WASHINGTON — IDB Lab, the innovation and venture arm of the Inter-American Development Bank Group (IDB Group), announced an investment of $8 million in the AgVentures III Fund managed by SP Ventures in collaboration with the Japan International Cooperation Agency (JICA) and other partners to support "agtech" and "foodtech" innovation across Latin America and the Caribbean. The AgVentures III Fund aims to raise $80 million to invest in up to 22 tech startups addressing key agriculture and food production challenges. These companies will develop innovative solutions that can be scaled up across
WASHINGTON — The Inter-American Development Bank (IDB) has approved a new Unified Investment Lending Policy (UIP) that will allow investment financing to be deployed faster, more easily, and more clearly tied to outcomes. Under the UIP, the IDB is streamlining lending instruments — covering loans, grants, and guarantees — and introducing new modalities that: strengthen disaster-risk management and resilience; make it easier to scale up financing for successful development projects; and support long-term programs to tackle shared challenges in areas such as regional integration and cross-border
WASHINGTON — Caribbean economies have demonstrated notable resilience in the face of global economic headwinds, according to a new report from the Inter-American Development Bank Group (IDB Group). Strong performance in tourism and energy has anchored regional growth, although significant downside risks persist. The latest edition of the Caribbean Economics Quarterly, "How Are External Forces Impacting Trade, Growth, and Investment in the Caribbean?" offers a comprehensive analysis of the region's economic outlook. The study examines global trends and their implications on the economies of The
LA PAZ — The Inter-American Development Bank Group (IDB Group) and Bolivian authorities agreed on a $4.5 billion package for 2026-2028 to support the new government’s ambitious reform agenda to stabilize the economy, restore growth, and expand job creation. It includes targeted financing for social protection, private investment, infrastructure, budget support, and capital mobilization. The package represents nearly six times the Bank’s previous allocation to Bolivia. President Ilan Goldfajn reaffirmed the IDB Group’s support for Bolivia’s economic stabilization and pro-growth reforms during a