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Eight out of 10 Latin Americans support regional integration, a record number
A new study by the Inter-American Development Bank (IDB) shows that 79% of Latin Americans support their country’s integration with other Latin American countries, the highest level since this data began to be collected. This is one of the findings of “ América Latina en conexión: apoyo récord a la integración regional” (Latin America in connection: record support for regional integration) , a new study conducted by the Institute for the Integration of Latin America and the Caribbean (INTAL) of the IDB’s Integration and Trade Sector, in partnership with the firm Latinobarómetro. The
IDB and AfDB Welcome IMF Executive Board’s Decision Approving Use of SDRs for Hybrid Capital Instruments
The Inter-American Development Bank (IDB) and the African Development Bank (AfDB) today welcomed the announcement by the Executive Board of the International Monetary Fund (IMF) that enables the use of Special Drawing Rights (SDRs) through a hybrid-capital financial instrument at multilateral development banks (MDBs).
SDRS and Hybrid Capital

FAQS What is a special drawing right? The SDR is an interest-bearing international reserve asset. The SDR is not a currency, but its value is based on a basket of five currencies—the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. The value of the SDR is set daily by the IMF based on fixed currency amounts of the currencies included in the SDR basket and the daily market exchange rates between the currencies included in the SDR basket. Why would countries invest in Hybrid Capital using SDR? SDR Department participants with strong external positions

Bolivia Increases its Resilience to Natural Disasters, Public Health Emergencies with IDB support

The Inter-American Development Bank (IDB) approved a $250 million contingent loan to help Bolivia boost its financial resilience against floods, droughts, forest fires, and possible epidemic and pandemic outbreaks. The loan, approved by the IDB's Board of Executive Directors through the Contingent Credit Facility for Natural Disaster and Public Health Emergencies (CCF) , will enable Bolivia to quickly access resources in the event of natural disaster and public health emergencies to finance immediate care for the affected population, helping lay the groundwork for a rapid and sustainable

IDB Announces Support Package for Brazil’s Rio Grande do Sul in Response to Flood Disaster
BRASILIA – Inter-American Development Bank (IDB) President Ilan Goldfajn affirmed his solidarity with the people of the State of Rio Grande do Sul in southern Brazil amid the ongoing flood disaster and announced a series of support measures. The package includes emergency measures with humanitarian aid and lines of credit for rebuilding infrastructure in a resilient and sustainable manner. “I want to express my solidarity with the people of Rio Grande do Sul during this time of tragedy – an unprecedented tragedy. I came to Brazil to offer the support of the IDB to the people of the state and
Surge in Oil and Gas Revenue Drove Up Tax Receipts in Latin America and the Caribbean in 2022
SANTIAGO - Tax revenue rose as a share of GDP on average across Latin America and the Caribbean countries between 2021 and 2022 due partly to a sharp increase in revenue from the oil and gas sector, according to a new report. Revenue Statistics in Latin America and the Caribbean 2024 , released today at the 36th Regional Fiscal Seminar in Santiago, Chile, shows that the average tax-to-GDP ratio in the region rose by 0.3 percentage points (p.p.) in 2022 to 21.5%. This was slightly below its level prior to the COVID-19 pandemic (21.6% in 2019) and below the average tax-to-GDP ratio for OECD
Use of Mobile Money, Digital Payments Doubles in Central America, Panama and Dominican Republic

The use of digital financial services has experienced rapid growth in Central America, Panama and the Dominican Republic, with the share of adults owning mobile money accounts doubling from 4% to 8% between 2017 and 2021, a new study by the Inter-American Development Bank (IDB) shows. Digital platforms facilitate savings, improve security and speed, and reduce costs associated with domestic payments and international remittances. This is especially relevant in a region where the most vulnerable households depend on remittances, according to the IDB's report, " Towards Greater Financial

There Are Jobs in Latin America and The Caribbean, but Their Quality Urgently Needs Improvement
-The latest edition of the IDB’s Better Jobs Index places the quality of employment in the region at 41.2 on a scale of 1 to 100. -The study includes policy recommendations to enhance employment quality by nurturing and strengthening workforce skills, among other measures. -Women in Latin America have lower-quality jobs than men, with a 16-point gap in the Better Jobs Index. Nearly 55% of workers in Latin America and the Caribbean have informal jobs without a contract or social security coverage, and 3 out of 10 do not earn enough to surpass the poverty threshold, according to the most recent
IDB to Fund Research on Infrastructure and Regional Integration

The Inter-American Development Bank (IDB) and the Interdisciplinary Institute of Political Economy (IIEP UBA-CONICET) of Argentina will select and fund up to six research proposals that address the challenges of the link between infrastructure, connectivity, and integration in Latin America and the Caribbean. The call " Connecting Latin America and the Caribbean: Infrastructure for Regional Integration " is aimed at researchers, universities, and think tanks from the region and will remain open until May 31, 2024. The main objective is to support research efforts aimed at generating diagnoses

IDB and PAHO Join Forces in Key Areas

The new agreement will focus on three priority areas: health systems strengthening based on primary health care; information systems and digital health; and pandemic prevention, preparedness and response. The president of the Inter-American Development Bank (IDB), Ilan Goldfajn, and the director of the Pan-American Health Organization (PAHO), Jarbas Barbosa, signed an agreement to accelerate the digital transformation of health services, strengthen primary healthcare, and enhance pandemic preparedness across Latin America and the Caribbean region. Dr. Barbosa welcomed the agreement and the

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