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

GEORGETOWN, Guyana – The Inter-American Development Bank Group (IDB Group) today signed six new agreements with Guyana, including two operations with the government of Guyana that focus on improving the country's education sector by enhancing education quality and infrastructure and an amendment to a current operation to strengthen Guyana’s energy matrix diversification and reliability. Additionally, IDB Invest, the private sector arm of the IDB Group, signed three operations with companies in Guyana for financing in the logistics sector, tertiary education and sustainable tourism.

Georgetown, Guyana As prepared for delivery His Excellency Dr. Mohamed Irfaan Ali, President of the Co-Operative Republic of Guyana; Distinguished Governors and Heads of Delegation; Members of the Delegations; Executive Directors of the Inter-American Development Bank and IDB Invest; Senior Management of the IDB Group; Ladies and Gentlemen, I'm honored to be in Guyana and especially in the city of Georgetown, on my first official visit to Guyana as the IDB’s president. Guyana means the “land of many waters.” And it’s no secret why! Your country is made up of a seemingly endless tapestry of

GEORGETOWN, Guyana – The Inter-American Development Bank Group (IDB Group) held its XII Annual Consultation with the Governors of IDB Caribbean member countries on February 23-24 in Georgetown, Guyana. The gathering was part of preparations for the IDB and IDB Invest Annual Meetings, which will take place on March 6-10 in the Dominican Republic. This high-level dialogue included representatives from The Bahamas, Barbados, Guyana, Suriname and Trinidad and Tobago and a representative from the Caribbean Development Bank, a longstanding partner of the IDB, which facilitates support to Eastern

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

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

The Board of Executive Directors of the Inter-American Bank (IDB) approved a new Country Strategy with Guyana for 2023 through 2026. The strategy is focused on resilient infrastructure, human capital development with an emphasis on improving health and education outcomes and social services and strengthening institutional capacity. With an indicative lending pipeline of US$550 million from the sovereign side of the bank, the strategy aims to continue supporting Guyana as it pursues sustainable development and inclusive growth within a diversified economy. Additionally, there is an expected

BRASILIA – IDB Lab, the innovation arm of the Inter-American Development Bank Group, today launched two initiatives to promote biobusinesses in the Amazon region as part of the Amazonia Forever program. The partnerships were announced during the Brasil Investment Forum , an event promoted by the Brazilian Government with IDB support to showcase investment opportunities in Brazil. The Amazon was one of the topics discussed among the panels. In partnership with Conexsus and the Green Climate Fund (GCF), the first initiative aims to increase revenues for community-based biobusinesses in the

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

The Inter-American Development Bank (IDB) approved a US$90 million loan to contribute to human capital development in Guyana. The loan approved by the IDB's Board of Executive Directors is designed to expand access to safe and improved learning environments and enhance educational services for vulnerable students in Guyana. This is the first individual operation of a conditional credit line for investment projects (CCLIP) valued at US$150 million. This first project supports the foundation for transforming Guyana’s education sector by improving the quality of the service and addressing