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The third edition of this joint report captures nearly a decade of evolution in the region’s cybersecurity maturity. WASHINGTON — Countries in Latin America and the Caribbean have made significant progress in strengthening their cybersecurity capacity, but persistent gaps in resources, workforce development, and cross-sector coordination continue to leave the region vulnerable to evolving digital threats, according to a new report by the Inter-American Development Bank (IDB) and the Organization of American States (OAS). The study, “ 2025 Cybersecurity Report: Vulnerability and Maturity

WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) approved an US$80 million loan to enhance the resilience and sustainability of transport infrastructure and mitigate socioeconomic disruptions caused by recurrent flooding in New Providence, The Bahamas. This operation will finance a Global Multiple Works (GOM) program to increase the resilience of key transport corridors by improving draining systems and optimizing the effectiveness and efficiency of road maintenance. The program is aligned with ONE Caribbean, the IDB Group's comprehensive regional

WASHINGTON — The Inter-American Development Bank (IDB) approved a US$90 million loan to support improvements in the reliability and efficiency of electricity service in The Bahamas. This operation is the second in a Conditional Credit Line for Investment Projects (CCLIP) approved in 2020 to finance larger programmatic support to the energy sector and promote renewable energy in the country. This new operation aims to enhance the efficiency of electricity metering, optimize grid management, and strengthen the institutional capacity of the state-owned utility, The Bahamas Power and Light Company

WASHINGTON — Innovative financing solutions and public-private partnerships (PPPs) are key to unlocking the Caribbean’s development, according to a new report by the Inter-American Development Bank (IDB). Investment in smart, resilient, well-executed infrastructure projects will both help insulate the region from global economic shocks, as well as drive faster and more inclusive growth. The report, “Catalyzing Capital: Public-Private Partnerships for Resilient Growth,” provides a comprehensive analysis of the region’s infrastructure investment needs, the enabling environment for public-private

WASHINGTON — The Inter-American Development Bank (IDB) has approved a US$160 million loan to support The Bahamas in enhancing its disaster-risk management. The operation, which has been approved by the IDB's Board of Executive Directors, is the second loan in a series of two. The first, approved in 2023, focused on establishing the legal structure for disaster-risk management. It led to the passage of the Disaster Risk Management Act. This second loan will allow The Bahamas to design and adopt the core policy instruments created by that law, such as national standards for humanitarian

BRASILIA – As part of the Brazil-Caribbean Summit, with the participation of Caribbean Community (CARICOM) nations, the Inter-American Development Bank (IDB) today announced new measures to support the region through development and integration. In the IDB's view, the joint efforts of Brazil and CARICOM prove that regional integration works. One of the IDB's most important initiatives is the creation of a multi-donor fund for the ONE Caribbean program, a platform for collective action focused on climate resilience and disaster-risk management, citizen security, private-sector development, and

IDB Lab, the innovation and venture capital arm of the Inter-American Development Bank Group (IDB Group), has launched a call for participants in its Women STEMpreneurs Competition to fund women-led startups in Latin America and the Caribbean. The thirteenth edition of the regional competition will be held through the WeXchange platform offering opportunities for women entrepreneurs in science, technology, engineering, and mathematics (STEM). The call underscores IDB Lab's commitment to strengthening the innovation ecosystem to maximize the talent of women entrepreneurs and accelerate the

As prepared for delivery Introduction Good morning. The Honorable Philip Davis, Prime Minister of the Commonwealth of the Bahamas, Minister Halkitis, Distinguished Governors, Heads of Delegation and Members of the Delegations; Executive Directors of the Inter-American Development Bank and IDB Invest, Ladies and gentlemen. It's a pleasure to be here. The Bahamas offers us an ideal venue for our meetings and our discussions on how we can foster sustainable development and growth for our region. These principles of respect for the environment and its people are rooted in the ancestry of these

Governors agree on next steps for ONE Caribbean regional integration program. NASSAU, The Bahamas – The Inter-American Development Bank (IDB) held its XIII Annual Consultation with the governors of Caribbean member countries on February 2-3 in Nassau, The Bahamas. The gathering was part of preparations for the IDB and IDB Invest Annual Meetings, which will take place on March 26-30 in Chile. This high-level dialogue included representatives from The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. At the conclusion of the proceedings, IDB President Ilan Goldfajn said,

The Inter-American Development Bank (IDB) inaugurates a new emerging technology laboratory hub for the Caribbean, TechLab, in Trinidad and Tobago. This initiative aims to advance the region’s digital transformation agenda, fostering innovation and sustainable growth.