The Inter-American Development Bank (IADB) and IDB Invest have received EDGE (Economic Dividends for Gender Equity) certification for the third time and have advanced to the next level, EDGE Move. The IDB Group is the first development bank in the Americas and the second worldwide to achieve EDGE Move, the second level of the prestigious distinction out of a total of three levels (EDGE Assess, EDGE Move and EDGE Lead).
To achieve this level, both organisations underwent a rigorous independent study that included a review of their policies, gender pay gap, recruitment efforts, flexibility in working hours and mode of work, culture, among others. In addition to the existence of a robust, gender-neutral parental leave policy, a notable achievement was that both the IADB and IDB Invest have equal pay for equal work.
IDB Group President Mauricio Claver-Carone noted: “A diverse institution is a successful institution. That is why gender and diversity are among the priorities of our Vision 2025 strategy. We will continue to work internally and with our member countries to achieve this goal.
The IDB Group is taking new actions to ensure that equity is at the core of all priority areas, both internally and with projects in the region. As part of the EDGE certification process, both organisations went through EDGE Plus, a deeper level of analysis that measures the intersectionality of gender with race/ethnicity and sexual orientation.