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 “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
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 IDB Invest are scaling up financial solutions to help countries and companies manage disaster-related risks and strengthen long-term resilience. This expansion includes an increase in disaster-risk coverage and new instruments for both sovereign and private clients: Expanded Protection for Countries for disaster-risk coverage by an additional $2 billion through the Contingent Credit Facility and Climate Resilience Debt Clauses, responding to rising demand across the region. A pioneering Regional Disaster-Risk Transfer Program, led by the
SEVILLE — The Inter-American Development Bank (IDB) today launched FX EDGE, a new platform to help countries attract more private investment in sustainable development. Designed to provide tools to policymakers – a blended-finance and project-preparation facility, a liquidity facility, and an FX-derivative program – to overcome one of the oldest and most pressing barriers to investment, currency volatility, FX EDGE aims to increase resilience and unlock capital. FX EDGE builds on Brazil’s Eco Invest, a pioneering collaboration between the IDB and the Brazilian government, and is enabled by
SEVILLE – The Inter-American Development Bank (IDB) and Education Above All (EAA) Foundation signed a new agreement to strengthen collaboration and explore new areas of joint work in education, skills development, and economic empowerment, including employment and self-employment initiatives. The framework agreement, which will run from 2025 to 2030, will address critical educational challenges in Latin America and the Caribbean by enrolling and retaining out-of-school and at-risk-of-dropping-out children, ensuring their access to quality primary education. The EAA Foundation plans to earmark