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Inter-American Development Bank

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Don't waste your time here - Senior Consultant Inter-American Development Bank Employee Review

1.0
3 Jan 2022
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.

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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.

Explore other reviews about Inter-American Development Bank

5.0
28 May 2026
Recommend
CEO approval
Business outlook

Pros

Excellent benefits, culture and opportunity to make a real impact.

Cons

There is bureaucracy across the organization. Vertical career progression can be slow.

2.0
3 Jun 2026
Recommend
CEO approval
Business outlook

Pros

You get to work with elitist Spanish speaking Latin Americans who are xenophobic for people that speak other languages, who have processes, paper pushing and career progression as major objective, not real development outcomes (eradicate extreme poverty & improve quality of life in LAC).

Cons

Bureaucracy. Outdated development agency. Abusive to and misclassifying contractors. People who don’t know what they are doing or talking about. Delivers trash projects and pulls impoverished countries further into national debt. Technocratic and too much focus on metrics, not impoverished people’s lived experience.

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