The IDB, a partner of Colombia in development

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.

Microfinance Ranking Championship League 2008

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.

Innovations in Tourism

October 08, 2008

Quito’s rebirth

August 01, 2004
By Paul Constance, Quito, EcuadorWhere did the street vendors go? Ecuadorians who venture into the historic district of their capital city these days sometimes have to rub their eyes. Streets that for decades were clogged with makeshift stalls selling everything from food and clothing to medicinal herbs and car parts are now open, clean and accessible to pedestrians.

A nation of homeowners

March 01, 2003
By Daniel Drosdoff, San Antonio de Pichincha, Ecuador Ruth Guayanay, a registered nurse and mother of two, had given up all hope of ever owning a home. “I told my husband to forget it,” she says. “We were paying half of our income in rent. We didn’t have the money. Times were very hard.”

A fresh start for old cities

January 01, 2001
This cycle of urban creation and destruction has been going on in Hispanic American cities for more than 400 years. Much has already been lost. But from steamy ports like Cartagena and Salvador to Quito and Cuzco in the snow-peaked Andes, a great deal of the region's urban heritage remains intact. In fact, 24 historic districts in Latin America and the Caribbean have earned the coveted UNESCO designation as World Heritage Sites.

All dressed up and looking for investors

January 01, 2001
To drive from one end of Quito, Ecuador, to the other, you have to pass through the 17th century. Or so it might seem to first-time visitors negotiating one of the narrow streets in Quito's incomparable historic district.