IDB launches Superheroes of Development contest to recognize executing agencies

Monday, March 4, 2019 - 18:41
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

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

Caribbean leaders launch plan to make region a “climate-smart zone,” with IDB support

Monday, December 11, 2017 - 19:00
Paris — The Inter-American Development Bank Group (IDB Group) announced its support for the newly formed Caribbean Climate-Smart Coalition, a public-private initiative aimed at funding an $8 billion investment plan to transform the region into the world’s first “climate-smart” zone and benefit an estimated 3.2 million households in the region.

Bolivia to rebuild, improve Mairana-Bermejo road with IDB support

Thursday, November 16, 2017 - 19:00
A $64 million loan will help improve quality and traffic conditions, accessibility and safety of key road in the Santa Cruz Department, benefiting in particular Florida Province farmlands  Bolivia will continue to improve its road network, focusing on enhancing connectivity of its productive centers with national and international markets, by rebuilding and improving the Mairana-Bermejo segment with financing from the Inter-American Development Bank (IDB). 

IIC finances energy efficiency investments at Arawak Port in Nassau

Monday, June 26, 2017 - 03:00
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank (IDB) Group, signed a US$3 million loan to Arawak Port Development (APD Limited), a public-private partnership set up between the private sector and Government of the Bahamas. The project will finance the installation of a rooftop solar photovoltaic system on APD Limited's main building at the port, as well as financing the retrofit of the port’s terminal lights to LED, along with other energy efficiency activities at the port.

The Bahamas to improve airport infrastructure with IDB support

Wednesday, January 25, 2017 - 03:00
A $35 million loan will enhance the connectivity of four airports on the Family Islands The Inter-American Development Bank (IDB) has approved a $35 million loan designed to improve infrastructure at four airports on the Family Islands, as The Bahamas' less developed outer islands are known. The loan will contribute to the archipelago's regional and international integration through upgrades at the airports of Exuma, North Eleuthera, Marsh Harbour and Treasure Cay.

IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador

Saturday, October 15, 2016 - 03:00
Habitat, the main global conference on Housing and Sustainable Urban Development, is being held for the first time in Latin America The Inter-American Development Bank (IDB) will have a strong presence in the Habitat III Conference to be held in Quito, Ecuador, Oct. 17-20, 2016.

IDB approves $100 million for rural electrification in Bolivia

Friday, September 2, 2016 - 03:00
Project to enhance transmission coverage, help poverty alleviation efforts The Inter-American Development Bank has approved a $100 million loan to help advance the living standards of Bolivia’s low-income households that lack or have only limited access to electricity by improving and expanding service coverage.

IDB Hosts Capitol Hill Event on US-Caribbean Strategic Engagement

Friday, June 17, 2016 - 21:31
US Members of Congress Recognize IDB for its Leadership on Caribbean Development On June 15, 2016, the Inter-American Development Bank (IDB) and Caribbean-Central American Action (CCAA) co-hosted an event on Capitol Hill on “Opportunities and Challenges for the United States and Caribbean Region." A highlight of this IDB-CCAA event was remarks by Representative Eliot Engel (D-NY) and Representative Ileana Ros-Lehtinen (R-FL), the lead co-sponsors of H.R. 4939, the United States-Caribbean Strategic Engagement Act (H.R.

Suriname improves governance and strengthens its energy sector with IDB loan

Wednesday, June 8, 2016 - 12:13
Project to support the development of an institutional and regulatory policy framework to enhance the nation’s energy sector and its government institutions Suriname will increase the efficiency, transparency, sustainability and accountability of its energy sector, supported by a $70 million loan approved by the Inter-American Development Bank (IDB). It will be able to provide more reliable and sustainable energy to its citizens, and in the process, will both improve the supply of electricity and foster the reduction in its reliance on fossil fuels.