IDB launches Blue Tech Challenge with up to US$2M in funding for Blue Economy proposals

Monday, September 24, 2018 - 16:32
The IDB through its Multilateral Investment Fund (MIF), Natural Capital Lab, Sustainable Islands Platform, and in alliance with the Compete Caribbean Partnership Facility, which is also supported by DFID, CDB and the Government of Canada, will identify firms and organizations looking to pilot and scale up business models that use cutting edge technologies to contribute to the sustainable management of oceans, marine ecosystems and coastal resources.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

Monday, September 24, 2018 - 15:05
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

IDB to invest $33.5 million to improve solid waste management in Haiti

Thursday, September 20, 2018 - 12:51
More than 23,000 homes in northern Haiti will benefit from better environmental and health conditions through a solid waste management and final disposal program The Inter-American Development Bank (IDB) has approved a $33.5 million grant to help finance an integrated solid waste management program in northern Haiti. The program’s goal is to boost living conditions in the departments of Cap-Haitien, Limonade and Quartier Morin by improving management and funding solid waste handling and final disposal infrastructure.

IDB approves $51.6 million loan to boost electricity sector in Bolivia

Thursday, September 20, 2018 - 11:38
The program is the first of two operations under the Programmatic Policy-Based Lending modality which will help improve the sustainability of the electricity sector in Bolivia The Inter-American Development Bank (IDB) has approved a $51.6 million loan for Bolivia which will strengthen sustainable development of the electricity sector, including the promotion of renewable energies such as geothermal, solar and wind power.

Challenges and opportunities for creative entrepreneurs revealed in IDB study

Thursday, September 13, 2018 - 09:21
Launching an Orange Future analyzes the situation of creative and cultural entrepreneurs in the region Around 70% of creative entrepreneurships fail because of bad financial planning, lack of understanding of the market and poor cash flow, according Launching an Orange Future, the new e-book released by the Inter-American Development Bank (IDB) in collaboration with the Failure Institute.

IDB launches $2.8 billion, 3.125% 10-year fixed-rate global bond

Wednesday, September 12, 2018 - 14:01
The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s/S&P), priced a new $2.8 billion, 10-year global bond.  The transaction pays a semi-annual coupon of 3.125% and matures on 18 September 2028. Priced with a spread of 18.15 basis points over the UST 2.875% due August 2028, this represents a yield of 3.15%. 

IDB launches report detailing steps to help avoid social conflicts

Monday, September 10, 2018 - 16:02
A new report by the Inter-American Development Bank (IDB) identifies ten key elements that can help projects improve their sustainability and reduce potential social conflicts, from proper community engagement and legal foundations to adequate monitoring of results.

IDB supports national electric energy transmission program in Honduras

Wednesday, September 5, 2018 - 13:57
$150 million loan will improve service quality by reducing power outages The approved lending operation will strengthen Honduras’s National Transmission System (NTS) by financing priority works under the National Electricity Energy Company’s (ENEE, after its Spanish initials) investment program.

Ecuador to renovate, strengthen its electric system with IDB support

Wednesday, September 5, 2018 - 13:30
The Inter-American Development Bank (IDB) has approved a $100 million loan to help Ecuador revamp, repower and improve the reliability of its electric system. The loan will provide continuity to the IDB’s support to Ecuador’s power sector, contributing to the government’s efforts to promote investments to strengthen the National Interconnected System. This operation focuses on equipment renewal, replacement and repowering in both the national transmission and distribution systems. It will also help strengthen management and planning capabilities.

Barranquilla, Colombia to host Foromic 2018

Thursday, August 30, 2018 - 17:39
The Colombian city of Barranquilla will host the leading event on financial inclusion and business development trends in Latin America and the Caribbean The IDB Group, through its innovation lab MIF, will hold the 21st edition of Foromic, the most important annual event on financial inclusion and business development in the Latin American and Caribbean region.