China Eximbank and IDB Expand Trade Activity

Friday, October 22, 2010 - 03:00
CHENGDU, China – The Export-Import Bank of China (“China Eximbank”) and the Inter-American Development Bank (“IDB”) signed a Letter of Intent to boost trade between China and Latin America and the Caribbean (“LAC”) at the China-LAC Business Summit, held in Chengdu, China, on October 21st and 22nd, 2010.

IDB, Global Partnerships to foster a new generation of microfinance investments in Latin America

Wednesday, October 6, 2010 - 03:00
MONTEVIDEO, Uruguay – The Inter-American Development Bank (IDB) and Global Partnerships, a Seattle-based non-profit organization, signed today a $5 million loan today, which will serve to capitalize the organization’s new social investment fund.

IDB loan to support innovative social investments delivered by Microfinance Institutions

Thursday, December 10, 2009 - 03:00
The Inter-American Development Bank has approved a $5 million loan from the Opportunities for the Majority initiative, to support a $25 million fund for microenterprise that will combine lending for productive activities with innovative social investments to reduce poverty. The Fund's remaining $20 million will be supplied by other private and institutional investors.

IDB President on the Cancún Annual Meeting

Tuesday, March 10, 2009 - 03:00
IDB Annual Meetings often present an opportunity to set the course for the coming months and even years. What are some of the key issues at this annual meeting in Cancun?

Venture capital for low-income markets

Thursday, February 26, 2009 - 03:00
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but it can also be a profitable business venture. This is the concept of IGNIA Fund, which will channel venture capital resources to fund commercially viable growth companies serving the “base of the pyramid,” those persons in Latin America and the Caribbean earning less than $3,260 a year. The IGNIA Fund selects projects with the potential to be expanded on a larger scale, thereby increasing the social and economic impact.

IDB Group supports Guatemalan bank's expansion into microfinance

Wednesday, December 10, 2008 - 03:00
The Inter-American Development Bank Group will provide up to US$70 million in loans to Banco G&T Continental (G&TC) of Guatemala to support the expansion of credit for microenterprises and small businesses. G&TC, Guatemala’s second largest commercial bank in terms of assets, started a “downscaling” process to serve microentrepreneurs in 2006 with assistance from the IDB’s Multilateral Investment Fund, a leader in promoting microfinance in Latin America and the Caribbean.

Housing Market for the Majority: Challenges and Opportunities for the Private Sector

Thursday, December 4, 2008 - 03:00
The Inter-American Development Bank distributed on Thursday a study of the housing market for the 70 percent of the population that comprises the low-income majority in Peru.

Immigrants sent 3.7 billion euros from Spain to Latin America in 2006, says IDB fund

Tuesday, June 5, 2007 - 03:00
MADRID – Latin American immigrants sent some 3.7 billion euros (about $5 billion) from Spain to their countries of origin during 2006, according to estimates released today by the Inter-American Development Bank’s Multilateral Investment Fund (MIF). Should current demographic and economic trends persist, by 2010 remittances from Spain to Latin America could reach 5 billion euros a year (approximately $7 billion), MIF Manager Donald F. Terry said at a news conference held here.

Empowering poor people to create wealth

Friday, June 23, 2006 - 03:00
When asked by IDB President Moreno what advice he would give to a newly elected Latin American President, Bill Clinton said that the most important thing would be to carry out microeconomic reforms to help people become entrepreneurs and move into the middle class, without getting bogged down in yesterday’s debate over fiscal responsibility versus unbridled social spending, neither of which have managed to lessen the world’s largest income gap.

Laptops for the Majority

Friday, June 16, 2006 - 03:00
What’s the best way to move entire towns from poverty to the middle class? Buy each and every child in the community a $100 laptop computer, said MIT professor Nicholas Negroponte at a recent conference launching the IDB’s new Building Opportunity for the Majority initiative. Negroponte is also founder and chair of One Laptop per Child (OLPC), a non-profit organization that is working on developing these $100 laptops for low-income children around the world.