IDB releases its 2010 Development Effectiveness Report

Wednesday, March 23, 2011 - 03:00
Report evaluates Bank’s efforts in measuring its development impact in Latin America and the Caribbean The Inter-American Development Bank (IDB) has made strides to boost transparency, accountability and enhance the development impact of its investments in Latin America and the Caribbean, according to the new edition of the IDB’s 2010 Development Effectiveness Overview.

Agricultural revenues, employment in Latin American tropical areas likely to decline with deforestation ban

Friday, January 28, 2011 - 12:16
Farmers in Latin America and Caribbean will see billions in lost revenue over the next two decades if a complete ban on deforestation is put in place, highlighting the need for compensatory actions to alleviate poverty in affected rural areas, according to new pilot study by the Inter-American Development Bank (IDB). The study also found that a deforestation ban would have a negligible impact on food prices.

IDB launches second phase of public consultation to discuss strategy on Institutions for Growth and Social Welfare

Wednesday, January 26, 2011 - 03:00
The Inter-American Development Bank (IDB) announced the second phase of public consultations to discuss its draft strategy on Institutions for Growth and Social Welfare. As a key component of the Ninth General Capital Increase in the Resources of the IDB, the strategy will guide the Bank’s operational and analytical work to improve the institution’s impact on economic growth and social welfare.

Inter-American Development Bank and Standard Chartered Disburse First Trade Finance co-loan under the new $200 million Latin American Co-lending Partnership

Tuesday, January 25, 2011 - 03:55
The Inter-American Development Bank (IDB) and the Standard Chartered Bank (SCB) disbursed the first co-loan of the recently signed Latin American Trade Co-lending Partnership (TCLP). The $10 million, 360-day trade finance loan to Banco Industrial e Comercial S.A. (BICBANCO) will facilitate the flow of consumer goods from Brazil to Germany. This is the first of many trade finance loans expected to be disbursed under the partnership.

IDB helps improve housing conditions in Peru’s Amazon region

Wednesday, December 15, 2010 - 03:00
The Inter-American Development Bank (IDB) has closed a loan transaction of 5.6 million Peruvian Soles (equivalent to $ 2 million) with Caja Municipal de Ahorro y Credito SA Maynas (CMAC Maynas) to boost home improvement loans for low-income families in Peru’s Amazon region.

IDB closes the first ever internationally syndicated loan in Paraguay

Tuesday, December 14, 2010 - 03:00
The Inter-American Development Bank (IDB) closed a $40 million syndicated loan with Banco Continental in Paraguay to help fund lending to small and medium-sized business. The operation consists of a five-year loan of $25 million (A Loan) from the IDB’s own resources with a two-year grace period; and $15 million syndicated loan (B Loan) involving private investors through the sale of participations divided in two tranches.

Paraguay to reduce housing deficit with help from the IDB

Monday, December 13, 2010 - 03:00
The Inter-American Development Bank (IDB), through its Opportunities for the Majority Initiative (OMJ), approved a partial credit guarantee of up to $2.5 million for Vision Banco S.A.E.C.A., a leading Paraguayan commercial bank specialized in microfinance, to help it expand loan offerings for micro-entrepreneurs that wish to make housing improvements.

Peru improves efficiency of water and sanitation providers with support from IDB

Wednesday, December 1, 2010 - 03:00
Peru will improve the efficiency, equity, sustainability, and environmental conditions of water and sanitation service delivery through a reform program supported by the Inter-American Development Bank.

IDB supports consolidation of water resources reform in Peru

Wednesday, December 1, 2010 - 03:00
The Inter-American Development Bank approved a $25 million loan to support the third stage of a water resources management reform program in Peru that seeks to increase the efficiency, equity and sustainability of water use.

IDB begins comprehensive support to help Paraguay develop tourism

Monday, November 22, 2010 - 03:00
Paraguay will get a $10 million loan from the Inter-American Development Bank (IDB) to develop public tourist attractions, in a bid to create more jobs and improve economic growth.