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IDB and Slovenia to Promote Technology and Digital Solutions for Development

PUNTA CANA, Dominican Republic — The Inter-American Development Bank (IDB) and the Republic of Slovenia signed a letter of intent for a 2 million euros contribution, marking Slovenia's first donation to a multilateral development bank. As a non-borrowing member of the Bank, Slovenia will collaborate with the IDB to identify opportunities to test and pilot technology and digital solutions for projects across various sectors in Latin America and the Caribbean.

In addition to joint technical assistance for relevant projects in selected themes and countries, these resources could also support institutional capacity building and policy support for beneficiary countries in relevant areas of interest, as well as activities to promote evidence generation and knowledge dissemination regarding related themes of interest in the region.

"Digital technologies are driving the economy and transforming production processes. The partnership with Slovenia will strengthen IDB's efforts to assist governments in the region in fostering innovation and advancing the development of digital business models," said IDB President Ilan Goldfajn.

"This letter of intent demonstrates the common interest of the Republic of Slovenia and the IDB in exploring technologies and digital solutions that can contribute to the most pressing challenges in Latin America and the Caribbean. As one of Europe's leading countries in the field of digitalization, we are keen to share our expertise in this area," said Slovenian Minister of Finance, Klemen Boštjančič.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research projects and provides policy advice, technical assistance, and training to public and private-sector clients throughout the region. Take our virtual tour.

About the Republic of Slovenia, Ministry of Finance

The Ministry of Finance performs tasks concerning treasury, public accounting, the budget, public procurement, tax and customs systems, general government revenue, the financial system, financial assets, guarantees, public sector borrowing, public–private partnerships, the transparency of financial relations, the prevention and detection of money laundering, the organization of gaming, state aid, and macroeconomic analyses and forecasts.



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The IDB's Office of Outreach and Partnerships manages and promotes alliances with hundreds of diverse partners who share their resources and knowledge to complement and maximize our goal of sustainable and inclusive development.

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