Resources are available to support humanitarian assistance, damage assessments, and the Government’s priority response spending PANAMA CITY — Panama will be able to access financing of up to US$300 million from the Inter-American Development Bank Group (IDB Group) in response to the October 9 earthquake. In addition, up to US$500,000 in non-reimbursable resources is available to address the most urgent needs of the affected population. The US$300 million support comes from the Contingent Credit Facility for Natural Disaster and Public Health Emergencies that Panama has with the IDB, which
President Daniel Noboa underscored the country's growing economic dynamism at the opening IDB Lab signed agreements for projects totaling up to $24 million in Colombia, Honduras, and Uruguay to expand credit and strengthen innovation Artificial intelligence took center stage in discussions on productivity and talent QUITO – GET Forum 2026 brought together nearly 2,800 participants from across Latin America and the Caribbean and the rest of the world, highlighting Ecuador's leading role as a hub for entrepreneurship and exploring innovation and technology as drivers of productivity and economic
New fixed-rate obligation in Surinamese dollars reduces exposure to exchange-rate and interest-rate volatility through 2044. The conversion was enabled by the IDB's risk-management tools and an 18-year hedge provided by TCX WASHINGTON – The government of Suriname has completed the country's first conversion of external debt into Surinamese dollars, transforming a $150 million Inter-American Development Bank (IDB) floating-rate loan into a fixed-rate loan in Surinamese dollars. The transaction will help Suriname shield its debt-service payments from foreign exchange rate and interest rate
WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $15 million loan to strengthen the conditions needed to mobilize private capital for logistics infrastructure and technologies, boosting the country’s productivity, competitiveness, and export performance.
The projects honored by the IDB Group turned obstacles into results and provided insights for improving lives across the region WASHINGTON — The Inter-American Development Bank Group (IDB Group) recognized three projects from Costa Rica, Colombia, and Bolivia as “Superheroes of Development,” an award it grants to initiatives that overcome obstacles and drive development, offering lessons for Latin America and the Caribbean. “Superheroes of Development” showcases clients, partners, and implementing agencies that have found innovative solutions to challenges in implementing projects financed by
THE HAGUE — As multilateral development banks (MDBs) and development finance institutions (DFIs), we share a common purpose: to support development in emerging markets and developing economies. Private finance is an increasingly important part of how we do this, and we are committed to measuring our contribution to it credibly, consistently, and transparently. Today we are releasing the recently revised and expanded MDB Joint Methodologies, prepared by the MDB Task Force on Mobilization and endorsed by all 30 member institutions. [i] These changes are in response to the G20’s call, first set
WASHINGTON – The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved financing for a Global Multiple Works Program (GOM) of $243 million aimed at improving the electricity system of the State of Santa Catarina, Brazil. The operation will finance investments to enhance the reliability and resilience of the electricity distribution system and facilitate access to electricity services in rural areas. The program will benefit 7.3 million people served by Centrais Elétricas de Santa Catarina – Distribuição S.A. (CELESC-D), the main state-controlled electricity
Regional Housing Forum 2026 seeks to improve the design and implementation of policies, investments, and partnerships that expand access to quality housing. WASHINGTON — The Inter-American Development Bank Group (IDB Group) is bringing together more than 3,500 government officials, business leaders, experts, and representatives of international organizations from across Latin America and the Caribbean, both in person and virtually, at the Fourth Regional Housing Forum 2026. The Forum convenes key stakeholders to exchange experiences, promote investment, and strengthen partnerships aimed at