IDB approves grant funds for countries receiving migrants in Latin America and Caribbean

May 07, 2019
Grant resources will support inclusive national development investments, regional projects, research, training on critical issues, and innovative solutions impacting development in region The Board of Governors of the Inter-American Development Bank has approved the use of its special grant facility to support operations that help countries integrate migrants into local communities and contribute to their development.

Artificial intelligence to boost Latin American and Caribbean economies: IDB study

August 29, 2018
Study also urges governments to anticipate consequences of artificial intelligence in labor markets BUENOS AIRES – Artificial intelligence can facilitate trade negotiations and add one additional percentage point of growth to Latin American and the Caribbean economies, according to a study by the Inter-American Development Bank (IDB).

IDB releases its 2010 Development Effectiveness Report

March 23, 2011
Report evaluates Bank’s efforts in measuring its development impact in Latin America and the Caribbean The Inter-American Development Bank (IDB) has made strides to boost transparency, accountability and enhance the development impact of its investments in Latin America and the Caribbean, according to the new edition of the IDB’s 2010 Development Effectiveness Overview.

IDB’s new accountability mechanism becomes effective

September 09, 2010
The new Independent Consultation and Investigation Mechanism (ICIM) started operations as part of the Inter-American Development Bank’s efforts to increase the transparency, accountability and effectiveness of its operations. The Board of Executive Directors declared that the ICIM is effective as of September 9, 2010. The ICIM can now address complaints filed by individuals or groups who feel affected by projects financed by the IDB.

IDB discloses document detailing general capital increase

August 03, 2010
The Inter-American Development Bank (IDB) published today on its Web site the report that provides the strategic direction for the Bank over the next decade. The Report on the Ninth General Increase in the Resources of the Inter-American Development Bank establishes the IDB’s strategic priorities, institutional reforms and accountability for results related to the Bank’s capital increase. The report also details the financial terms and conditions to implement the general capital increase.

IDB Governors agree on financial terms for historic capital increase

July 22, 2010
Member countries provide strategic vision and accountability framework Bank will expand support to small and vulnerable countries Key goals include reducing poverty and inequality, promoting regional integration and sustainable energy, helping countries tackle climate change At the end of a 60-day voting period, the Board of Governors of the Inter-American Development Bank offered broad support for the approval of the financial terms for a $70 billion increase of the Bank’s ordinary capital.

IDB approves new, far-reaching access to information policy to boost transparency

May 12, 2010
More information on Board proceedings, projects in execution New classification system for documents and review mechanism Early access to key documents New policy to go into effect in January 2011. The Inter-American Development Bank (IDB) today approved its new Access to Information Policy, which aims to bring an unprecedented level of transparency to IDB operations and Board proceedings.

Cross Debarment: A new global tool against corruption

April 28, 2010
The cross debarment agreement signed recently by the world’s top multilateral banks is a milestone for the anticorruption agenda.  Due to come into force by mid-year, the agreement says that if one Multilateral Development Bank (MDB) declares a firm or individual ineligible for procurement contracts because of fraud and corruption, then all the other MDBs will do the same.

Multilateral Development Banks (MDBs) step up their fight against corruption with joint sanction accord

April 09, 2010
LUXEMBOURG –Taking a major step in the global fight against fraud and corruption, leading Multilateral Development Banks (MDBs) today signed an agreement to cross debar firms and individuals found to have engaged in wrongdoing in MDB-financed development projects.

IDB releases annual report on fraud prevention and anti-corruption activities

March 23, 2010
CANCUN, Mexico – The Inter-American Development Bank applied 52 sanctions—36 to individuals and 16 to firms—as a result of 152 investigations of alleged fraud and corruption cases carried out during 2009, according to a report released today. The 2009 Annual Report of the IDB’s Office of Institutional Integrity (OII) describes the Bank’s efforts to prevent and investigate the occurrence of prohibited practices in the activities financed by the IDB Group. It offers a detailed account of a sample of the 309 inquiries and allegations—a record number—received by OII.