IDB announces winner of the 2019 Superheroes of Development Award

Monday, September 16, 2019 - 17:37
The winning IDB-financed project developed a new solution to monitor public infrastructure works and to empower citizens to evaluate the use of public resources in Honduras. WASHINGTON D.C., September 12, 2019. The Inter-American Development Bank (IDB) announced the winner of the Superheroes of Development contest, an award given to executing agencies that have successfully implemented innovative solutions in projects financed by the IDB.

IDB launches Superheroes of Development contest to recognize executing agencies

Monday, March 4, 2019 - 18:41
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

Monday, September 24, 2018 - 15:05
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

IDB Announces Settlement in Connection with Prohibited Practices

Tuesday, August 21, 2018 - 10:18
The Inter-American Development Bank (IDB) today announced the debarment of GL Systems LLC (“GL Systems”), an American company, for four years in connection with allegations of prohibited practices in three IDB-financed activities: (i) the Program for the Modernization of Customs, Excise and VAT Areas in Barbados, (ii) the Barbados Competitiveness Program, and (iii) an IDB corporate procurement contract.

Panama to improve its territorial connectivity with IDB support

Thursday, July 19, 2018 - 09:42
US$87 million loan will strengthen the country’s transportation network at regional level Panama will strengthen its road transport network, boost productivity in the country’s central and western regions, and increase access of the Ngäbe-Buglé indigenous rural communities to basic services with a US$87 million loan from the Inter-American Development Bank (IDB).

Italy to contribute to IDB Transparency Fund

Wednesday, January 24, 2018 - 13:47
Italy is joining Norway, Canada and MasterCard as a partner and contributor to the Inter-American Development Bank’s Transparency Fund , a vital tool to help countries strengthen their anti-corruption and pro-transparency reforms. The government of Italy has donated €1 million. 

Caribbean leaders launch plan to make region a “climate-smart zone,” with IDB support

Monday, December 11, 2017 - 19:00
Paris — The Inter-American Development Bank Group (IDB Group) announced its support for the newly formed Caribbean Climate-Smart Coalition, a public-private initiative aimed at funding an $8 billion investment plan to transform the region into the world’s first “climate-smart” zone and benefit an estimated 3.2 million households in the region.

IDB promotes Mesoamerica’s transportation, logistics and integration agenda

Wednesday, August 9, 2017 - 03:00
IDB to finance specialized studies as well as investment and action plans for regional initiatives, with particular emphasis on the Pacific Corridor

Lowering fiscal and external vulnerability the key to promoting growth in Central America and the Dominican Republic

Thursday, February 9, 2017 - 03:00
Regional IDB Governors meet in Washington to analyze economic prospects for 2017 The modest recovery in the United States and continuing favorable financial conditions in 2017 will also represent sources of economic stimulus throughout the year for the countries of Central America and the Dominican Republic, which will translate into growth of around 3.9 percent in 2017. Internal financial and monetary reforms should ensure price stability and the health of the banking system.

The Bahamas to improve airport infrastructure with IDB support

Wednesday, January 25, 2017 - 03:00
A $35 million loan will enhance the connectivity of four airports on the Family Islands The Inter-American Development Bank (IDB) has approved a $35 million loan designed to improve infrastructure at four airports on the Family Islands, as The Bahamas' less developed outer islands are known. The loan will contribute to the archipelago's regional and international integration through upgrades at the airports of Exuma, North Eleuthera, Marsh Harbour and Treasure Cay.