WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved $750 million in financing to expand the coverage of social programs for vulnerable Uruguayan households with children and adolescents and improve their access to benefits. The project is expected to benefit more than 410,000 children and adolescents up to age 17, aims to increase social program coverage among economically vulnerable children and adolescents from 82.4% to 85.6%, and reduce the time to process a benefit application from 67 to 30 days. The operation will also strengthen
WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $900 million operation to strengthen Argentina’s social protection system through the Human Capital Strengthening Support Program, which aims to help students stay in school and expand access to employment opportunities in Argentina. The program will benefit households representing 3.8 million children and adolescents who receive the Universal Child Allowance (AUH) while financing up to 500,000 job training opportunities for unemployed adults, informal workers, and low-income individuals. The
IDB guarantee to support Barbados' efforts to strengthen the resilience of its health system under Multi-Guarantor Debt for Resilience Initiative.
WASHINGTON — Latin America and the Caribbean needs approximately $170 billion annually to conserve its biodiversity and restore its ecosystems, according to a new study by the Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC). At current financing flows, the estimated annual financing gap is nearly $153 billion, equivalent to approximately 2.1% of regional GDP. The new joint report, The Biodiversity Financing Gap in Latin America and the Caribbean: Needs, Flows, and Mobilization Strategies Toward 2030, provides the first comprehensive
Pernambuco will strengthen its capacity to plan, manage, and oversee public resources under Profisco III.
PANAMA CITY – The Inter-American Development Bank (IDB) today launched the Latin America and the Caribbean Investment Promotion and Facilitation Network, a new platform aimed at facilitating the exchange of information and experiences among countries and strengthening cooperation and promotion efforts to attract more foreign investment to the region.
IDB approves $31.9 million in financing to help Ecuador expand and modernize legal defense services, benefiting approximately 2.3 million people.