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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

(566 total reviews)

Ilan Goldfajn

76% approve of CEO

72% positive business outlook

Inter-American Development Bank has an employee rating of 3.9 out of 5 stars, based on 566 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

566 reviews
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.
5.0
Dec 10, 2021

Working Experience

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

great work and life balance extra vacations for federal holidays

Cons

majority of people speak spanish

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.
3.0
Dec 7, 2021
Recommend
CEO approval
Business Outlook

Pros

Salaries are usually high even for administrative support Interesting work Academic environment allows to access to a lot of information and good networking

Cons

Poor career development, easy to get stuck. Low investment on their employees human capital

avatar
Inter-American Development Bank Response
4y
Thank you for taking the time to provide your feedback. Our employees are the center of our benefits package, as we look to support them throughout their careers in the Bank, providing tailored benefits for each milestone in their lives.
Viewing 235 - 237 of 566 Reviews

Glassdoor has 959 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.