Latin America’s top development bank is advocating for a common manual consisting of various lending instruments, aiming to improve the effectiveness of loans among multilateral institutions. The manual would encompass instruments such as debt swaps and sustainability-linked bonds, tailored to meet the specific requirements of each country. Inter-American Development Bank President Ilan Goldfajn mentioned the plan, emphasizing discussions with organizations like the World Bank and the African Development Bank to create a platform for inventing new tools. The proposal aims at boosting the impact of loans through collaboration and shared resources.