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Multilateral development banks’ climate finance in low-and middle-income countries jumps 21% to $103 billion last year, according to their new annual report. MDB adaptation finance in low- and middle-income economies rose 31% to $35 billion, and mitigation finance rose 16% to $68 billion. MDBs on track to meet their 2030 climate-finance projections across all their countries of operation. Multilateral development banks (MDBs) including the Inter-American Development Bank Group increased climate finance to record levels in 2025, reinforcing their role in supporting climate-resilient and

WASHINGTON — The Inter-American Development Bank (IDB) and the Korea National Police Agency (KNPA) signed a memorandum of understanding (MoU) to strengthen cooperation in public security and institutional capacities in Latin America and the Caribbean. The agreement establishes a non-exclusive framework to promote cooperative programs and projects aimed at improving public security in the region. The collaboration focuses on strengthening law enforcement institutions by leveraging advanced investigative technologies and the KNPA’s “K-policing” model. Emilio Pineda, Manager for the Institutions

GUATEMALA CITY — Guatemala will host the 2027 Annual Meetings of the Inter-American Development Bank (IDB) Group on March 10-14. The Meetings are the IDB Group’s annual flagship event and one of the premier economic and development-focused gatherings in Latin America and the Caribbean. This year’s Meetings in Paraguay brought together approximately 4,000 participants from 53 countries, about half from the private sector, including nearly 400 CEOs and 700 senior executives. “Guatemala is a longstanding partner of the IDB Group, and we are pleased to bring our Annual Meetings to the country in

GUATEMALA CITY — The Inter-American Development Bank (IDB) and the government of Canada signed a landmark $200 million guarantee agreement to support up to $1 billion in new financing for projects in critical-mineral value chains and resilient infrastructure across Latin America and the Caribbean. The agreement, signed in Guatemala City by IDB Group President Ilan Goldfajn and Canada’s Secretary of State (International Development) Randeep Sarai, will enable the IDB to expand its lending capacity while preserving its financial strength and strong credit-risk rating. The guarantee will be

WASHINGTON — The Inter-American Development Bank (IDB) and the World Bank have approved the Full Mutual Reliance Framework (FMRF), an innovative cofinancing arrangement that will help streamline jointly financed development projects in Latin America and the Caribbean. This framework delivers on a longstanding request from shareholders for multilateral development banks (MDBs) to work more effectively as a system and maximize development impact. Under the FMRF, the IDB and the World Bank may rely on one another's operational policies when cofinancing eligible projects, reducing duplication and

WASHINGTON – Presented in the context of the 2026 World Cup and the IDB Group's The Development World Cup series of initiatives, GameChangers: The Field's Pulse Meets the Gallery brings art and sport into dialogue through soccer as a cultural force and a driver of development across Latin America and the Caribbean. Curated by Manuela Reyes and Mariana Mejía, the exhibition features works by Alma Digital, Rodrigo Ímaz, Felipe Jácome, Mandy Barker, Lao Gabrielli, Ronald Pizzoferrato, among others. It explores the relationship between art and sport through emotion, perception, and memory

WASHINGTON — The Inter-American Development Bank Group (IDB Group) will provide a grant package totaling at least $1 million to support Venezuela's emergency response following the earthquakes that struck the country's central coast. The resources will support: Immediate humanitarian assistance, including $350,000 from the IDB, contributions from IDB member countries currently estimated at $300,000-$400,000, and $100,000-$200,000 raised through the IDB Group's internal "Together for Venezuela" solidarity campaign, with employees' contributions matched by the Bank. Assessment of damage and

WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a loan of up to US$8 million to improve the efficiency of the public sector and strengthen fiscal sustainability in Belize, enhancing public employment management and optimizing spending. The program, which will be executed by Belize’s Ministry of Public Service and Disaster Risk Management, aims to strengthen strategic workforce management and promote a more efficient, transparent, and digitally enabled public administration. Belize has made progress in strengthening its fiscal position, but a

WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $90.4 million loan for the state of Goiás in Brazil to strengthen fiscal revenue and public expenditure management. This operation will finance measures to strengthen fiscal governance, upgrade technology, and operational processes, and build institutional capacity. The measures will modernize Goiás’s fiscal management, contributing to aligning systems and processes with the country’s consumption tax reform as well as enhance the state’s ability to deliver services and support sustainable

WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved up to $100 million in financing for the Program for Academic and Community Integration of Youth in El Salvador to expand the opportunities for youth from vulnerable communities to continue their education and access jobs. The IDB loan will be supplemented by $4 million in grant funding and $10 million in local counterpart funding, for a total of $114 million for the program. The program will allow more vulnerable Salvadoran youth to pursue a high school and post-high-school education by