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Abstract
The Interamerican Development Bank (IBD) was set up in 1969 by 19 Latin American countries and the United States. Its aims include the promotion of private investment in the region and the provision of technical assistance for the preparation, financing and implementation of development plans and projects. Its policies arc flexible and dynamic, thus reflecting the changing problems of member countries. Loans to the various agricultural sectors currently total some 22% of total IBD loans and it is hoped to raise this figure to 30% in the future. The bank supports a number of regional organizations in the agricultural field and has supported financially foot and mouth disease control campaigns in a number of South American countries.
To discuss the history of international economic law since the American Journal of International Law was first published in 1907 requires the author to project categories common to the parlance of 2006 back to times when theywere unknown. So far as it appears, the term did not become current until after World War II. Its scope is controversial. According to one definition, it encompasses “the total range of norms (directly or indirectly based on treaties) of public international law with regard to transnational economic relations.” A wide variety of international law rules have been said to have a financial impact somewhere. For practical purposes, in this essay I define international economic law as the international law regulating transborder transactions in goods, services, currency, investment, and intellectual property. I exclude from the inquiry issues of private international law, as well as of economic warfare.
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