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Inter-American Development Bank

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Inter-American Development Bank Reviews

3.9

82% would recommend to a friend

(564 total reviews)

Ilan Goldfajn

73% approve of CEO

70% positive business outlook

Inter-American Development Bank has an employee rating of 3.9 out of 5 stars, based on 564 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 Finance industry (3.7 stars).

Reviews by job title

564 reviews
5.0
4 Jul 2023

IBD

Recommend
CEO approval
Business outlook

Pros

Freedom to explore new ideas The studies can be applied in the countries

Cons

Contracts with very short periods

3.0
27 Oct 2014
Recommend
CEO approval
Business outlook

Pros

-Opportunity to travel and get involved in projects - Many different sectors and divisions and opportunity to move around -Readily accessible funds to move projects forward - Great place to network within governments and private sector because of the access provided

Cons

RACIAL DIVISION: The Bank is the only place that I have worked that goes out of it's way to recreate the very same inequality that it is supposedly trying to rectify. There is a racial and class hierarchy at the Bank and cronyism is a large issue- just like in Latin America and the Caribbean. Although LAC is one of the most diverse regions in the world, the Bank is staffed almost completely by Europeans and elite Latinos who can trace their lineage back to some small Spanish village (and will be happy to let you know which one). For example, although Brazil has the largest population of people of Afro-descent outside of Africa and the majority of Caribbean people of Afro-descent are English speakers, many jobs are only advertised in Spanish and its "diversity" initiative is superficial at best, making it difficult for non-white Latinos to get hired and stay. People of indigenous descent are practically nonexistent in the Bank, finishing off what Columbus couldn't do by erasing them from policy and project implementation that largely impact their communities. Furthermore, all the security guards are black men and the cleaning staff are mestizo women...just like Latin America! -Because the Bank doesn't abide by US labor laws and the Latinos are charged with policing themselves, reporting unfair treatment has very little impact; thus, creating a culture of impunity towards racism, machismo, and labor abuses. Even if a black or brown person gets a job at the Bank, it is often as a consultant. Additionally, non-Spanish speakers are made to feel uncomfortable and undervalued b/c many meetings are held in Spanish only and documents are printed in Spanish, even for Caribbean countries. As a non-Spanish speaker, your opportunities can be limited and the Bank makes no real effort to seek or retain talented minorities. CLASSISM: - The staff vs. consultant divide also creates a lot of tension in the Bank. In a previous review, the reviewer refers to "low-grade consultants", this should tell you all you need to know about the perception and treatment of consultants. In order to not have to give everyone full benefits (like sick leave), 80% of the people on the plantation-oops, I mean in the Bank- are consultants. As a consultant, you get treated like a second class citizen and often have your job threatened (especially if you are on a G4 visa) as a way to get more work out of you. Because there is an arbitrary ceiling on how many staff positions are available at the Bank, one can work for years as a consultant without the opportunity to advance to a staff position, making it necessary to simply leave the Bank and take all your knowledge with you if you seek meaningful growth in your career. Perhaps what is worse is the emphasis that is placed on dividing consultants from staff, even your ID color is different. an example: After I had been here almost a year, I had to give up desk in a shared office when a new staff person was hired b/c staff get priority seating. The "separate but equal" tactics of the IDB are likened back to pre-Civil rights America. CRONYISM: Rarely are jobs advertised, to get a job at the Bank, you need to know someone that can advocate for you and get you in front of the right people. Applying online is almost always a waste of your time. -PROJECT CYCLES: There is an overwhelming push to simply get money out of the door. Thus, many badly planned and badly managed projects get approved. The project cycle makes it more important to get a project approved than to successfully implement a development project with positive impacts on the people in developing countries. There is not a serious dedication to M&E at the Bank. Thus, this is the place where creative and innovative approaches to development go to die a slow, painful death. WORK LIFE BALANCE: WLB can be difficult with the amount of travel that you do. Overall, the IDB is a place that you build your resume and then leave if you care about treating people like equals an fairness in a work place, or about innovate approaches to sustainable development that engage and empower local communities to get out of poverty. If you are more concerned with maintaining a good salary even while millions get wasted on poorly designed "development" projects, this is a the place for you!

1.0
28 May 2019

Don't accept a job offer for consultant positions

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Unfortunately, I don't have anything positive to add here.

Cons

I was hired as a consultant. At that time, I didn't have idea of the different types of contracts that the bank has. Basically, you will work as hard as the staff employees, but you will not have the same benefits and salaries. Consultants can work for a limited time and after that, if they do not get a staff position they need to return to their countries. I thought I could have a chance to get a staff position, but it is extremely hard. In many cases I saw that not the most qualify candidate was hired, the panel chose a person who had connections inside the bank. I worked at the IDB for four years and I didn't have maternity leave. Once I asked the HR if I get pregnant, what should I do, and they replied to me that I need to use my vacations. Now the policy has changed, but there is some maternity leave but make sure that you have good health insurance because hospitals in the U.S. are very expensive. Moreover, daycare can cost $2000,00 per month. Staff employees have sick and personal days. On the other hand, consultants do not have those benefits too. It is ridiculous that an organization that says that is improving lives in the LAC region does not care about their own employees. I felt like a white slave and stayed there because I needed the visa. This horrible experience made me feel anxious and with health problems. I was not the only one, many colleagues suffered that too. If you receive a job offer as a consultant, please compare it to staff salaries. A table can be found in the annual report (google IDB Annual report, I cannot add links here). The living costs in DC area are expensive so don’t come with your family to make ends meet. I would only recommend it for a single person at the beginning of the career to add an international experience to the resume.

Viewing 1 - 3 of 564 Reviews

Glassdoor has 957 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.