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IDB Supports Colombia in Advancing Its Integration into Global Value Chains

The Inter-American Development Bank (IDB) approved a $600 million program to support Colombia's integration into global and regional value chains and boost its economic growth. The program is the second operation in a programmatic series launched in 2022, supporting a set of reforms aimed at improving the business climate, reducing trade costs, and boosting the productivity of export-focused micro, small and medium-sized enterprises (MSMEs) to attract productive and sustainable investment. The policies promoted by the second program will benefit more than 43,000 exporting companies and over

IDB Lab Partners with 19Labs to Launch Drone-Delivered Medical Aid in Guyana

IDB Lab, the innovation and venture arm of the Inter-American Development Bank (IDB), is partnering with 19Labs to pilot the use of drone technology for delivering critical medical supplies to some of Guyana's remote hinterland communities. This initiative enhances the country's expanding telemedicine and digital health network by providing a cost-effective, long-range, two-way drone-delivery system that can transport medical supplies in remote and geographically isolated regions. The pilot is expected to benefit over 20,000 residents served by 15 telemedicine centers in most remote

Remarks by President Ilan Goldfajn on the Occasion of the XIII Annual Consultation with Caribbean Governors of the Inter-American Development Bank

As prepared for delivery Introduction Good morning. The Honorable Philip Davis, Prime Minister of the Commonwealth of the Bahamas, Minister Halkitis, Distinguished Governors, Heads of Delegation and Members of the Delegations; Executive Directors of the Inter-American Development Bank and IDB Invest, Ladies and gentlemen. It's a pleasure to be here. The Bahamas offers us an ideal venue for our meetings and our discussions on how we can foster sustainable development and growth for our region. These principles of respect for the environment and its people are rooted in the ancestry of these

IDB and Caribbean Governors Discuss Reforms and Initiatives for Impact and Scale
Governors agree on next steps for ONE Caribbean regional integration program. NASSAU, The Bahamas – The Inter-American Development Bank (IDB) held its XIII Annual Consultation with the governors of IDB Caribbean member countries on February 2-3 in Nassau, The Bahamas. The gathering was part of preparations for the IDB and IDB Invest Annual Meetings, which will take place on March 26-30 in Chile. This high-level dialogue included representatives from The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. At the conclusion of the proceedings, IDB President Ilan Goldfajn said
Barbados to Strengthen Social Policies System with IDB Support

The Inter-American Development Bank (IDB) has approved a US$100 million project to enhance the effectiveness and efficiency of social policies and ensure the sustainability of social security in Barbados. The program, approved by the IDB's Board of Executive Directors, also aims to improve the coverage and quality of policies that promote gender equality, the inclusion of people with disabilities, and the protection of vulnerable groups in Barbados. In the short term, the project will directly benefit 49,000 pensioners, 133,000 contributors to the National Insurance and Social Security Service

IDB and BNDES to Accelerate Digital Transformation in Brazilian States and Municipalities with $180 Million in Financing

The Inter-American Development Bank (IDB) has approved a $150 million loan to implement PRODIGITAL, a joint program with the Brazilian Development Bank (BNDES) to advance digital transformation in Brazilian states and municipalities and enhance public services for citizens. The BNDES will contribute an additional $30 million to this financing, which has been approved by the IDB’s Board of Executive Directors. The Federal Program for Digital Government and Infrastructure (PRODIGITAL) will co-finance a credit line for the BNDES for digital transformation projects in municipalities with more than

IDB and Partners Commit to Developing the Silver Economy

The commitment was made in Barcelona, Spain, at the first Europe-Latin America and Caribbean Silver Economy Forum, which brought together over 200 global leaders, aging experts and representatives from key sectors. The Inter-American Development Bank (IDB), IDB Invest and IDB Lab, along with ”la Caixa” Foundation and key international partners, committed to working together on a joint development agenda to address challenges and opportunities arising from the rapid aging of societies, particularly in Latin America and the Caribbean. The commitment comes as the population of Latin America and

IDB Launches a TechLab to Strengthen Caribbean Digital Growth and Innovation
The Inter-American Development Bank (IDB) inaugurates a new emerging technology laboratory hub for the Caribbean, TechLab, in Trinidad and Tobago. This initiative aims to advance the region’s digital transformation agenda, fostering innovation and sustainable growth.
Innovative Businesses in the Caribbean Show Higher Levels of Productivity and Sales, IDB Report Says

Most Caribbean businesses are either innovative or potentially innovative but still face challenges, according to a new report by the Inter-American Development Bank (IDB). This edition delves into the critical role of innovation in driving economic growth and productivity in the Caribbean region. Innovative businesses in the Caribbean have 26% to 35% higher levels of productivity and 21% to 81% higher sales per worker than non-innovative firms, depending on the type of innovation, according to the report titled "Innovation for Faster Economic Growth in the Caribbean: Are We There Yet?". The

Exports from Latin America and the Caribbean Grow Amid Global Uncertainty
The value of exports from Latin America and the Caribbean grew by an estimated 4.1% in 2024, recovering from a 1.6% decline in 2023, according to the latest Trade Trends Estimates for Latin America and the Caribbean, a report published by the Inter-American Development Bank (IDB). Drawing on data for 2024, the report attributes the region’s export growth to higher shipment volumes, as prices stagnated. While the trade outlook for Latin America and the Caribbean has improved significantly over the past year, with the region’s exports exiting a contractionary phase, the report cautions that
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