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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 Lab Invests in Electric Vehicles in Trinidad and Tobago to Reduce Emissions

IDB Lab, the innovation and venture laboratory of the Inter-American Development Bank Group (IDB Group), will invest reimbursable and non-reimbursable financing in the startup GoElectricTT to launch a new business model that aims to catalyze the adoption of electric vehicles in Trinidad and Tobago. GoElectricTT will offer short- and long-term leases and rentals of an all-electric vehicle fleet and will engage in outreach and public education on the benefits of using the vehicles. With an initial fleet of 15 vehicles, the startup will focus on the business sector of Trinidad and Tobago and

IDB Group and Caribbean Governors Discuss Climate Resilience and Integration
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
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

Trinidad and Tobago will Advance Digital Transformation with IDB Support

The Inter-American Development Bank approved a US$90 million Conditional Credit Line for Investment Projects, which includes a first individual loan of US$42 million, to facilitate the digital transformation of Trinidad and Tobago by supporting the expansion and enhancement of the digital economy. The two operations were approved by the IDB's Board of Executive Directors. The Conditional Credit Line for Investment Projects consists of up to three individual and sequential loans over the course of 10 years. The first loan is designed to boost productivity through inclusive and safe digital

IDB Supports Digitalization of Music Production and Distribution in Trinidad and Tobago

PORT OF SPAIN, Trinidad and Tobago - Trinidad and Tobago local Soca artists Hey Choppi and 5ILVA releases the song “Call Meh”, as part of a project with the Inter-American Development Bank (IDB). The venture aims to highlight the country’s music export potential, boosted by the ever-increasing role of digital transformation in Trinidad’s creative and knowledge-based services sectors. The track “Call Meh” is available on all music streaming platforms globally starting today and via Soca legend Machel Montano's Monk Music record label in the link https://monk.smmlinkup.com/callmeh . Soca music

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

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