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

Bogota to improve public transportation system with IDB financial support

Wednesday, August 1, 2018 - 17:57
The Inter-American Development Bank (IDB) has approved a $600 million conditional credit line for investment projects that includes a $70 million loan to build Bogota’s First Metro Liner (PLMB, after its Spanish initials) – Segment 1.

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.

Colombia to improve sustainable energy system with IDB support

Thursday, November 30, 2017 - 19:00
A $300 million loan will boost power supply safety and efficiency and promote the use of clean energy sources, benefiting users throughout the country  Colombia will enhance its energy sector’s sustainability and efficiency with a $300 million loan approved by the Inter-American Development Bank (IDB). 

Brazil’s Santa Catarina State will improve productivity and reliability of electricity supply with IDB support

Thursday, November 23, 2017 - 19:00
The Inter-American Development Bank (IDB) has approved a multiple-works investment loan in the amount of US$276.05 million to Centrais Elétricas de Santa Catarina–Distribuição S.A. (CELESC-D), the electric power distribution utility serving Brazil’s state of Santa Catarina. The program’s overall objective is to help boost productivity throughout the state of Santa Catarina by providing a higher quality and more reliable supply of electric power.

IDB Group and UK approve innovative £177 million financing program for sustainable infrastructure

Tuesday, November 14, 2017 - 06:09
Bonn, Germany— The Inter-American Development Bank Group, principally through its private-sector arm IDB Invest, and the Department for Business, Energy and Industrial Strategy of the UK (BEIS) announced today they are partnering to create the UK Sustainable Infrastructure Program (SIP).

Nicaragua continues strengthening electricity sector with new financing from the IDB

Friday, September 29, 2017 - 03:00
The IDB has approved a $65 million loan to help Nicaragua strengthen a framework that guarantees financial and operational sustainability of its electricity sector. The program will support macroeconomic stability, ensure the sector’s financial soundness, improve transparency of its management results, and promote a sustainable energy matrix.

IDB promotes Mesoamerica’s transportation, logistics and integration agenda

Wednesday, August 9, 2017 - 03:00
IDB to finance specialized studies as well as investment and action plans for regional initiatives, with particular emphasis on the Pacific Corridor

The IIC and Santa Fe join forces to improve road infrastructure in Nicaragua

Thursday, June 15, 2017 - 03:00
The Inter-American Investment Corporation (IIC) has signed a $5 million loan facility with Constructora Santa Fe Ltda to finance the working capital required by the company to participate in tenders for highway projects, initial stages of operations and other pre-operating expenses in Nicaragua and Costa Rica.

Lowering fiscal and external vulnerability the key to promoting growth in Central America and the Dominican Republic

Thursday, February 9, 2017 - 03:00
Regional IDB Governors meet in Washington to analyze economic prospects for 2017 The modest recovery in the United States and continuing favorable financial conditions in 2017 will also represent sources of economic stimulus throughout the year for the countries of Central America and the Dominican Republic, which will translate into growth of around 3.9 percent in 2017. Internal financial and monetary reforms should ensure price stability and the health of the banking system.