Remittances received by Latin American and Caribbean countries are projected to reach a record $155 billion in 2023 if the trends observed to date continue, according to a new report by the Inter-American Development Bank . This is an increase of 9.5% compared to the $142 billion received in 2022, completing fifteen consecutive years of growth. The sustained growth of remittances reflects new intraregional migratory flows and the contribution that migrants make to their countries of origin. Despite a moderate increase between 2017 and 2019 and the extraordinary growth in 2021 (26.7%) during

The initiative is part of IDB's support for Paralympic sports through the "On your marks, ready, inclusion" project, implemented in partnership with the International Paralympic Committee. The Inter-American Development Bank (IDB) will finance and lead, in collaboration with the Parapan American Games, the implementation of Navilens technology in the Athletes' Village at the 2023 Santiago Parapan American Games in Chile. Navilens provides accessibility for individuals with visual impairments, enabling the navigation of indoor and outdoor spaces. This technology, which will also be available in

The 2024 Annual Meetings of the Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest will take place in Punta Cana, Dominican Republic, from March 6 to 10, 2024 . The Boards of Governors are the highest authority responsible for the governance of the IDB and IDB Invest. Most are ministers of finance, ministers of the economy, or central bank presidents of their countries. During the event, economic and financial leaders from the 48 member countries of the IDB will discuss the challenges and opportunities for development in Latin America and the Caribbean. Some of the

BRASILIA - Inter-American Development Bank (IDB) President Ilan Goldfajn and Brazil’s Vice-President and Minister of Development, Industry, Commerce and Services (MDIC) Geraldo Alckmin today signed a letter of intent to foster trade-facilitation and export-promotion activities in Brazil. On trade facilitation, the IDB will support the Ministry in implementing the New Import Process within the scope of the Single Foreign Trade Portal Program, the main effort to reduce bureaucracy in Brazilian foreign trade. The initiative aims to eliminate inefficient bureaucracy, simplify procedures, harmonize

Latin American and Caribbean cities have the potential to boost their economies by better integrating migrants, according to a new report by the Inter-American Development Bank (IDB). “ Rethinking Urban Migration: Policy Options for Cities in Latin America and the Caribbean ,” part of the IDB’s Microeconomic Reports series, argues that, by successfully integrating well-trained and highly productive migrants into urban economies, local policymakers can set the course for economic growth in their cities. “By better integrating migrants, cities can tap into a dynamic labor force with a wealth of

U.S. government and IDB finalize three new agreements to boost programs on migration, private-sector investments in infrastructure, and biodiversity. The Inter-American Development Bank Group (IDB Group) and the U.S. government deepened their cooperation in Latin America and the Caribbean with three new agreements in the areas of migration, preservation of biodiversity, and facilitation of private-sector investment in infrastructure. The agreements were announced on November 3 during the Americas Partnership for Economic Prosperity (APEP) Leaders’ Summit in Washington, D.C. “Today's