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Panama to Modernize Justice System with IDB Support

September 29, 2023
The Inter-American Development Bank (IDB) approved a $60 million credit line to enhance the management of Panama’s justice system using digital technologies. It also approved the first individual $30 million loan under the credit line. This loan will focus on supporting the digital transformation of Panama’s Judiciary.
2023-09-28

IDB launches C$500 Million 5-year Sustainable Development Bond

September 29, 2023
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new C$500 million 5-year CAD Sustainable Development Bond (“SDB”). The transaction in Canadian dollars pays a semi-annual coupon of 4.600% and matures on the 1st of March 2029.
2023-09-29

Panama Seeks to Expand Financing for Small Businesses with IDB Support

September 28, 2023
The Inter-American Development Bank (IDB) has approved $150 million in financing to launch the first guarantee fund to back loans for micro, small, and medium enterprises (MSMEs) in Panama.  An estimated 2,200 Panamanian MSMEs—primarily in agriculture, commerce, and services—will be able to access financing with the backing of the new guarantees fund. Of the operation’s total resources, 20% are expected to guarantee loans for climate adaptation and mitigation and 20% will support women-owned or women-led enterprises.
2023-09-28

Brazilian State of Rio Grande do Sul to Bolster its Public Finances

September 28, 2023
The Inter-American Development Bank (IDB) approved a $500 million loan to boost the fiscal sustainability of the state of Rio Grande do Sul in Brazil.  The program will help the state reduce its court-ordered payment obligations. These obligations, known as precatorios, arise when the state misapplies legislation or uses flawed or outdated management instruments and systems. Broadly speaking, the precatorios include fines and/or indemnities for violations of the labor rights of the state’s employees or pensioners.
2023-09-28

IDB’s Innovative Financing Tool Rewards Results on Nature and Climate

September 27, 2023
Tool is the first of its kind among multilateral development banks The Inter-American Development Bank (IDB) has become the first multilateral development bank to offer a financing tool that rewards countries for achieving nature and climate objectives.
2023-09-27

IDB Approves $150 Million to Improve the Health System in Honduras 

September 25, 2023
The Inter-American Development Bank (IDB) approved a $150 million loan to strengthen and expand the Hospital Network in Honduras. The program seeks to improve the effectiveness and access to specialized maternal and child hospital services, care for externally caused injuries and non-communicable diseases. 
2023-09-27

IDB Approves a Loan of $67.8 Million for Education in Florianópolis

September 25, 2023
The Inter-American Development Bank has approved a loan of $67.8 million to improve education in the municipality of Florianópolis. The funds will allow the expansion of full-time early childhood education coverage and the promotion of more efficient and inclusive teaching and learning practices.
2023-09-25

Honduras to Improve Water and Sanitation Services with IDB Support

September 21, 2023
The Inter-American Development Bank (IDB) approved up to $56.1 million in financing to enhance the continuity of and quality of access to water and sanitation services for the residents of Honduras’s Central District. The program’s reforms will consolidate municipal control over this the services and enhance the sector’s governance and management, in the context of climate change.
2023-09-21

IDB and Banco do Brasil Launch Program to Promote Biodiversity and Climate Action

September 21, 2023
NEW YORK - The Inter-American Development Bank (IDB) and Banco do Brasil today signed a letter of intent paving the way for a $250 million financing program, part of a Conditional Credit Line for Investment Projects (CCLIP) of up to $1 billion. The program will promote the bioeconomy and sustainable infrastructure initiatives, with an emphasis on connectivity and renewable energy sources, in Brazil's Amazonian states. The announcement was made during a meeting between IDB President Ilan Goldfajn and Banco do Brasil President Tarciana Medeiros.
2023-09-21