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Inter-American Development Bank

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Inter-American Development Bank reviews

3.9

80% would recommend to a friend

(568 total reviews)

Ilan Goldfajn

82% approve of CEO

76% positive business outlook

Inter-American Development Bank has an employee rating of 3.9 out of 5 stars, based on 568 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Inter-American Development Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

568 reviews
4.0
Jan 7, 2022

Good Company

Recommend
CEO approval
Business Outlook

Pros

Balance life work is very important for the management

Cons

Salary hikes and performance bonus very rate

3.0
Jan 6, 2022
Recommend
CEO approval
Business Outlook

Pros

Great environment, employees from all 48 IDB member countries, but mostly from 26 benefited countries in Latin America

Cons

Very political when expecting career development, only friends of hiring managers get real opportunities. Staff members delegate their responsibilities to consultants and in the end, the work is mostly done by them

avatar
Inter-American Development Bank Response
4y
Thank you for taking the time to provide feedback. We work every day to improve lives in Latin America and the Caribbean, and strive to offer a rewarding and positive experience to all our employees.
1.0
Jan 3, 2022

Don't waste your time here

Recommend
CEO approval
Business Outlook

Pros

You don't pay taxes on your income earned here.

Cons

Chaotic place, poorly managed, unclear task assignments. Some people are doing close to nothing while others are working extremely hard. Rampant nepotism and cronyism. Stagnant or unmotivated staff. I never saw people being fired for not pulling their weight. It was as if there were no rules for getting rid of underperforming employees as well as no rules for promoting the good ones. If you have a green card holder or a US citizen and you are here, shame on you. Politics decides 90% of what is done, who is hired etc. Most who become permanent staff are well connected belonging to politically dominant classes in Latin America. Yes, lots of country mafias. Highly trained and well experienced who come by merit are not welcomed. Lots of insecure people feel their positions threatened. If you come here thinking this is an org with an honest and laudable mission such as 'improving lives' you are being naïve. Inefficient use of budget. While the IDB advices to the client countries to spend their money efficiently, it doesn't practice what it preaches. There are rules that force each department to basically throw out of the window all the remaining budget at the end of the year to avoid losing their 'share of the pie' next year. The capital given to the IDB is tax payer money from a lot of very poor countries and yet this happens. If this is not hypocritical I don't know what is.

avatar
Inter-American Development Bank Response
4y
Thank you for taking the time to provide feedback. At the IDB, we work every day to improve lives in Latin America and the Caribbean. We are a trusted partner of governments, NGOs, start-ups, and other stakeholders who also work for the region. To remain a trusted partner and continue to improve lives, we must maintain rigorous standards and procedures.
Viewing 235 - 237 of 568 Reviews

Glassdoor has 964 Inter-American Development Bank reviews submitted anonymously by Inter-American Development Bank employees. Read employee reviews and ratings on Glassdoor to decide if Inter-American Development Bank is right for you.