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

Novel Facebook-based survey measures citizen frustration with bureaucracy in Latin America and Caribbean

Thursday, January 12, 2017 - 03:00
The IDB has launched two studies on quality and innovation in public services The Inter-American Development Bank launched two studies that show the low regard citizens have for the quality of public services they receive and how innovation can help make these services less bureaucratic.

Argentina and Chile will begin to develop Agua Negra Tunnel with support from IDB

Monday, December 12, 2016 - 14:35
A loan of $40 million will allow the two countries to structure the project and finance the final designs of this cross-border tunnel The Inter-American Development Bank (IDB) has approved a $40 million loan that will allow for bidding to begin for the Agua Negra tunnel, which will connect San Juan province in Argentina with that of Coquimbo in Chile.

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.

Uruguay to implement new national tourism program

Wednesday, November 30, 2016 - 12:51
IDB will provide support with a $20 million line of credit; the first $5 million tranche will benefit 12 cities and towns along the Uruguay River corridor The Inter-American Development Bank (IDB) has approved a line of credit for $20 million in investment projects to finance national tourism development in Uruguay. As part of this effort, the IDB gave the green light to a first $5 million disbursal for the Tourism Corridor Development Program, which will help 12 cities and towns along the Uruguay River corridor and their 275,000 residents.

Chile to implement sustainable energy project with IDB support

Wednesday, November 30, 2016 - 03:00
Plan will develop energy policy that encourages competition, energy efficiency, use of renewable sourcesand regional integration The Inter-American Development Bank (IDB) has approved a $100 million loan to finance a program that will boost energy sustainability in Chile through a reform process that addresses technical, economic, social and environmental issues in the sector and takes into account national and regional needs and interests.

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.

IDB backs program to expand sewage, rainwater drainage services in Montevideo, Uruguay

Wednesday, November 23, 2016 - 03:00
Plan will benefit 20,000 people, includes construction to complete liquid waste disposal system in the west of the city Uruguay will expand sewage and rainwater drainage systems in Montevideo and improve management of City Hall's sanitation system thanks to a $60 million loan approved by the Inter-American Development Bank (IDB).