands of United States dollars)***

---

| | | |
|:---|:---|:---|
|  **Assets** |  |  |
|  **Cash** |  | $**1204959** |
|  **Investments** |  |  |
| &nbsp;&nbsp;&nbsp; **Trading** |  | **31507237** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Obligations issued or guaranteed by governments or issued by U.S. Agencies** | **21987505** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Time deposits and other obligations of banks** | **8385220** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Asset-and mortgage-backed and corporate securities** | **969617** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Accrued interest on investments** | **164895** |  |
|  **Developmental Assets** |  | **112663005** |
| &nbsp;&nbsp;&nbsp; **Loans outstanding** | **112696803** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Allowance for loan losses** | **(762454)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Deferred loan origination fees and cost** | **64420** |  |
|  | **111998769** |  |
| &nbsp;&nbsp;&nbsp; **Debt securities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Measured at fair value** | **147622** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Measured at amortized cost** | **554989** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Allowance for debt securities** | **(38375)** |  |
|  | **664236** |  |
|  **Derivative assets, net** |  | **147506** |
|  **Accrued interest and other charges** |  |  |
| &nbsp;&nbsp;&nbsp; **On loans** | **1068274** |  |
| &nbsp;&nbsp;&nbsp; **Others** | **9290** | **1077564** |
|  **Other Assets** |  |  |
| &nbsp;&nbsp;&nbsp; **Property, improvements and equipment, at cost** | **1070352** |  |
| &nbsp;&nbsp;&nbsp; **Less accumulated depreciation & amortization** | **(622494)** |  |
|  | **447858** |  |
| &nbsp;&nbsp;&nbsp; **Receivable for investment securities sold** | **93653** |  |
| &nbsp;&nbsp;&nbsp; **Assets under retirement benefit plans** | **184541** |  |
| &nbsp;&nbsp;&nbsp; **Miscellaneous** | **699331** | **1425383** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total assets** |  | $**148025654** |

---

------

**Page 1 of 5** 

------

---

| | |
|:---|:---|
| ![LOGO](g448456sp4a.jpg) <br>| ***INTER-AMERICAN DEVELOPMENT BANK***<br>***Monthly Financial Statements*** |

---

**Ordinary Capital** 

**Balance Sheet - As of December 31, 2022** 

***(Expressed in thousands of United States dollars)***

---

| | | |
|:---|:---|:---|
|  **Liabilities and Equity** |  |  |
|  **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp; **Borrowings** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Short-term borrowings, net** | **1021060** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medium- and long-term borrowings:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Measured at fair value** | **78870488** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Measured at amortized cost** | **23801684** |  |
|  | **102672172** | $**103693232** |
| &nbsp;&nbsp;&nbsp; **Amounts payable to maintain value of currency holdings** |  | **127** |
| &nbsp;&nbsp;&nbsp; **Other liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Payable for investment securities purchased** | **94293** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Due to IDB Grant Facility** | **159925** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Accrued interest on borrowings at amortized cost** | **186085** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Undisbursed Special programs** | **226493** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other liabilities** | **865256** | **1532052** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total liabilities** |  | **110152496** |
|  **Equity** |  |  |
| &nbsp;&nbsp;&nbsp; **Capital stock** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Subscribed - 14,170,108 shares** | **170940140** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Less callable portion** | **(164900691)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Additional paid-in Capital (APIC)** | **5814858** | **11854307** |
| &nbsp;&nbsp;&nbsp; **Receivable from members** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-negotiable, non-interest bearing demand obligations** | **(494095)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-negotiable, non-interest bearing term obligations** | **(216972)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amounts required to maintain value of currency holdings** | **(109153)** | **(820220)** |
| &nbsp;&nbsp;&nbsp; **General reserve** |  | **22804965** |
| &nbsp;&nbsp;&nbsp; **Special reserve** |  | **2665500** |
| &nbsp;&nbsp;&nbsp; **Accumulated other comprehensive income** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Accumulated translation adjustments** | **911066** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Accumulated SFAS 158 adjustments** | **508358** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net fair value adjustments on borrowings attributable to changes in instrument-specific credit risk** | **(50818)** | **1368606** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total equity** |  | **37873158** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total liabilities and equity** |  | $**148025654** |

