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The international meeting organized by the IDB's innovation and venture capital laboratory will promote innovative solutions that generate impact at scale in Latin America and the Caribbean. IDB Lab, the Inter-American Development Bank's innovation and venture capital lab, will hold the third edition of IDB Lab Forum Oct. 31-Nov. 1 in Buenos Aires, Argentina. The Forum is a flagship event dedicated to business innovation, venture capital and technology for development. This edition will focus on financing innovation and development of entrepreneurial ecosystems to generate greater impact in

Amazonia Forever program marks one-year anniversary with operations portfolio growing to $4.2 billion BELÉM, Brazil — The U.S. Secretary of the Treasury, Janet Yellen, Ministers from the Amazonian countries, and the IDB president, Ilan Goldfajn, met today to discuss opportunities for cooperation under Amazonia Forever , the IDB’s holistic program for the sustainable development of the Amazonia region marking its first year of implementation in preparation for COP 16 and COP30. Some of the topics discussed included the need to assist countries to mobilize, upscale, and catalyze financial

IDB Lab, the innovation laboratory of the Inter-American Development Bank Group (IDB Group), in collaboration with the IDB and IDB Invest, and the U.S. government, through its agency USAID, is launching the Sargassum Innovation Quest . The initiative aims to harness the potential of the sargassum biomass and improve the resilience in Latin America and the Caribbean’s coastal communities through the use of advanced technology and innovative practice. Since 2011, the region has faced significant challenges from the influx of sargassum, impacting tourism, fisheries and coastal ecosystems. The

The Inter-American Development Bank's innovation laboratory, IDB Lab, has launched two innovative initiatives to protect biodiversity and promote sustainable development in the Amazon basin. The move was announced in Manaus, Brazil, during the Sustainability Week of IDB Invest, the private sector arm of the IDB Group, an event where global and regional leaders joined forces to foster sustainable solutions for the Amazon region. The approved projects, Amazon BeEco and ReGenerate Accelerator and Investment Fund for the Amazon, will provide bioeconomy training for families, communities and early

MANAUS, Brazil – The Inter-American Development Bank (IDB) announced today a technical cooperation agreement with the Brazilian Forest Service (SFB) and the National Bank for Economic and Social Development (BNDES) to support the structuring of public-private partnership (PPP) projects to sustainably manage subnational environmental assets in the Brazilian Amazon. The non-reimbursable technical cooperation of $1 million is funded by the Green Climate Fund (GCF) through the IDB's Amazonia Forever program. The cooperation will focus on helping structure subnational PPP projects for forest

With the economic and social stresses of the pandemic receding, Caribbean economies are experiencing continued growth into 2024, according to a new report by the Inter-American Development Bank (IDB). After the strong economic recovery of 2021–2023, Caribbean economies continue to grow at a somewhat faster pace than the Latin America and the Caribbean region, though country circumstances vary. For example, economic growth in Guyana is expected to be over 30% this year, while tourism-oriented economies are expected to grow only 2.6%. At the same time, economies are experiencing diverging

The call will be open from May 20 to June 28, 2024 The Inter-American Development Bank Group (IDB Group) launched the seventh edition of the Superheroes of Development contest to recognize clients and executing institutions excelling in the successful resolution of challenges during the implementation stage of development projects. Superheroes of Development is a BIDAcademy initiative that rewards the best lessons learned from operations containing stories that have the potential of helping other initiatives attain effective implementation. Studying the challenging path that others have

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