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.

Finance ministers discuss deeper regional integration to stimulate growth and development in LAC

Wednesday, October 5, 2016 - 03:00
Latin America and the Caribbean is urged to implement a bold integration agenda Finance ministers of the Americas and the Caribbean, and the heads of the Inter-American Development Bank, International Monetary Fund, the World Bank and the U.S. Department of Treasury met today at the IDB to discuss policy options for relaunching regional integration to stimulate growth and contribute to long-term development in the region.

Uruguay will improve its financial system's contribution to social growth and inclusion with IDB support

Thursday, December 17, 2015 - 03:00
It will implement reforms to benefit families and businesses, focusing on poor families and SMEs The Inter-American Development Bank (IDB) has approved a $250 million loan to finance a package of reforms designed to improve the contribution of Uruguay's financial system to the country’s growth. 

Uruguay to implement new program to boost investment in production and renewable energies

Tuesday, December 16, 2014 - 03:00
Support from the IDB for loans to finance irrigation projects, wind and solar power farms and upgrades in the citrus sector The Inter-American Development Bank (IDB) has approved a $250 million credit line for investment projects in Uruguay, as well as the first individual operation as part of it -- $125 million to promote investment in infrastructure and productive investment by providing medium- and long-term financing through the Bank of the Republic. 

Uruguay’s Microfin to expand access to financial services to microenterprises with IDB support

Thursday, September 20, 2012 - 03:00
25,000 microentrepreneurs expected to gain access to working capital Microfin will get a partial credit guarantee for 51.4 million Uruguayan pesos from the Inter-American Development Bank (IDB), paving the way for one of Uruguay’s leading microfinance institutions to expand access to financial services for as many as 25,000 microentrepreneurs who own small stores in periurban areas.

IDB announces winners of its beyondBanking awards

Thursday, March 15, 2012 - 03:00
Participate in Twitter using #IDBmtg Institutions from Bolivia, Brazil, Guatemala, Mexico and Paraguay recognized for their contributions to sustainable banking MONTEVIDEO, Uruguay – The Inter-American Development Bank (IDB) today announced the winners of its beyondBanking awards, which recognize outstanding contributions by financial intermediaries to sustainable banking in Latin America and the Caribbean.

Moreno: Latin America and Caribbean growth set to continue but challenges loom

Wednesday, March 14, 2012 - 03:00
Participate in Twitter using #IDBmtg The Inter-American Development Bank (IDB) will hold its annual meeting in Montevideo, Uruguay, next week. IDB President Luis Alberto Moreno talks about the key issues that will be discussed during the meeting as well as the economic prospects for Latin America and the Caribbean, and Bank operations this year.

Report: remittances to Latin America and the Caribbean rose to $61 billion in 2011

Thursday, March 8, 2012 - 15:18
MIF’s annual analysis of migrants’ money transfers shows year-on-year growth of 6% Latin American and Caribbean migrants sent $61 billion in remittances to their home countries last year, up 6 percent from $57.6 billion in 2010, according to a report released today by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank group.

Itaú BBA gets $100 million IDB loan to finance green projects in Latin America

Friday, February 17, 2012 - 03:00
Banco Itaú BBA SA will get a loan of up to $100 million from the Inter-American Development Bank (IDB) to finance environmentally friendly projects in Brazil, Chile, Colombia, Paraguay, Peru and Uruguay.

Report: weak dollar, inflation blunting purchasing power of remittances

Monday, March 14, 2011 - 03:00
After stabilizing in 2010, money transfers to Latin America and the Caribbean are poised to rise this year, according to the MIF Remittances to Latin America and the Caribbean are likely to rise this year after stabilizing during 2010, although a weaker dollar and higher inflation are reducing their purchasing power in many countries, according to the Inter-American Development Bank’s Multilateral Investment Fund (MIF).