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
WASHINGTON – The Inter-American Development Bank (IDB) approved a US$30 million Conditional Credit Line for Investment Projects (CCLIP) to support Guyana’s efforts to enhance its water and sanitation infrastructure. The CCLIP’s general objective is to improve the resilience, quality and sustainability of drinking water and sewerage services provided by Guyana Water Incorporated (GWI), the national utility provider. This program is expected to benefit approximately 151,560 people by improving access to safe, reliable water services. GWI will also benefit from digital transformation, enabling
The plan, developed in close collaboration with the government of Argentina, aims to foster sustained economic growth led by the private sector, reduce poverty, and strengthen the sustainability and efficiency of the public sector. WASHINGTON – The Inter-American Development Bank (IDB) has approved the new 2025-2028 Country Strategy for Argentina, a roadmap developed jointly with the Argentine government to support the country in consolidating its transformation and strengthening a sustainable and resilient development model. This model is led by the private sector and aims to contribute to
SEVILLE — At the Fourth International Conference on Financing for Development (FFD4) in Seville, the Inter-American Development Bank (IDB) and the European Investment Bank (EIB) signed a cooperation agreement to increase financing and deliver stronger development impact in Latin America and the Caribbean. The agreement reflects a shared commitment by both institutions to work closer and more effectively as a system to increase resource mobilization for the financing of sustainable development in Latin America and the Caribbean. It also strengthens the pipeline of EU-aligned financing under the
WASHINGTON — The Inter-American Development Bank (IDB) has approved a $75 million multiple-works loan to boost agricultural competitiveness and economic and social development in rural Paraguay by improving rural roads in the country’s Eastern Region. The operation, which has been approved by the IDB's Board of Executive Directors, aims to expand vulnerable populations’ access to services and productive markets, address local road infrastructure gaps, and make them more resilient by prioritizing positive social and economic impact. The IDB-financed program will improve approximately 123
SEVILLE — The Inter-American Development Bank (IDB) and the World Bank launched a new platform to help countries and institutions raise private capital for sustainable development in the Amazonia region – combining environmental protection with economic and social impact. The platform is grounded on the Amazonia Bond Issuance Guidelines, just issued jointly by the IDB and the World Bank. These guidelines provide a comprehensive framework for structuring bonds with clear criteria for use of proceeds, impact measurement, and transparency. As a first move under the new program, the IDB plans to
SEVILLE – The Inter-American Development Bank (IDB) and the “la Caixa” Foundation signed an agreement today to promote inclusive, innovative, and sustainable solutions in response to population aging in Latin America and the Caribbean. The partnership includes: Co-financing projects that improve access to financial and care services for older adults. Promoting policies for the economic inclusion of older adults through knowledge-generation initiatives. Fostering the development of a silver economy entrepreneurial ecosystem, highlighting the value of older adults as active agents of development