---

------

**Page 2 of 5** 

------

---

| | |
|:---|:---|
| ![LOGO](g448456sp4a.jpg) <br>| ***INTER-AMERICAN DEVELOPMENT BANK***<br>***Monthly Financial Statements*** |

---

**Ordinary Capital** 

**Statement of Income (Loss) and General Reserve** 

**For the Period Ended December 31, 2022**

***(Expressed in thousands of United States dollars)***

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Month** | **Month** | **Year-to-Date** | **Year-to-Date** |
|  | **2022** | **2021** | **2022** | **2021** |
|  **Income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **From loans** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **- Interest, after swaps** | $**463435** | $**221368** | $**3423024** | $**2058431** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **- Credit commissions** | **7596** | **8056** | **91696** | **103593** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **- Fees from non-sovereign-guaranteed and emergency lending** | **3903** | **4130** | **15338** | **22242** |
|  | **474934** | **233554** | **3530058** | **2184266** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **From investments, after swaps** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **- Interest** | **117066** | **15609** | **708233** | **118376** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **- Net gain (loss)** | **28600** | **(11300)** | **(126100)** | **(13000)** |
|  | **145666** | **4309** | **582133** | **105376** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other interest income (loss)** | **(9694)** | **4454** | **39400** | **43133** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **From other sources** | **(29436)** | **(21627)** | **42960** | **42562** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total income** | **581470** | **220690** | **4194551** | **2375337** |
|  **Expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Borrowing expenses** | **416385** | **52344** | **2378877** | **624343** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Administrative expenses** | **125517** | **108623** | **963031** | **924428** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Special programs** | **22598** | **21642** | **108880** | **93785** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Provision (credit) for developmental assets losses** | **358377** | **(15037)** | **425926** | **(78630)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | **922877** | **167572** | **3876714** | **1563926** |
|  **Operating Income (loss)** | **(341407)** | **53118** | **317837** | **811411** |
|  **Net fair value adjustments on non-trading portfolios and foreign currency transactions** | **207139** | **108960** | **1278871** | **401559** |
|  **Board of Governors approved transfers** | **-** | **-** | **(171803)** | **(91740)** |
|  **Other components of net periodic benefit costs** | **1464** | **(3043)** | **17570** | **(36513)** |
|  **Net income (loss)** | **(132804)** | **159035** | **1442475** | **1084717** |
|  **General reserve, beginning of period** | **22937769** | **21353455** | **21512490** | **20577773** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distributions on behalf of shareholders** | **-** | **-** | **(150000)** | **(150000)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cumulative adjustment for CECL** | **-** | **-** | **-** | **-** |
|  **General reserve, end of period** | $**22804965** | $**21512490** | $**22804965** | $**21512490** |

---

------

**Page 3 of 5** 

------

---

| | |
|:---|:---|
| ![LOGO](g448456sp4a.jpg) <br>| ***INTER-AMERICAN DEVELOPMENT BANK***<br>***Monthly Financial Statements*** |

---

**Ordinary Capital** 

**Statement of Comprehensive Income (Loss)** 

**For the Period Ended December 31, 2022** 

***(Expressed in thousands of United States dollars)***

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Month** | **Month** | **Year-to-Date** | **Year-to-Date** |
|  | **2022** | **2021** | **2022** | **2021** |
|  **Net income (loss)** | $**(132804)** | $**159035** | $**1442475** | $**1084717** |
|  **Other comprehensive income (loss):** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Reclassification to income - amortization of net actuarial losses and prior service credit on retirement benefits plans** | **6450** | **10317** | **77408** | **123822** |
| &nbsp;&nbsp;&nbsp; **Recognition of changes in assets/liabilities under retirement benefits plans** | **1101271** | **513819** | **1101271** | **513818** |
| &nbsp;&nbsp;&nbsp; **Net fair value adjustments on borrowings attributable to changes in instrument-specific credit risk** | **157849** | **(70382)** | **332966** | **(159460)** |
| &nbsp;&nbsp;&nbsp; **Total other comprehensive income** | **1265570** | **453754** | **1511645** | **478180** |
|  **Comprehensive income** | $**1132766** | $**612789** | $**2954120** | $**1562897** |

