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BIDAcademy Launches Podcast on How to Combat Inequality in Latin America and the Caribbean

The new series will explore inequality, how it intersects with factors like gender or race, and how it impacts access to education or employment BIDAcademy, the knowledge and learning platform of the IDB Group—which consists of the Inter-American Development Bank (IDB), IDB Invest, and IDB Lab—has kicked off "Rethinking Equality". This new podcast series will analyze the causes of inequality in Latin America and the Caribbean, the reasons for its persistence, and ways to reduce it to build a better future. Over the series’ 12 episodes on the Voices in Action podcast, Ana María Ibáñez, vice

Bahamas to Swell Blue Economy with IDB Support

The Inter-American Development Bank (IDB) has approved a US$60 million Conditional Credit Line for Investment Projects to foster sustainable development in the Bahamas by stimulating micro, small, and medium-sized enterprises (MSMEs) in the country's blue economy. This line of credit for the Local Sustainable Development in the Blue Economy Program includes a first individual loan of US$30 million. The Bahamas’ geography and climate give it enormous potential in the blue economy, which is an approach that yolks together economic growth, environmental sustainability and healthy marine

IDB Group Caribbean Governors Endorse the Regional Program 'One Caribbean'

PUNTA CANA, Dominican Republic — The Caribbean Governors of the Inter-American Development Bank Group (IDB Group) endorsed the “One Caribbean” program, a comprehensive framework designed to support enhancing living standards across the Caribbean region. The program focuses on four pillars: climate adaptation, disaster risk management and resilience; citizen security; private sector engagement; and food security, as well as two cross-cutting areas, strengthening institutions and facilitating digital transformation. The signing of this endorsement statement took place during the IDB and IDB

IDB Report Outlines Progress and Challenges in Managing Public Debt in the Caribbean

Public debt load in the Caribbean has fallen sharply to near pre-pandemic levels, according to a new report by the Inter-American Development Bank (IDB), which urges governments to continue on the path of prudent debt management, given uncertain global risks. The publication reveals that the average debt-to-GDP ratio rose from 75% in 2019 to 99% in 2020 and is estimated to have fallen to 77% at the end of 2023. The sharpest declines were observed in Guyana between 2020 and 2022 and in Jamaica between 2010 and 2019. “ Dealing with Debt in the Caribbean, ” part of the Caribbean Economics

IDB Presents 'One Caribbean' Program to Boost Climate Resilience and Promote Integration
DUBAI – During the 2023 United Nations Climate Change Conference (COP28), the Inter-American Development Bank (IDB) presented “One Caribbean,” a new regional flagship program that aims to promote the sustainable development of the Caribbean with a sharpened focus on high-impact initiatives. Caribbean countries are among the most vulnerable to the adverse impacts of climate change, such as rising sea levels, threats to agriculture and biodiversity, and more intense and frequent hurricanes and tropical storms. The IDB’s "One Caribbean" program includes four pillars: climate adaptation, disaster
IDB Pilots Innovative Data-Sharing Platform for Caribbean Water Utilities

A virtual community connects Caribbean water utilities for real-time data sharing and cost savings The Inter-American Development Bank (IDB) has launched a pilot version of an innovative data-sharing platform within a virtual community for Caribbean water utilities. Through the platform, utilities can exchange real-time data on parts and materials, expediting mutual aid and ultimately cutting costs. Through Source of Innovation , the IDB has partnered with H2bid, Inc. to provide a one-year pilot version of this groundbreaking platform, which is powered by AURSI. The H2bid/AURSI platform is a

IDB Publication Sums Up 10 Years of Lessons and Guidance on Boosting Creative Industries

Report shares how to foster growth in the creative economy, which already accounts for 2.2% of the GDP of Latin America and the Caribbean. The Inter-American Development Bank (IDB) released 10 Years of Championing Culture and Creativity: The IDB's Commitment to Cultural and Creative Industries , a publication that lays out challenges, opportunities, and recommendations for making culture and creativity a cornerstone of economic recovery in Latin America and the Caribbean. The creative economy has among the highest growth rates of any sector of the region’s economy. It generates $124 billion in

IDB Coordinates Focus on the Americas at World Water Week 2023

Leading global event on water and sanitation to explore the potential of innovation to tackle water and sanitation challenges. Latin America and the Caribbean, like the rest of the world, must embrace innovation to enhance water-related solutions for societies and economies. This is the central theme of the Focus on the Americas sessions at World Water Week (WWW) 2023 , the preeminent international platform for discussions within the water and sanitation sector. Hosted annually by the Stockholm International Water Institute (SIWI), WWW 2023 will provide valuable insights and bring together

Caribbean Water Utilities to Join Insurance Collective Segregated Portfolio

The Inter-American Development Bank (IDB) is leading the structuring of the Caribbean Water Utility Insurance Collective Segregated Portfolio (CWUIC SP) to support disaster response and recovery. The IDB has worked closely with CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) and the UK Government to establish CWUIC as a segregated portfolio (SP) within CCRIF SPC together with Climate Investment Funds (CIF), Caribbean Development Bank (CDB) and The Coca Cola Foundation. Caribbean countries are extremely vulnerable to natural disasters, and they experience disproportionate

IDB Presents ConectaLAC: The First Data Analytics Mapping Tool of Digital Connectivity for Latin America and the Caribbean

NEW YORK – The Inter-American Development Bank (IDB) today presented ConectaLAC , a pioneering digital analytics platform that will help governments and investors identify opportunities and design cost-effective projects to close digital connectivity gaps in Latin America and the Caribbean. IDB President Ilan Goldfajn presented the platform at SDG Digital , a global event during the United Nations SDG Acceleration Day convened by the U.N. Secretary-General António Guterres with support from the International Telecommunication Union (ITU) and the United Nations Development Programme (UNDP) as

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