New program will promote integration and growth in South America SANTIAGO – The Inter-American Development Bank (IDB) presented today “South Connection,” a new regional program co-created by the countries of South America for developing strategic corridors to improve connectivity, strengthen value chains, and modernize institutional frameworks. By connecting currently fragmented markets, the initiative seeks to increase scale, reduce costs, and attract investment. During the IDB and IDB Invest Annual Meetings, the Bank’s governors and other high-ranking representatives from Argentina, Bolivia
New initiative will help expand care services and infrastructure to support children, older adults, and people with disabilities. SANTIAGO – The Inter-American Development Bank (IDB) has launched a new initiative called “IDB Cares” that focuses on expanding care services and infrastructure to improve the lives of children, older adults, and people with disabilities, while creating jobs and accelerating economic growth in Latin America and the Caribbean. IDB Cares is the IDB's institution-wide effort to address a region-wide shortage of high-quality, affordable care services. The initiative
SANTIAGO – The Inter-American Development Bank (IDB) and the Republic of Chile signed $180 million in agreements to promote sustainable and resilient economic growth, strengthen the capacities of regional government, diversify exports, and improve water and electricity services in Rapa Nui, during the IDB and IDB Invest Annual Meetings held in Santiago. “These agreements reflect the historical and deep partnership between Chile and the IDB and our shared commitment to advancing economic development,” said IDB President Ilan Goldfajn. “We’re grateful to Chile for hosting this year’s Annual
The Inter-American Development Bank (IDB) and the national government of Argentina have joined efforts to respond to devastating floods in the city of Bahía Blanca through a flexible and innovative financial mechanism designed for emergencies. The Contingent Credit Facility for Natural-Disaster and Public-Health Emergencies (CCF) is an IDB tool that enhances a country's ability to respond quickly to emergencies and improves its financial management of disaster risks. This instrument has played a crucial role in past emergencies, such as the 2016 earthquake in Ecuador and Hurricane Dorian in
El Salvador will advance on key reforms aimed at promoting macroeconomic and fiscal sustainability with a $500 million loan from the Inter-American Development Bank (IDB). The IDB loan, known as special development lending, will offer budgetary support as El Salvador implements structural reforms following an agreement with the International Monetary Fund in February to restore fiscal sustainability to boost growth and resilience. The IDB financing approved by the IDB Board of Directors will provide the country with the fiscal space to advance on reforms to increase tax revenue, reduce public
• The ninth Gobernarte contest is open to subnational governments in Latin America and the Caribbean. • Entries must be submitted by April 10. The Inter-American Development Bank (IDB) has launched the ninth edition of the Gobernarte Contest: Pablo Valenti Award, which recognizes the best subnational government initiatives in Latin America and the Caribbean. This year, the award focuses on the most innovative uses of artificial intelligence and digital identification to enhance citizen services. The IDB’s Gobernarte contest aims to identify, document and reward innovative experiences from the
The Inter-American Development Bank (IDB), the Peruvian Ministry of Economy and Finance, and ProInversión are organizing the 12th edition of PPP Americas, the premier event on public-private partnerships in Latin America and the Caribbean. PPP Americas 2025 , to be held in Lima on April 8-9, will bring together over 600 government leaders, investors, and experts from 25 countries in Latin America and the Caribbean, Europe, and Asia. Senior officials from the IDB and IDB Invest, the institution's private-sector arm, will attend. Participants will discuss the main challenges and opportunities
• Citizens can use the tool ¡Pa que Veás! to monitor the progress, in real time, of more than 1,000 projects financed with public resources. • It is supported by the IDB's InvestmentMap initiative. The Municipal Government of Cali, Colombia, has unveiled ¡Pa' que Veás! (For You to See), an interactive platform on which citizens can quickly and easily monitor detailed information on the progress of over 1,000 publicly financed projects in the city. The system was developed jointly by the municipal government and the MapaInversiones or InvestmentMap initiative of the Inter-American Development
The Inter-American Development Bank (IDB) and with the Center for the Technological Revolution in Creative Industries (CRTIC) will inaugurate the art exhibit “Chile’s Techno-Creative Landscape” on March 13 at the bank’s headquarters in Washington. Organized in conjunction with the IDB and IDB Invest Annual Meetings in Chile later in the month, the exhibit celebrates the country's innovative spirit and seeks to inspire development solutions by highlighting the transformative potential of creativity. The exhibit offers a series of artworks that use emerging technologies to interact with Chile’s