---

------

**Page 4 of 5** 

------

---

| | |
|:---|:---|
| ![LOGO](g448456sp4a.jpg) <br>| ***INTER-AMERICAN DEVELOPMENT BANK***<br>***Monthly Financial Statements*** |

---

**Ordinary Capital** 

**Statement of Cash Flows** 

**For the Period Ended December 31, 2022** 

***(Expressed in thousands of United States dollars)***

---

| | | |
|:---|:---|:---|
|  | **2022** | **2021** |
|  **Cash flows from lending and investing activities Developmental activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Loan disbursements** | $**(11652722)** | $**(12425265)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Loan collections** | **6956897** | **7336899** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Purchase of debt securities** | **(324940)** | **(86712)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Collection of debt securities** | **15830** | **12556** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in lending activities** | **(5004935)** | **(5162522)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Purchase of property, net** | **(55184)** | **(44774)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Miscellaneous assets and liabilities, net** | **119151** | **89544** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in lending and investing activities** | **(4940968)** | **(5117752)** |
|  **Cash flows from financing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medium- and long- term borrowings:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proceeds from issuance** | **16988858** | **24298658** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Repayments** | **(19453822)** | **(16841890)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Short term borrowings, net** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proceeds from issuance** | **5531418** | **7264098** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Repayments** | **(5602423)** | **(7354348)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash collateral returned** | **(270002)** | **(886271)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Collections of capital subscriptions** | **195** | **420** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distributions paid on behalf of shareholders** | **(148555)** | **(148555)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash (used in) provided by financing activities** | **(2954331)** | **6332112** |
|  **Cash flows from operating activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross purchases of trading investments** | **(51359348)** | **(72108143)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross proceeds from sale or maturity of trading investments** | **57934257** | **69218475** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Securities purchased under resale agreements** | **-** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Loan income collections, after swaps** | **2903018** | **2100319** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interest and other costs of borrowings, after swaps** | **(1177649)** | **(608326)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Income from investments** | **271579** | **51768** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other interest income** | **55003** | **25893** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other income** | **46669** | **47115** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Administrative expenses** | **(787656)** | **(749744)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transfers to the IDB Grant Facility** | **(138140)** | **(173467)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Special programs** | **(107586)** | **(94938)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by (used in) operating activities** | **7640147** | **(2291048)** |
|  **Effect of exchange rate fluctuations on Cash** | **(30377)** | **(29031)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net decrease in cash** | **(285529)** | **(1105719)** |
|  **Cash, beginning of period** | **1490488** | **2596207** |
|  **Cash, end of period** | $**1204959** | $**1490488** |
|  **Reconciliation of Net income to net cash used in operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net income** | $**1442475** | $**1084717** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Difference between amounts accrued and amounts paid or collected for:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Loan income** | **(627040)** | **(83947)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Income from investments** | **(383954)** | **(55308)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other interest income** | **15603** | **(17240)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other income** | **3709** | **4553** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interest and other costs of borrowings, after swaps** | **1201228** | **16017** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Administrative expenses, including depreciation** | **175375** | **174684** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Special programs** | **1294** | **(1153)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transfers to the IDB Grant Facility** | **33663** | **(81727)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net fair value adjustments on non-trading portfolios and foreign currency transactions** | **(1278871)** | **(401559)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized loss on trading investments** | **73400** | **1700** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other components of net periodic benefit cost** | **(17570)** | **36513** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase in trading investments** | **6574909** | **(2889668)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Provision (credit) for developmental assets losses** | **425926** | **(78630)** |
| &nbsp;&nbsp;&nbsp; **Net cash provided by (used in) operating activities** | $**7640147** | $**(2291048)** |
|  **Supplemental disclosure of noncash activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (decrease) resulted from exchange rate fluctuations:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Trading investments and related swaps** | **(1398)** | **(4204)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Loans outstanding and related swaps** | **(7080)** | **(95265)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Debt securities** | **(47492)** | **(48796)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Borrowings and related swaps** | **(29688)** | **(153067)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Receivable from members, net** | **17541** | **4628** |

---

------

**Page 5 of 5**