WASHINGTON — IDB Lab, the innovation and venture capital arm of the Inter-American Development Bank Group, announced a strategic investment of $1.5 million in the financial technology startup Aviva in Mexico. Founded in 2022, Aviva leverages AI-powered kiosks to expand access to financial services among underserved communities across the country. As its first venture debt operation in Latin America, a type of financing offered to startups that are backed by venture capital firms, this investment represents a strategic milestone for IDB Lab, and it positions the multilateral institution to
WASHINGTON — The Inter-American Development Bank (IDB) approved a $43.9 million grant to expand support for over 200,000 vulnerable youth between the ages of 15 and 35, with a focus on young returnees and those not in education, employment, or training (NEET). The program is designed to reduce the risk of violence and exclusion by creating jobs and pathways to reintegration. The program combines paid community work with on-the-job training, digital literacy, and entrepreneurship support. It also helps returnees reintegrate through vocational programs, creates safe spaces for youth, and expands
WASHINGTON — The Inter-American Development Bank (IDB) has approved a loan of up to $15 million to support Chile in the implementation of its pension reform. This operation, approved by the IDB's Executive Board, aims to improve pensions and their ability to ensure an adequate standard of living and facilitate access to pension information through the institutional strengthening of the organizations responsible for the Chilean Pension System (SPC). The program includes the development of new technological and operational capacities at the Social Security Institute and the Superintendency of
WASHINGTON — The Inter-American Development Bank Group (IDB Group) is delivering strong development outcomes across Latin America and the Caribbean, according to its new Impact Report. Guided by IDBImpact+, a Group-wide strategy aiming to increase the impact and scale of the results we achieve for the countries and people we serve, and the IDB Group’s new Impact Framework, the report highlights how the IDB Group is delivering measurable benefits to millions across the region through a range of operational areas, including social protection, private sector innovation, and sustainable
WASHINGTON – The Inter-American Development Bank (IDB) has approved $46.7 million loan to Peru to improve and broaden the services of the country’s National Strategic Planning Center, which runs the National Strategic Planning System. The program will build the Peruvian government’s capacity to plan, coordinate, and evaluate national, regional, and local public policy. It will fund improved strategic planning, multi-level and cross-sector governance, and enhanced data and information and communication technology management. The operation aligns with the IDB Country Strategy with Peru 2022–2026
WASHINGTON — Barbados is enhancing access to finance for micro, small, and medium-sized enterprises (MSMEs) through a US$50 million loan from the Inter-American Development Bank (IDB). This program, supported under the IDB’s Flexible Financing Facility, aims to stimulate productive investments across the MSME sector. The funding will be used to provide loan guarantees through eligible financial intermediaries, enabling MSMEs to invest in areas such as property, facilities and equipment, infrastructure, and the adoption of new technologies, techniques, or processes. The program is expected to
WASHINGTON — The Inter-American Development Bank (IDB) approved a $1 billion (R$5.5 billion) loan to support Brazil’s ambitious policy reform agenda under its Ecological Transformation Plan. This operation is designed to unlock private investment by improving financial conditions and the business environment, as well as strengthening governance and institutional capacity. At the heart of this initiative is Eco Invest Brasil, a pioneering collaboration between the IDB and the Brazilian government that is designed to provide more favorable financial conditions, in addition to novel financing
WASHINGTON — The Inter-American Development Bank (IDB) approved two loans for Argentina totaling $1.2 billion that will advance critical reforms to strengthen fiscal sustainability, improve the business climate, and boost competitiveness under the Bank’s new 2025-2028 Country Strategy. The first loan, for $800 million, is the second in a series of two programmatic policy-based loans (PBLs). It aims to support tax reforms that enhance the efficiency and equity of the tax system, reducing distortionary taxes and eliminating exemptions and deductions to improve the country’s capacity to collect
WASHINGTON — The Inter-American Development Bank (IDB) has approved loan of $350 million to help Guatemala add lanes to the Teculután-Mayuelas section of Northern Highway CA-9. The operation, which has been approved by the IDB Board of Executive Directors, finances a plan to better connect international trade hubs and further integrate the region in a safe and resilient way. This operation is part of the " América en el Centro" program. Adding more lanes to the Teculután-Mayuelas section will benefit 86,600 residents and 2,057 businesses in Teculután, Río Hondo, and Gualán in the department of