IDB launches innovative territorial approach to address development challenges

Thursday, May 9, 2019 - 14:38
A study entitled “Honduras: a territorial approach to development” presents for the first time a spatial economic strategy that redefines the traditional national model so as to achieve greater and more inclusive economic growth. As it marks its 60th anniversary, the Inter-American Development Bank (IDB) has presented the study "Honduras: a territorial approach to development”, which makes an innovative proposal to confront the country’s development challenges and fu

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

Tuesday, May 7, 2019 - 13:22
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.

IDB Launches GBP 500 Million 1.250% Benchmark Due December 2025

Thursday, May 2, 2019 - 15:27
The transaction pays an annual coupon of 1.250% and matures on 15 December 2025. It priced with a spread of 40 basis points over the 2.000% UKT due September 2025, which represents a reoffer yield of 1.305% annually. The strength of investor demand allowed IDB to both tighten re-offer pricing as well as up-size the transaction. The final size of the deal matched IDB’s previous largest GBP-denominated syndicated transaction, and the pricing is the tightest Gilt spread achieved in 2019 for an SSA GBP-denominated benchmark maturing in 2025.

IDB launches Improving Lives Grant 2019 in the Washington, D.C. metropolitan area

Thursday, April 25, 2019 - 14:23
The grant offers up to $25,000 to 10 nonprofit organizations addressing the needs of Latin American and Caribbean communities in the DC area The Inter-American Development Bank (IDB) launched a call for proposals  to identify 10 impactful initiatives that address challenges faced by members of the Latin American and Caribbean communities in the Washington, D.C. metropolitan area.

Ecuador to strengthen its fiscal sustainability with IDB support

Wednesday, April 24, 2019 - 22:14
$500 million in financing will protect macroeconomic stability and social spending Ecuador will strengthen its fiscal sustainability with $500 million in financing approved by the Inter-American Development Bank (IDB).

Guayaquil, Ecuador, to host the 2019 annual meeting of the IDB and IDB Invest

Wednesday, April 17, 2019 - 11:51
Washington, DC. The Board of Executive Directors of the Inter-American Development Bank (IDB) today approved a resolution whereby the city of Guayaquil, Ecuador, is selected to host the Annual Meeting of the Boards of Governors of the IDB and the Inter-American Investment Corporation (known as IDB Invest) on July 16 and 17, 2019.

IDB study estimates big GDP impacts from low infrastructure investments in Latin America

Monday, April 15, 2019 - 15:35
Growth in Latin American and Caribbean is sharply impacted by the failure to invest in infrastructure and the cost rises over time, according to a new report by the Inter-American Development Bank. The study looks at energy, transportation, telecommunications, and water and sanitation sectors in six countries indicative of the reality for the entire region: Argentina, Bolivia, Costa Rica, Chile, Jamaica and Peru.

IDB Group approves 2019-2023 Country Strategy with Barbados

Monday, April 15, 2019 - 14:39
Support totaling $300 million to foster fiscal sustainability, safeguard social outcomes, and promote higher productivity and competitiveness The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a new country strategy with Barbados, which will have a financial plan for the period 2019–2023 of up to $300 million for sovereign-guaranteed loans.

Inter-American Development Bank Prices AUD 500 Million 5-Year ‘EYE’ Bond

Monday, April 15, 2019 - 13:07
The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s/S&P), priced a new AUD500 million 5-year fixed rate Kangaroo offering under the Education, Youth, and Employment (“EYE”) Bond program.

Weaker global outlook trims Latin America and Caribbean growth prospects

Monday, April 15, 2019 - 12:49
Infrastructure investments seen as critical to help region overcome global headwinds A combination of economic shocks could lower growth in Latin America and the Caribbean by an annual average of up to 1.7 percent in 2019-2021 of GDP, according to the Inter-American Development Bank’s Macroeconomic Report, bringing the baseline growth rate from 2.5 percent to just 0.8 percent.