May 21, 2010
Tens of thousands of Haitians who lost their homes in Port-au-Prince have left the city and migrated to rural villages or temporary encampments. International aid organizations are currently helping to construct clinics, schools, administrative centers and warehouses in some of these villages, which are located in remote areas without access to basic services.
March 17, 2009
Since the mid-1990s the Inter-American Development Bank (IDB) has been the leading source of multilateral financing for Colombia. Over the last 50 years, the IDB has approved more than US$14.8 billion in loans and non-refundable technical cooperation projects for Colombia. Throughout its history, the IDB has supported the Colombian government and private sector in key development areas such as infrastructure, state modernization and reform, small and medium enterprise, agriculture, energy, climate change and environmental protection.
February 26, 2009
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.
October 08, 2008
By Matthew Gerhrke, Renso Martinez and Maria Cecilia Rondon, Microfinance Information Exchange, INC. (MIX)Microfinance in Latin America and the Caribbean skyrocketed in 2007, fueled by booming demand for financial services from microentrepreneurs in the region’s fastgrowing economies along with new funding in both debt and deposit. The region and its microfinance institutions (MFIs) remained in the forefront of attractive investment opportunities.
September 20, 2005
Increased investment, low inflation, an improved fiscal situation, decreased unemployment. Latin America and the Caribbean have been hearing plenty of good news the past 18 months. A group of renowned economists analyzed the situation at a seminar hosted by the IDB Research Department to honor IDB President Enrique V. Iglesias, who will retire on September 30. Iglesias himself opened the seminar, which was chaired by IDB Chief Economist Guillermo Calvo, with the participation of Ricardo Hausmann, Michael Mussa, José Antonio Ocampo and John Williamson.
Donors pledge support to assist Latin American countries in CAFTA-DR trade agreement to improve compliance of labor standards
July 20, 2005
Donors pledged their support to assist six Latin American countries participating in the CAFTA-DR free trade agreement with the United States in improving the compliance and enforcement of international and national labor standards and legislation. Delegations from Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua met with donors at the headquarters of the Inter-American Development Bank in Washington, DC to discuss their strategic priorities and specific goals they want to accomplish regarding labor law compliance and institutional strengthening.
March 24, 2005
The global market economy, now embracing over 5 billion people, is ready for a marriage between Latin America and Japan, according to Makoto Utsumi, President and CEO of the Japan Credit Rating Agency, Ltd.
July 23, 2004
About $2 billion of Bolivia's external debt have been forgiven under the Heavily Indebted Poor Countries Initiative (HIPC), a debt relief program launched by the World Bank and the International Monetary Fund in 1996 and agreed upon by governments around the world. Bolivia has been granted the highest level of debt relief in Latin America under HIPC while three other countries qualify for the program: Guyana, Honduras and Nicaragua.
July 13, 2004
Trade and labor ministers from Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua announced at the Inter-American Development Bank that they will take steps to strengthen the enforcement of labor standards in their countries. In a joint statement issued after a meeting, the ministers also called on the U.S. Congress to ratify the CAFTA free trade agreement negotiated recently with their countries. Trade among the seven participating countries totals $30 billion a year.
May 11, 2004
Japan and Latin America and the Caribbean look to reinforce relationships when high-ranking officers from their public and private sectors meet at the Japan – Latin America and the Caribbean Global Partnership symposium this week in Tokyo. The symposium aims to increase mutual knowledge and new forms of partnership at a time when Japan is exploring new global trade and investment opportunities, and Latin American is pursuing greater trade liberalization, regional integration and insertion into the global economy.