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

Panama to improve its territorial connectivity with IDB support

Thursday, July 19, 2018 - 09:42
US$87 million loan will strengthen the country’s transportation network at regional level Panama will strengthen its road transport network, boost productivity in the country’s central and western regions, and increase access of the Ngäbe-Buglé indigenous rural communities to basic services with a US$87 million loan from the Inter-American Development Bank (IDB).

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.

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.

IDB supports road infrastructure upgrades in Peru

Thursday, December 15, 2016 - 03:00
Improving the road linking Huánuco - La Unión - Huallanca will facilitate exports of products from Peru's Sierra and jungle The Inter-American Development Bank (IDB) has approved a $80 million loan to support upgrades, improvement and conservation of the Huánuco - La Unión - Huallanca road, which links productive areas of Peru's sierra and jungle with the country's main foreign trade hubs, including the port of Callao.

IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador

Saturday, October 15, 2016 - 03:00
Habitat, the main global conference on Housing and Sustainable Urban Development, is being held for the first time in Latin America The Inter-American Development Bank (IDB) will have a strong presence in the Habitat III Conference to be held in Quito, Ecuador, Oct. 17-20, 2016.