IDB Announces Settlement with Copasa do Brasil Regarding Prohibited Practices

August 11, 2022
The IDB has announced the debarment of the Brazilian Sociedad Anónima de Obras y Servicios Copasa do Brasil (Copasa do Brasil) for 18 months in connection with allegations of corrupt and fraudulent practices. The prohibited practices were committed by a consortium to which Copasa do Brasil was a non-leading party in the context of a roads construction contract under the Mario Covas Rodoanel Project - Northern Section.
2022-08-11

IDB, BNDES Partner to Enable Investment in Water and Sanitation for Vulnerable Groups

August 10, 2022
The two banks signed an agreement to create tools for preliminary assessments of water and sanitation projects, with a focus on remote areas where projects are less viable financially The model to be developed will be key to meeting the goal of universalizing sanitation in Brazil 
2022-08-10

Red Hat and IDB Collaborate to Promote Development in Latin America and the Caribbean

August 10, 2022
Red Hat, Inc., a leading provider of enterprise open-source solutions, and the Inter-American Development Bank (IDB) formalized their partnership through the signing of an agreement that aims to support digitalization, the strengthening of value chains, and the empowerment of women in the Latin America and the Caribbean region.
2022-08-10

IDB Approves $80 Million to Boost MSMEs Productivity in Argentina

August 08, 2022
Argentina will increase productivity of micro, small and medium-sized enterprises (MSMEs) with an $80 million loan approved by the Inter-American Development Bank (IDB). 
2022-08-08

IDB Report: Better Access to Financing for Firms Could Drive Growth and Jobs in Caribbean

August 08, 2022
A new report from the Inter-American Development Bank (IDB) and IDB Invest recommends Caribbean countries focus on overcoming obstacles to financial access and inclusion for businesses, because having more developed and inclusive financial systems could increase growth and reduce poverty and income inequality.
2022-08-08

Barbados to Promote Environmental Sustainability with Innovative IDB Solution

August 04, 2022
Barbados will promote environmental sustainability and economic development with a US$100 million guarantee approved by the Inter-American Development Bank (IDB) that will allow the country to create a long-term instrument to finance measures related to sustainability and marine conservation.
2022-08-04

IDB Backs Argentina’s Push to Modernize Solid Waste Management

August 03, 2022
The Inter-American Development Bank (IDB) approved a conditional line of credit for up to $300 million to improve integrated municipal solid waste management in Argentina. As part of the credit line, the IDB authorized an initial $70 million operation, to which the European Investment Bank will add $50 million and Argentina $17.5 million. This line of credit and its first operation will fund projects and equipment to more properly dispose of municipal solid waste and improve waste valorization and recovery using socially inclusive strategies.
2022-08-03

After Surviving the Pandemic, Companies in Latin America, Caribbean Need Help - Report

August 03, 2022
Companies throughout Latin America and the Caribbean survived the pandemic by cutting back on investment, which reduced capital levels and now threatens to slow economic growth in the region. More than two years after the onset of COVID-19, productive capital numbers remain 20% below pre-pandemic levels.
2022-08-03

Uruguay to Enhance Digitalization of Agriculture with IDB Support

August 03, 2022
The Inter-American Development Bank (IDB) approved a $6.5 million loan to make Uruguay’s agricultural industry more competitive by digitalizing more services and activities offered by the country’s Ministry of Livestock, Agriculture and Fisheries.
2022-08-03

Uruguay to Promote Innovation and Entrepreneurship with $45 million IDB Loan

August 01, 2022
The Inter-American Development Bank (IDB) has approved a $45 million loan to help speed up Uruguay’s post pandemic economic recovery by fostering business innovation and productivity. The loan is the last in a series of three under a $100 million conditional credit line approved in 2017 to provide technical and financial support to the country’s National Research and Innovation Agency.
2022-08-01