The contest is accepting submissions until June 5, 2026 WASHINGTON – The Inter-American Development Bank Group (IDB Group) has kicked off the ninth Superheroes of Development contest in this World Cup year, tapping into the spirit of the world’s most popular sport to recognize the teams that, project after project, take to the field to fight for better lives in Latin America and the Caribbean. This year, Superheroes of Development spotlights values shared by both soccer and projects to improve lives in the region: teamwork, continuous learning from new experiences and evidence to improve
Program's two-year milestone yields new actions on cybersecurity, capital markets, and fiscal research PORT OF SPAIN, Trinidad and Tobago — The Inter-American Development Bank Group (IDB Group) launched three key regional initiatives on cybersecurity, capital-market integration, and fiscal policy under its regional ONE Caribbean program that aims to foster long-term stability and growth in the Caribbean. The new actions were presented during the ONE Caribbean Ministerial Dialogue in Port of Spain, Trinidad and Tobago, a high-level gathering that marked the program’s two-year milestone. Through
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
WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved an $80 million loan to enhance the resilience and sustainability of transport infrastructure and mitigate socioeconomic disruptions caused by recurrent flooding in New Providence, The Bahamas. This operation will finance a Global Multiple Works (GOM) program to increase the resilience of key transport corridors by improving draining systems and optimizing the effectiveness and efficiency of road maintenance. The program is aligned with ONE Caribbean, the IDB Group's comprehensive regional
WASHINGTON — The Inter-American Development Bank (IDB) approved a US$90 million loan to support improvements in the reliability and efficiency of electricity service in The Bahamas. This operation is the second in a Conditional Credit Line for Investment Projects (CCLIP) approved in 2020 to finance larger programmatic support to the energy sector and promote renewable energy in the country. This new operation aims to enhance the efficiency of electricity metering, optimize grid management, and strengthen the institutional capacity of the state-owned utility, The Bahamas Power and Light Company
WASHINGTON — Innovative financing solutions and public-private partnerships (PPPs) are key to unlocking the Caribbean’s development, according to a new report by the Inter-American Development Bank (IDB). Investment in smart, resilient, well-executed infrastructure projects will both help insulate the region from global economic shocks, as well as drive faster and more inclusive growth. The report, “Catalyzing Capital: Public-Private Partnerships for Resilient Growth,” provides a comprehensive analysis of the region’s infrastructure investment needs, the enabling environment for public-private
WASHINGTON — The Inter-American Development Bank (IDB) has approved a US$160 million loan to support The Bahamas in enhancing its disaster-risk management. The operation, which has been approved by the IDB's Board of Executive Directors, is the second loan in a series of two. The first, approved in 2023, focused on establishing the legal structure for disaster-risk management. It led to the passage of the Disaster Risk Management Act. This second loan will allow The Bahamas to design and adopt the core policy instruments created by that law, such as national standards for humanitarian
BRASILIA – As part of the Brazil-Caribbean Summit, with the participation of Caribbean Community (CARICOM) nations, the Inter-American Development Bank (IDB) today announced new measures to support the region through development and integration. In the IDB's view, the joint efforts of Brazil and CARICOM prove that regional integration works. One of the IDB's most important initiatives is the creation of a multi-donor fund for the ONE Caribbean program, a platform for collective action focused on climate resilience and disaster-risk management, citizen security, private-sector development, and