QUITO — Inter-American Development Bank Group (IDB Group) President Ilan Goldfajn today announced $7.5 billion in support from the institution to accompany Ecuador’s development over the next five years. This financial package could reach up to $10.5 billion, depending on the evolution of enabling conditions for investment and implementation. The support, aligned with the new Country Strategy between Ecuador and the IDB Group, will combine sovereign financing and private-sector operations through IDB Invest and IDB Lab, as well as technical assistance and support for reforms to foster growth
WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $204.2 million financing package to support energy investments in Bolivia’s Northern Amazon Region (NAB). The package consists of a Specific Investment Loan (ESP) of $142.2 million, financed with the Bank’s Ordinary Capital resources; and a $60 million loan, together with a $2 million non-reimbursable investment grant, financed through the Climate Investment Funds (CIF), to strengthen energy security in the region. The IDB-supported program, framed within the Bank’s regional initiative
WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved up to $40 million in financing to enhance Panama’s health system and expand health coverage. The program will improve access to quality healthcare services, better protect the population from the financial burden of healthcare, increase the efficiency of Panama’s health system, and expand coverage in rural and Indigenous areas. The initiative will benefit people throughout the country by supporting national reforms to integrate the health services of the Ministry of Health with those of the
WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $53 million investment loan to improve revenue and expenditure management in the Brazilian state of Piauí. The project, part of the third phase of the IDB-backed PROFISCO program in Brazil, will modernize fiscal management in Piauí, strengthening fiscal sustainability and supporting the alignment of the state with Brazil’s consumption tax reform. The project will improve public sector governance, planning, and transparency. It includes workforce training and fiscal education programs for the
WASHINGTON — The Inter-American Development Bank (IDB) and the Korea National Police Agency (KNPA) signed a memorandum of understanding (MoU) to strengthen cooperation in public security and institutional capacities in Latin America and the Caribbean. The agreement establishes a non-exclusive framework to promote cooperative programs and projects aimed at improving public security in the region. The collaboration focuses on strengthening law enforcement institutions by leveraging advanced investigative technologies and the KNPA’s “K-policing” model. Emilio Pineda, Manager for the Institutions
GUATEMALA CITY — Guatemala will host the 2027 Annual Meetings of the Inter-American Development Bank (IDB) Group on March 10-14. The Meetings are the IDB Group’s annual flagship event and one of the premier economic and development-focused gatherings in Latin America and the Caribbean. This year’s Meetings in Paraguay brought together approximately 4,000 participants from 53 countries, about half from the private sector, including nearly 400 CEOs and 700 senior executives. “Guatemala is a longstanding partner of the IDB Group, and we are pleased to bring our Annual Meetings to the country in
WASHINGTON — The Inter-American Development Bank (IDB) and the World Bank have approved the Full Mutual Reliance Framework (FMRF), an innovative cofinancing arrangement that will help streamline jointly financed development projects in Latin America and the Caribbean. This framework delivers on a longstanding request from shareholders for multilateral development banks (MDBs) to work more effectively as a system and maximize development impact. Under the FMRF, the IDB and the World Bank may rely on one another's operational policies when cofinancing eligible projects, reducing duplication and
WASHINGTON – Presented in the context of the 2026 World Cup and the IDB Group's The Development World Cup series of initiatives, GameChangers: The Field's Pulse Meets the Gallery brings art and sport into dialogue through soccer as a cultural force and a driver of development across Latin America and the Caribbean. Curated by Manuela Reyes and Mariana Mejía, the exhibition features works by Alma Digital, Rodrigo Ímaz, Felipe Jácome, Mandy Barker, Lao Gabrielli, Ronald Pizzoferrato, among others. It explores the relationship between art and sport through emotion, perception, and memory