March 01, 2012
For 400 families who lost their homes in the 2010 earthquake, the inauguration of the Les Orangers housing development north of Port-au-Prince will mark a major milestone in Haiti’s reconstruction. The 400-house community was inaugurated on Monday, February 27 by Haitian President Michel Martelly, who had launched the construction work in June 2011, shortly after taking office.
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.
October 08, 2008
By Lene Mikkelsen When you visit Latin America and the Caribbean you will probably notice that in the poorest areas of any city there are numerous houses in various stages of construction: while some raise walls or finish a roof, others wait for the next stage to begin. This does not necessarily indicate that a construction boom is taking place in poorer areas, but rather that building or repairing a home can take considerable time when you don’t have enough savings, or access to financing, to take on the job all at once from start to finish.
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.
May 20, 2008
In celebration of the centennial and restoration of Buenos Aires' Teatro Colón (Colón Theater), one of the world’s greatest opera houses, the IDB is hosting a lecture by its director, Dr. Horacio Sanguinetti, on Wednesday, May 21st, as well as an art and photography exhibit, opening the same day. The restoration of Teatro Colón is a $25 million project, partially financed by the IDB through a $400 million loan approved in 1998, to support the fiscal reform of the city of Buenos Aires.