WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a Conditional Credit Line for Investment Projects (CCLIP) of $675 million to support a pioneering program aimed at optimizing public spending, improving road asset management, and preserving Uruguay’s National Road Network (RVN). As part of this credit line, the Board approved an initial individual operation of $150 million to finance rehabilitation and maintenance works based on results. The works will initially focus on the National Route 8 corridor and later expand to other priority corridors in
WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a Conditional Credit Line for Investment Projects (CCLIP) of $500 million to support the transformation of Montevideo’s metropolitan transport system in Uruguay. This CCLIP will directly benefit 1,3 million residents in the corridor’s area of influence, providing new transportation services and renovated public spaces. The program will finance the implementation of an electric, high-capacity Bus Rapid Transit (BRT) system along two main corridors: Avenida 8 de Octubre and Avenida Italia. The system
WASHINGTON – Uruguay will modernize its fiscal and customs management to strengthen the business environment with a $20 million loan approved by the Inter-American Development Bank (IDB) Board of Executive Directors. This operation will finance investments to improve the effectiveness of tax and customs administration and increase the efficiency of public financial management. This loan is the first operation under a Conditional Credit Line for Investment Projects (CCLIP) of $100 million, which was also approved by the Board. The project will facilitate tax compliance and optimize processes
WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a $70 million loan under the Specific Investment Loan (ESP) modality to support the expansion of Paraguay’s high-voltage transmission system and strengthen the institutional capacity of the National Electricity Administration (ANDE). This operation is the third stage of a $400 million Conditional Credit Line for Investment Projects (CCLIP), approved in May 2020 to finance the country’s Sustainable Energy Investment Program. The project aims to increase the reliability and maximum transmission
WASHINGTON — El Salvador and Costa Rica have made the Americas the first region in the world to issue digital yellow fever vaccination certificates in accordance with the standards of the World Health Organization’s (WHO) Global Digital Health Certification Network. This achievement marks a milestone for the region and reflects its leadership in adopting digital innovations in public health. However, while the WHO completes the consultation processes for the implementation of digital certificates, the international paper certificate continues to be required for travelers entering certain
WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a $195 million loan to finance the modernization of El Salvador International Airport (AIES). This operation, approved under the Specific Investment Loan (ESP) modality, will boost the country’s economic development, tourism, and air connectivity for passengers using the San Óscar Arnulfo Romero y Galdámez International Airport. The plan aims to improve the quality of airport services and strengthen institutional capacity for planning, operating, and managing air transport. This IDB-supported
WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a loan of up to US$70 million to advance Jamaica’s ongoing public-sector transformation program. The initiative aims to make public administration more efficient and effective, improving services for both citizens and public servants. The program, financed by the IDB, will enhance the management of human, financial, and organizational resources by strengthening core government functions, streamlining institutional structures, and modernizing civil service systems. Financing will support measures
MONTEGO BAY, Jamaica — In the wake of Hurricane Melissa, Inter-American Development Bank Group (IDB Group) President Ilan Goldfajn joined Caribbean heads of state in a visit to Jamaica's devastated areas to offer solidarity and support in the country's urgent response and recovery efforts. Jamaica’s preparedness — including disaster-risk financing through the IDB’s Contingent Credit Facility (CCF) — will help limit the immediate fallout. Recovery planning is now underway, focusing on key priorities and strengthening resilience. The IDB Group is supporting this effort not only with financing
WASHINGTON — The World Bank, in coordination with the Inter-American Development Bank (IDB), estimate that the physical damage to Jamaica caused by Hurricane Melissa totals US$8.8 billion — equivalent to 41% of the country’s 2024 GDP— making it the costliest hurricane in Jamaica’s recorded history. The Global Rapid Damage Estimation (GRADE), conducted immediately after the hurricane, assessed physical damage across residential, non-residential, infrastructure, and agricultural sectors. It does not include broader economic losses, which are expected to be even more significant. The GRADE
New edition of marquee forum will provide a space where innovation and technology unite to address development challenges in Latin America and the Caribbean. WASHINGTON — The Inter-American Development Bank Group (IDB Group) announces the 2025 edition of its Global Entrepreneurship and Technology Forum for Latin America and the Caribbean – GET Forum (formerly IDB Lab Forum). This flagship event of the IDB Group will take place from November 30 to December 2 in San Salvador, El Salvador. GET Forum brings together global investors, ecosystem developers, startup CEOs, business leaders, public