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Today's NewsApril 5, 2008
A seminar organized by the IDB’s Multilateral Investment Fund will analyze the expansion of microfinance in Latin America and the Caribbean as well as financing small businesses. The discussion will spotlight the cost of microcredit in the region – and how to reduce it. Some 360 million people in Latin America and the Caribbean live on incomes under $10 a day, forming a vast and underserved force of consumers and producers. A seminar organized by the IDB’s Opportunities for the Majority initiative will analyze new models such as networks of grassroots innovators and social businesses. In many developing regions mobile banking has emerged as an effective way to expand access to formal financial services for the poor. Latin America is still relatively virgin territory for this technology, a problem that will be discussed by bankers, telecommunications executives and regulators. Climate change has risen to the top of the global development agenda. How are Latin American and Caribbean countries dealing with this challenge? This will be the topic of a seminar organized by the IDB’s Sustainable Energy and Climate Change Initiative. Another seminar on green energy scenarios, will discuss the findings of surveys conducted among experts on the trends for technology investment and policymaking to develop alternative energy sources in the Americas Underscoring their commitment to strengthening bonds between member countries, the IDB, the Central American Bank for Economic Integration (BCIE) and the Andean Development Corporation (CAF), will join a financing committee to promote projects under Plan Puebla Panama, an integration initiative involving Belize, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Panama. Authorities from these countries will meet with the heads of the three development agencies to discuss their plan.
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