WASHINGTON — The Inter-American Development Bank (IDB) has approved a $500 million Loan Based on Results to increase healthcare benefits for retirees and pensioners affiliated with the National Institute of Social Services for Retirees and Pensioners. The operation, which has been approved by the IDB Board of Executive Directors, aims to improve existing comprehensive care policies for chronic diseases, provide more access to cancer treatment, expand coverage for people who need long-term care, and enhance affiliates’ experience with the services provided by the Institute. The program will
WASHINGTON — Lending by multilateral development banks (MDBs) and development finance institutions (DFIs) to private entities in emerging markets performed comparably to that in advanced economies, with an average default rate of 3.54% and recovery rates exceeding global benchmarks at 72.9%, according to new statistics by the Global Emerging Markets Risk Database (GEMs) Consortium. The results shed light on investment risks and opportunities in emerging markets and developing economies (EMDEs) and underscore the importance of greater data transparency in supporting private-capital mobilization
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 $40 million investment loan to support the development of Ecuador’s agricultural public services. The financing, approved by the IDB’s Board of Executive Directors, will help strengthen agricultural research, promote technology transfer, improve information management, and consolidate governance of the agricultural research, development, and innovation system. In addition, the loan will support agricultural health services by enhancing laboratory diagnostic capacity, risk management, and disease and pest surveillance
The IDB Group honors projects from Panama, Brazil, and Bolivia for overcoming implementation challenges and generating replicable lessons for the region. WASHINGTON – The Inter-American Development Bank Group (IDB Group) announced the winners of the eighth iteration of the Superheroes of Development contest. This initiative celebrates development projects that have overcome major implementation challenges, drawing lessons from their experience that can be replicated in other countries in Latin America and the Caribbean. Over its history, the contest has received more than 750 entries from 26
WASHINGTON — The Inter-American Development Bank (IDB) has approved a $100 million grant to help Haiti rebuild essential health services in its three northern departments to save lives and prevent disabilities. The operation, which has been approved by the IDB's Board of Executive Directors, will contribute to improving the health system, conduct key health surveys and analyses for health management, and advance the digitalization of health care, using the information to develop a medium-term investment master plan. The initiative will also build on interventions carried out since 2022 through