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Managing natural disasters

Earthquakes, hurricanes and other natural disasters are responsible for billions of dollars in losses and increased indebtness throughout Latin America and the Caribbean. Average annual losses for the region from these events average $3.2 billion between 1975 and 2002, according to the Emergency Disasters Data Base (EM-DAT 2003). Most countries in the region lack the funding needed for post-disaster reconstruction and have largely relied on multilateral credit facilities to respond their emergency needs. At a meeting at IDB headquarters in Washington, D.C., natural disaster risk management experts reported recently on new studies underlining the costs of natural disasters and how to mitigate the impact of such events.

IDB approves $200,000 emergency grant for Haiti after massive floods

MIF approves $3.7 million for investment fund for technology- based competitive companies in Brazil

The Multilateral Investment Fund approved up to $3.7 million in investment capital and $75,000 for technical assistance for a fund to support of technology-based competitive companies...

Microfinance champion Michael Chu to speak at IDB

Room for reform

To commemorate the 10th anniversary of the IDB Research Department, development experts analyzed Latin America’s economic track record over the past decade.

IDB sponsors international forum on nondiscrimination September 28-29 in Mexico

IDB supports project to improve living standards for trash recyclers in Asuncion, Paraguay

The Inter-American Development Bank’s Social Entrepreneurship Program will provide a soft loan and a grant totaling $538,000 for a project to raise the incomes and improve the living standards of families who recycle garbage at a municipal dump in Asuncion, Paraguay. The resources will help finance a project proposed by Alter Vida, a Paraguayan nonprofit organization that supports sustainable development by promoting citizen participation in environmental management and conservation. The beneficiaries will be the “gancheros,” indigent people who recover paper, plastic and other recyclable materials from the Cateura solid waste dump near Asuncion.

President of Peru visits the IDB

The President of Peru, Alejandro Toledo, invited by president Enrique V. Iglesias, attended a working lunch with IDB executives at the Bank's headquarters in Washington, D.C. The meeting agenda included social issues and the Bank's portfolio for Peru. President Toledo visited the U.S. capital on a five-day tour for a series of meetings, including visits to the main international financial institutions.

IDB sponsors second inter-american conference on corporate social responsibility in Mexico September 26-28

IDB to support cacao growers in Peruvian Amazon

The Inter-American Development Bank’s Social Entrepreneurship program will provide $500,000 in financing from a Swedish trust fund to a project to help small farmers in the Peruvian Amazon develop and strengthen the chain of production, processing and marketing of cacao. The IDB will provide Industrias Alimentarias de la Convencion (INDACO) a $360,000 soft loan and a $140,000 technical cooperation grant from the Swedish Trust Fund for Small Projects Financing.

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