WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors approved a loan of $22.95 million to strengthen the capacities of Ecuador’s National Public Procurement Service (SERCOP) and advance the modernization of the National Public Procurement System (SNCP). The project will drive a comprehensive transformation of public procurement with the goal of improving the quality, timeliness, and transparency of procurement processes, thereby increasing the efficiency of public spending. To achieve this, the program includes an integrated approach that encompasses
WASHINGTON — The Inter-American Development Bank Group (IDB Group) is pleased to announce the appointment of Graham Macmillan as general manager of IDB Lab, effective January 5, 2026. IDB Lab is the innovation and venture capital arm of the IDB Group. It leverages financing, knowledge, and connections to support early-stage entrepreneurship, foster new technologies, activate innovative markets, and catalyze existing sectors in Latin America and the Caribbean. “Graham’s extensive experience will be instrumental in advancing IDB Lab’s mission to foster innovation and private-sector development
WASHINGTON — Following Hurricane Melissa and at the request of Jamaican Prime Minister Andrew Holness, CAF – Development Bank of Latin America and the Caribbean, the Caribbean Development Bank (CDB), the Inter-American Development Bank Group (IDB Group), the International Monetary Fund (IMF), and the World Bank Group (WBG) have jointly assembled a comprehensive package of up to $6.7 billion over three years to strengthen Jamaica’s recovery and reconstruction efforts. This coordinated effort reflects a unified commitment to help Jamaica pursue a fiscally responsible, long-term recovery through
An initial individual operation of $204 million will finance a program with the Municipality of Belo Horizonte in the State of Minas Gerais. WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a Conditional Credit Line for Investment Projects (CCLIP) of up to $2 billion to improve socio-environmental, socio-economic, and health conditions in Brazil. The program will promote the universalization of basic sanitation, which includes water supply, sewage, drainage, and solid waste management, reducing regional gaps, improving environmental
WASHINGTON – The Inter-American Development Bank (IDB) has been awarded the International Knowledge Management Award 2025 by Knowledge Management Austria and the global Knowledge for Development Partnership (K4DP). The distinction recognizes the IDB’s leadership in knowledge management for sustainable development and its ability to connect evidence, learning, and action across Latin America and the Caribbean. For 66 years, the IDB’s mandate has gone beyond financing. From the outset, it was tasked with both supporting development through funding and generating and sharing knowledge with the
WASHINGTON – The Inter-American Development Bank (IDB) Board of Executive Directors has approved a Conditional Credit Line for Investment Projects (CCLIP) of $1 billion aimed at improving electricity supply in Ecuador. Within this new credit line, the Board also approved an initial individual operation for $270 million, along with a $30 million loan from the Clean Technology Fund. This financing seeks to support improvements in the reliability and capacity of Ecuador’s electricity transmission system. The program backed by the new CCLIP will contribute, among other benefits, to reducing 1.3
WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a second individual operation for $530 million under a Conditional Credit Line for Investment Projects (CCLIP) aimed at supporting the development and implementation of the First Line of the Metro of Bogotá ( PLMB) in Colombia. The program will benefit the 2.9 million inhabitants within the PLMB’s area of influence, 96% of whom belong to low- and middle-income households. Thanks to this initiative, residents in Bogotá’s southwestern corridor will improve their access to employment, health, and
WASHINGTON – Uruguay will modernize its fiscal and customs management to strengthen the business environment with a $20 million loan approved by the Inter-American Development Bank (IDB) Board of Executive Directors. This operation will finance investments to improve the effectiveness of tax and customs administration and increase the efficiency of public financial management. This loan is the first operation under a Conditional Credit Line for Investment Projects (CCLIP) of $100 million, which was also approved by the Board. The project will facilitate tax compliance and optimize processes
WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a Conditional Credit Line for Investment Projects (CCLIP) of $675 million to support a pioneering program aimed at optimizing public spending, improving road asset management, and preserving Uruguay’s National Road Network (RVN). As part of this credit line, the Board approved an initial individual operation of $150 million to finance rehabilitation and maintenance works based on results. The works will initially focus on the National Route 8 corridor and later expand to other priority corridors in
WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a Conditional Credit Line for Investment Projects (CCLIP) of $500 million to support the transformation of Montevideo’s metropolitan transport system in Uruguay. This CCLIP will directly benefit 1.3 million residents in the corridor’s area of influence, providing new transportation services and renovated public spaces. The program will finance the implementation of an electric, high-capacity Bus Rapid Transit (BRT) system along two main corridors: Avenida 8 de Octubre and Avenida Italia. The system