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WASHINGTON, D.C . – The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a $100 million programmatic policy-based loan to support structural reforms that will strengthen fiscal sustainability in Honduras. The loan is the first of two standalone, but technically linked operations, designed to strengthen regulatory and institutional capacity that improve the country’s fiscal resilience to external shocks. The first IDB operation will strengthen the country’s fiscal responsibility framework and enhance institutional capacity for macrofiscal management within

WASHINGTON — Governments play a key role in strengthening labor markets' resilience through employment services, but expanding their capacity to address persistent gaps will be critical in an era of increasingly frequent shocks. Only 38% of countries provide a full portfolio of Public Employment Services (PES), including both income support and labor market programs, underlining a persistent gap between expanding mandates and delivery capacity, according to the new World of Public Employment Services 2026 report, which examined nearly 80 countries. The report was produced by the Inter-American

WASHINGTON — The Inter-American Development Bank (IDB) issued a $3 billion long five-year global benchmark bond, the second U.S. dollar benchmark transaction of its 2026 funding program. The bond attracted robust global investor demand, with orders exceeding $4.9 billion and a notably high-quality core investor base. The bond matures in August 2031 and carries a fixed annual coupon of 4.25%. “We are pleased with the outcome of this five-year USD benchmark, which attracted strong and high-quality demand from investors across all regions," said Laura Fan, Head of Funding at the IDB. This

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