Crime exacts steep social, public and private costs in Latin America and Caribbean: IDB study

Friday, February 3, 2017 - 03:00
Annual costs of crime and violence estimated at $261 billion for region; impacts vary among and within countries Violence and crime impacts much higher than for developed nations Report calculates foregone income of murder victims, imprisoned individuals A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at $261 bill

IIC joins efforts with Mind Lab to expand access to innovative educational methodologies in Brazil

Wednesday, February 1, 2017 - 03:00
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has signed a BRL 18 million loan with Mind Lab Brazil to increase access to innovative educational methodologies in public and private schools in Brazil. With the support of the IIC, the company expects to reach more than 160,000 additional students over the next six years, most of them living at the base of the economic pyramid.

Brazil to push private investment in clean energy with $750 million in IDB resources

Thursday, December 15, 2016 - 03:00
Program is the first in a conditional line of credit of up to $ 2.4 billion and will be carried out by BNDES and accredited financial institutions Brazil is going to boost long-term credit to finance renewable energy and energy efficiency in the private sector with $750 million in resources from the Inter-American Development Bank and $150 million from the Brazilian Development Bank (BNDES).

Banco Cooperativo Sicredi supports small rural farmers in Brazil with IIC financing

Tuesday, December 13, 2016 - 03:00
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group,has joined efforts with Banco Cooperativo Sicredi S.A to provide rural credit for Brazilian smallholder farmers and finance their low carbon agriculture practices. Through an A Loan of the equivalent in Brazilian Reais of US$50 million, the IIC will support an institution strategically committed to financial inclusion in rural areas, increasing food security and benefiting the environment by promoting the use of low carbon technologies.

Latin American and Caribbean exports will contract around 50 billion dollars in 2016

Monday, December 12, 2016 - 03:00
A new report by the IDB points to a lower rate of export contraction due to the stabilization of commodity prices Latin American and Caribbean exports are expected to fall approximately $50 billion, or 6 percent, in 2016, a lower contraction rate than the 15 percent observed in 2015. This relative improvement was mainly due to a rebound of commodity prices, according to a report conducted by the Inter-American Development Bank (IDB) using detailed data for 24 countries in the region. The value of total exports should reach $850 billion in 2016.

Better management of tight budgets could help Latin American and Caribbean governments to raise living standards - OECD/IDB

Tuesday, December 6, 2016 - 03:00
SANTIAGO, Chile – Governments in Latin America will need to improve public sector management and capacity – including budget allocation – to compensate for the pressure on public finances from sliding commodity prices, according to a new report by the OECD and Inter-American Development Bank covering more than 15 countries in the region.

Better governance and greater integration to determine fate of Latin America and the Caribbean in 2030

Thursday, December 1, 2016 - 03:00
New Atlantic Council report commissioned by IDB offers contrasting scenarios for crime, democracy, trade and economic growth The Atlantic Council today released "Latin America and the Caribbean 2030: Future Scenarios," a report commissioned by the Inter-American Development Bank (IDB) that looks at how the region's countries could evolve over the next 14 years, underscoring how more integration and better governance hold the key to greater prosperity.

Bolivia to improve rain water drainage in La Paz and El Alto with IDB support

Wednesday, November 23, 2016 - 03:00
Bolivia will upgrade its rain water drainage systems in the cities of La Paz and El Alto with a $30 million loan from the Inter-American Development Bank (IDB), benefiting 16,000 households. In La Paz alone, with its population of 800,000, the authorities estimate that landslides and floods in the rainy season cost around $27 million a year, including spending for emergencies, clean-up work, rebuilding infrastructure and losses in the private sector.

Bolivia to increase farm productivity with IDB loan

Tuesday, November 22, 2016 - 03:00
Bolivia will boost productivity in its agricultural and livestock sector with a $25 million loan from the Inter-American Development Bank (IDB). The project is designed to reduce losses from pests and disease, enhance access to export markets and improve sanitary conditions. It will benefit rural producers, members of the main farm production chains and Bolivian consumers.

The trade slowdown in Latin America and the Caribbean is more intense than in the rest of the world

Thursday, November 17, 2016 - 03:00
South American and Caribbean countries were the most affected. Following two years in a downward trajectory, the value of Latin American exports fell 14.8 percent in 2015, and 8.5 percent in the first seven months of 2016, according to the Trade and Integration Monitor 2016 of the Inter-American Development Bank.