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.

Inter-American Development Bank / World Bank / Caribbean Development Bank joint press release on International Monetary Fund staff-level agreement with Suriname

Friday, April 15, 2016 - 20:06
The Government of Suriname and the International Monetary Fund (IMF) have agreed on the key elements of an economic program that would be supported by a Stand-By Arrangement (SBA). A reform agenda was put forward by the Surinamese authorities to stabilize Suriname’s economy and to set the stage for its recovery.

Nicaragua improves ability to respond to natural disasters with IDB support

Wednesday, November 27, 2013 - 10:30
$186 million contingent loan will help country with earthquakes, floods, and hurricanes The Inter-American Development Bank (IDB) has approved a $186 million contingent loan to help Nicaragua mitigate the impact that severe or catastrophic natural disasters could have on its public finances.

IDB supports innovative rent-to-own pilot housing program in Nicaragua

Thursday, May 17, 2012 - 03:00
The loan will finance a pilot program to expand mortgage lending for low-income, informally employed Nicaraguans The Inter-American Development Bank (IDB) today approved a $10 million loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing.

Peru’s BanBif gets $20 million subordinated loan from the IDB to boost mortgage lending

Monday, January 30, 2012 - 03:00
IDB financing to support BanBif’s business strategy to target middle-income markets The Inter-American Development Bank (IDB) closed and disbursed a $20 million subordinated loan to Banco Interamericano de Finanzas of Peru (BanBif) that will pave the way for increased mortgage lending.

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).

Guyana improves supervision and access to financial services with IDB support

Thursday, November 4, 2010 - 03:00
Guyana will strengthen supervision and the regulatory frameworks of its financial system as well as boost transparency with the third and last programmatic policy-based loan of $5 million approved by the Inter-American Development Bank (IDB).

IDB will help Nicaragua improve public sector financial management

Thursday, October 14, 2010 - 03:00
Nicaragua’s public sector will improve the efficiency and transparency of its public expenditure management and will modernize its processes and systems of financial administration with the help of a $10 million loan from the Inter-American Development Bank.

IDB, Caribbean leaders discuss how to achieve resilient growth after the crisis

Friday, October 1, 2010 - 03:00
NASSAU, Bahamas – The Hon. Hubert Alexander Ingraham, Prime Minister of The Bahamas, Inter-American Development Bank (IDB) President Luis Alberto Moreno and the Caribbean Development Bank (CDB) President Compton Bourne opened today a forum that brings together the Governors of the IDB from Caribbean member countries with other government officials, policymakers, members of academia and businessmen.