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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

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 and Barbados Boost Coastal Resilience against Climate Change

The new operation, signed by IDB President Goldfajn and Barbados Prime Minister Mottley, promotes climate-resilient investments. PUNTA CANA, Dominican Republic — Inter-American Development Bank (IDB) President Ilan Goldfajn and Barbados Prime Minister Mia Amor Mottley signed today a US$50 million loan to support Barbados in its efforts to boost the climate resilience of its coastal areas and foster climate-resilient economic development. The signing took place during the Annual Meeting of the Boards of Governors of the IDB and IDB Invest, its private-sector arm, in Punta Cana, Dominican

Barbados to Complete Sustainable Development Policy Program with IDB Support

The Inter-American Development Bank (IDB) has approved a US$100 million loan that allows Barbados to continue modernizing its policies, laws and regulations as it strives to achieve sustainable development. The operation is the third in a series of three policy-based loans designed to enhance how Barbados plans its land use, controls development, and manages its water resources, natural assets, resilience, and disaster risk.

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 to Help Barbados Increase Coastal Resilience to Climate Risk

The Inter-American Development Bank (IDB) has approved a US$50 million loan to help Barbados boost the climate resilience of its coastal areas and foster climate-resilient economic development. The operation approved by the IDB's Board of Executive Directors will reduce the risks of erosion and flooding along the country’s coasts and make coastal activities safer for communities and tourists. It will also enhance community living standards and tourism value by improving access for people with disabilities and women. Additionally, the operation aims to improve the technical capacity and

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 Announces First Nine Countries to Join IDB CLIMA

DUBAI – The Inter-American Development Bank (IDB) announced today the first nine eligible projects that will be part of the IDB CLIMA pilot program. IDB CLIMA is an innovative financial approach that rewards borrowers for achieving nature and climate objectives. The reward is provided in the form of a grant, in the amount of 5% of the IDB loan principal. IDB CLIMA’s goal is to help countries access green and thematic debt markets to mobilize capital for climate and nature investments at a larger scale. IDB CLIMA will initially fund ten pilot projects, with a total lending envelope of $1

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

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