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IDB and Caribbean Governors Discuss Reforms and Initiatives for Impact and Scale
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 IDB 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
IDB Launches a TechLab to Strengthen Caribbean Digital Growth and Innovation
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.
Innovative Businesses in the Caribbean Show Higher Levels of Productivity and Sales, IDB Report Says

Most Caribbean businesses are either innovative or potentially innovative but still face challenges, according to a new report by the Inter-American Development Bank (IDB). This edition delves into the critical role of innovation in driving economic growth and productivity in the Caribbean region. Innovative businesses in the Caribbean have 26% to 35% higher levels of productivity and 21% to 81% higher sales per worker than non-innovative firms, depending on the type of innovation, according to the report titled "Innovation for Faster Economic Growth in the Caribbean: Are We There Yet?". The

Inaugural IDB-OECD Report on the Caribbean Highlights Regional Integration and Development Opportunities

BRIDGETOWN, Barbados– The Inter-American Development Bank (IDB) and the Development Centre of the Organisation for Economic Co-operation and Development (OECD) launched a new publication, Caribbean Development Dynamics, that provides comprehensive insights into how Caribbean countries can unlock their economic potential through the energy transition, the blue economy, sustainable tourism, and the digital transformation. The publication was presented at an event attended by IDB President Ilan Goldfajn, with the virtual participation of OECD Secretary General Mathias Cormann, and panel

Suriname to Improve its Air Transport Sector with More Safety and Connectivity with IDB Support

The Inter-American Development Bank (IDB) approved a US$25 million program to improve Suriname´s air transportation sector, increasing its safety and connectivity. The program approved by the IDB's Board of Executive Directors will support actions to improve compliance with international civil aviation safety and security standards and increase the quality and resilience of air transport infrastructure. It will benefit approximately 465,000 air passengers per year, including inhabitants of Amerindian and Maroon communities, with better and reliable access to isolated regions, improved safety

New IDB, Compete Caribbean Book Highlights Key Reforms to Boost Firm Productivity

A new publication by the Inter-American Development Bank (IDB) and Compete Caribbean urged Caribbean countries to advance on key reforms to improve the business environment and boost firm productivity in a bid to accelerate long-term growth. The book, “ Are We There Yet? The Path toward Sustainable Private Sector Development in the Caribbean ,” analyzes opportunities and challenges for key policy reforms aimed at increasing the competitiveness and dynamism of the region’s private sector. This comprehensive book offers a regional perspective, encompassing 13 Caribbean nations: Antigua and

Guidelines on Amazon-Themed Bonds to Help Unlock Finance for the Region

Cali, COLOMBIA — The Inter-American Development Bank (IDB) and the World Bank presented today the core elements of the guidelines for capital-markets instruments called Amazonia Bonds. These bonds will finance activities that have a positive impact on local communities, biodiversity, and zero deforestation efforts in the Amazon region. The guidelines outline project selection and evaluation criteria, measures to mitigate environmental and social risks, and indicators to report expected impact. Built on existing global market standards that underpin the sustainable bond markets – ICMA

IDB to Support Suriname in Improving Spatial Planning and Environmental Management

The Inter-American Development Bank (IDB) has approved a US$30 million project to help Suriname build up its institutional capacity to manage land use. This seven-year operation will strengthen the country’s frameworks and tools for spatial and environmental planning and boost the operational capabilities of the Ministry of Spatial Planning and Environment and the National Environmental Authority. In Suriname, changes in land use are driven by economic growth, demographic pressures, and unplanned urban expansion, among other factors. The country’s population has tripled from 1950 to 2022

Suriname to Improve Social Protection System with IDB Support

The Board of Directors of the Inter-American Development Bank (IDB) approved a US$40 million project to expand the capacity of Suriname's social protection system to strengthen human capital among vulnerable households.   The project will improve Suriname's social protection system and efficiency to better safeguard vulnerable populations, with a special focus on female-led poor households, persons with disabilities, and households in poverty with children.  The operation will finance existing cash transfers provided to impoverished households and people with disabilities. The project will

Suriname to Increase Access to Electricity, Drinking Water, and Telecommunications for Amazonian Indigenous Communities

The Inter-American Development Bank (IDB) has approved a Conditional Credit Line for Investment Projects ( CCLIP) of US$135 million in two tranches to boost socioeconomic development by promoting clean and sustainable services within the framework of a just energy transition. The credit line was approved by the IDB’s Executive Board, with the first tranche comprising of an individual operation of US$45 million in the form of a Global Multiple Works Operation and a non-reimbursable financing of US$1.5 million from the Low Emission Energy Fund for People and the Planet. The first individual

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