News search

SEVILLE - The Inter-American Development Bank (IDB) and IDB Invest are scaling up financial solutions to help countries and companies manage disaster-related risks and strengthen long-term resilience. This expansion includes an increase in disaster risk coverage and new instruments for both sovereign and private clients: Expanded Protection for Countries for disaster risk coverage by an additional $2 billion,through the Contingent Credit Facility and Climate Resilience Debt Clauses, responding to rising demand across the region. A pioneering Regional Disaster Risk Transfer Program, led by the

SEVILLE – The Inter-American Development Bank (IDB) today launched FX EDGE, a new platform to help countries attract more private investment in sustainable development. Designed to provide tools to policymakers—a blended finance and project preparation facility, a liquidity facility and an FX derivative program—to overcome one of the oldest and most pressing barriers to investment—currency volatility—FX EDGE aims to increase resilience and unlock capital. FX EDGE builds on Brazil’s Eco Invest, a pioneering collaboration between the IDB and the Brazilian government and enabled by technical

SEVILLE – The Inter-American Development Bank (IDB) and the World Bank launched a new platform to help countries and institutions raise private capital for sustainable development in the Amazonia region—combining environmental protection with economic and social impact. The platform is grounded on the Amazonia Bond Issuance Guidelines, just issued jointly by the IDB and the World Bank. These guidelines provide a comprehensive framework for structuring bonds with clear criteria for use of proceeds, impact measurement, and transparency. As a first move under the new program, the IDB plans to

SEVILLE – The Inter-American Development Bank (IDB) and Education Above All (EAA) Foundation signed a new agreement to strengthen collaboration and explore new areas of joint work in education, skills development, and economic empowerment, including employment and self-employment initiatives. The framework agreement, which will run from 2025 to 2030, will address critical educational challenges in Latin America and the Caribbean by enrolling and retaining out-of-school and at-risk-of-dropping-out children, ensuring their access to quality primary education. The EAA Foundation plans to earmark

Joint Statement PARIS – The Heads of Multilateral Development Banks (MDBs) met today in Paris, hosted by the Council of Europe Development Bank (CEB), which currently chairs the Heads of MDBs Group. The meeting focused on advancing their joint efforts to address development priorities. Amid rising global uncertainty, the Heads reaffirmed their commitment to working as a system to deliver greater impact and scale, in line with their Viewpoint Note and the recommendations of the G20 Roadmap towards Better, Bigger, and More Effective MDBs . The Roadmap outlines an ambitious vision for MDB reform

The Inter-American Development Bank (IDB) and the Council of Europe Development Bank (CEB) signed today in Paris, in the margins of the meeting of the Heads of Multilateral Development Banks (MDBs) Group, a landmark €500 million Exposure Exchange Agreement (EEA). This is the first transaction between the two institutions, the first EEA ever executed in a currency other than the U.S. dollar, and the first of its kind for the CEB.

WASHINGTON – The Inter-American Development Bank (IDB) approved a conditional credit line of $2 billion to support the third phase of the Fiscal Management Modernization Program in Brazil, known as PROFISCO III. This initiative seeks to facilitate and strengthen tax compliance and enhance fiscal sustainability of states and the business environment. The program financed by the IDB supports the Federal Government, states, and municipalities to modernize their tax management processes and systems, focusing on the implementation of the new value-added tax (VAT), which was approved in the recent

PARIS — The Inter-American Development Bank (IDB) and the Organisation for Economic Co-operation and Development (OECD) signed an agreement to strengthen support for countries seeking OECD membership and help other nations align with OECD standards as they pursue key economic and institutional reforms. Under this agreement, the IDB will offer financial and technical cooperation to countries at different stages of OECD engagement. This includes tailored support for those already on the accession path—through investment policy reviews, responsible business conduct assessments, public sector

WASHINGTON — The Inter-American Development Bank (IDB) approved a $50 million financing package to support Chile’s efforts to revitalize emblematic heritage neighborhoods and promote safe, inclusive urban infrastructure. The package includes a $45 million loan and a $5 million non-reimbursable grant from the IDB’s Grant Facility, aimed at supporting countries experiencing large and sudden intraregional migration inflows. The program will support the safe and inclusive revitalization and management of emblematic heritage neighborhoods by enhancing municipalities' technical and management

WASHINGTON – The Inter-American Development Bank (IDB) has approved the “ IDB for Cities and Regions” initiative, a pioneering five-year pilot that will enable eligible cities, states, and regions in Latin America and the Caribbean to access a financing line of up to $1 billion in investment loans and guarantees directly from the IDB. It will provide local governments with direct access to financing for infrastructure, urban development, and delivery of services to promote sustainable growth. In addition to financing, the program aims to strengthen the development capacity and creditworthiness