WASHINGTON – The Inter-American Development Bank Group (IDB Group) has announced six finalists for Superheroes of Development 2026, an award that highlights lessons learned from IDB Group-financed initiatives in Latin America and the Caribbean. The selected projects stand out for transforming complex challenges into opportunities to generate impact, draw lessons, and develop replicable solutions in the region. The finalist projects span a wide range of sectors and approaches: from digital connectivity and education to transportation infrastructure, energy transition, and resilience. Each
SEOUL – The Inter-American Development Bank (IDB) and the Jeju Province of the Republic of Korea signed a Memorandum of Understanding (MoU) establishing a framework for cooperation to advance sustainable tourism development and strengthen energy governance in Latin America and the Caribbean. Under the agreement, the parties will explore the implementation of digital transformation tools for smart tourism, including the use of artificial intelligence, data analytics, and other measures to improve tourism management and governance. The collaboration will also cover activities to promote cost
TOKYO — The Inter-American Development Bank Group (IDB Group) has signed two Memorandums of Cooperation (MoC) with the Government of Japan to advance their joint work on health systems, digital health, long-term care, resilient infrastructure, and urban development in Latin America and the Caribbean. The two agreements are part of a package that expands resources from the Japan International Cooperation Agency (JICA) to $6.5 billion, and is expected to generate co-financing of approximately $7.5 billion based on the average of the last years, totaling $14 billion of financing to the region
TOKYO — The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) expanded their partnership to $6.5 billion, which is expected to generate approximately $7.5 billion in additional resources, based on the average of recent years – totaling $14 billion in financing for Latin America and the Caribbean. The new framework also adds critical minerals and agriculture as strategic areas of cooperation. A new memorandum of cooperation (MoC) with JICA and Japan’s Ministry of Finance will also support health and care systems across the region. The
BELIZE CITY– Belize has joined the 100% Alliance for Sustainable Ocean Management, reinforcing its leadership in marine conservation and the blue economy. With support from the Inter-American Development Bank (IDB), the country is advancing integrated ocean management to foster climate resilience, biodiversity conservation, and sustainable economic growth. Belize's commitment to sustainably manage 100% of the ocean areas under its national jurisdiction by 2030 builds on a strong foundation of work already underway. Key initiatives such as the Belize Sustainable Ocean Plan, Blue Bonds, marine
The IDB Group flagship event will take place on October 5-7 in Ecuador. WASHINGTON — Leaders from the global entrepreneurial ecosystem will gather in Quito, Ecuador, on October 5-7 for GET Forum 2026, the Inter-American Development Bank Group’s (IDB Group) flagship event on innovation and early-stage investment for development. The forum aims to turn the region's entrepreneurial drive into businesses, investment and development impact at scale. More than 100 international speakers and 800 participants are expected to attend the high-level conference in Quito, along with over 2,000 attendees at
WASHINGTON — Caribbean economies have achieved notable fiscal consolidation and debt reduction despite the persistence of high global interest rates and volatile energy markets, according to a new Inter-American Development Bank (IDB) report. The new edition of the Caribbean Economics Quarterly (CEQ), titled “Fiscal Resilience, Debt Reduction and Domestic Resource Mobilization in the Caribbean,” examines the fiscal and debt trajectories of six member countries of the IDB’s Caribbean Country Department: The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. It finds that
WASHINGTON — Belize will be able to access emergency funds more rapidly after a major hurricane thanks to a pioneering catastrophe swap executed by the Inter-American Development Bank (IDB), strengthening the country’s financial resilience and ability to respond to disasters over the next two hurricane seasons. Under the transaction, the IDB arranged the transfer of a layer of Belize's hurricane risk to international reinsurance markets through Swiss Re, which provides the underlying parametric coverage. The protection runs from August 1, 2026, through May 31, 2028, ensuring quick access to