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WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved $280 million in Multiple Works Financing to improve provincial roads and urban access routes in the Argentina's Entre Ríos Province, contributing to productive development, trade, and regional connectivity. The project will finance the reconstruction and comprehensive rehabilitation of strategic provincial roads and urban bypasses along segments with heavy truck traffic and will improve access and circulation conditions across the local road network. In addition, the program will strengthen

WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $52.9 million loan for the state of Maranhão in Brazil to strengthen fiscal revenue and public expenditure management. The operation will modernize Maranhão’s fiscal management by aligning systems and processes with the country’s consumption tax reform as well as enhance the state’s ability to deliver services and support sustainable economic and social development. This new plan is part of the third phase of the PROFISCO Program, a national IDB-supported initiative to strengthen fiscal

PARIS – The signatory Multilateral Development Banks (MDBs) are responding to requests for support from countries and clients to help address the heterogeneous and compound impacts from the conflict in the Middle East, including disruptions to energy and fertilizer markets and trade routes, with spillover effects on inflation, food security, jobs, fiscal and external balances, and financing conditions. MDBs are uniquely positioned to combine financing, policy support, private sector instruments, and technical expertise at scale to help countries manage shocks, preserve development gains, and

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

WASHINGTON — The Inter-American Development Bank (IDB) today announced the appointment of Everett Eissenstat as Executive Vice President, following his approval by the Board of Executive Directors. He will begin on June 1, 2026. In his role, Eissenstat will serve as the Bank’s chief operating officer, with responsibility for the operation of the institution and its senior management. He will oversee the quality control and risk management of all IDB operations, advise the president on key corporate planning issues, and is responsible for the implementation of business and strategy plans.

Tax revenues rose in more than half of the countries in Latin America and the Caribbean (LAC) in 2024, with the largest gains occurring in those that implemented major tax reforms, according to a new report. Revenue Statistics in Latin America and the Caribbean 2026, released today at the UN-ECLAC 38th Regional Fiscal Seminar in Santiago, Chile, shows that tax revenues rose as a share of GDP in 15 of the 28 countries in the LAC region included in the report and declined in 13. The largest increases were observed in Antigua and Barbuda (1.9 percentage points [p.p.]), Brazil (2.0 p.p.), Barbados

WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved $100 million in financing to improve governance and institutional capacity at the Tax Collection and Customs Control Agency (ARCA, its Spanish acronym) and to strengthen tax revenue administration. The project finances a comprehensive transformation — both functional and digital — based on four pillars: Improving ARCA’s management and institutional capacity through the redesign of tax processes, optimization of human resources management, and enhanced coordination with other government

WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved an $85 million program to deepen the digital transformation of the health system in Mendoza province. The operation will benefit over 1.2 million people, more than two-thirds of whom rely exclusively on public health coverage. The other third use the province's public health services each year, despite having private, prepaid health insurance or employment-based insurance. The project will enhance health facilities’ technological infrastructure to enable them to expand remote services

New UN Tourism-IDB publication highlights how data and governance improve tourism outcomes. SAO PAULO — World Tourism Organization (UN Tourism) and the Inter-American Development Bank (IDB) launched a new publication highlighting how tourism observatories can strengthen sustainable tourism development in Latin America and the Caribbean by improving data-driven decision-making, governance, and destination management. “ Shaping Sustainable Tourism – the Role of Tourism Observatories in Latin America and the Caribbean,” was presented during the 1st World Travel Market (WTM) Latin America

New analysis charts path to scaling investment and bolstering sustainable resilience across the Caribbean PORT OF SPAIN, Trinidad and Tobago — Greater investment is needed for Caribbean countries to strengthen resilience, close infrastructure gaps and achieve sustainable growth, according to a new joint report by the Inter-American Development Bank Group (IDB Group) and the Organization for Economic Co-operation and Development (OECD). The main findings of the second edition of the Caribbean Development Dynamics Report 2026: Investing in Sustainable and Resilient Development was central in the