IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1bn of investments

Thursday, August 9, 2018 - 10:23
Backed by 26 Caribbean governments and the private sector, the Accelerator will fast-track investments which support climate action and economic growth    The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.

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.

Colombia will improve the effectiveness of the institutional management of its Ombudsman's Office with IDB support

Wednesday, July 4, 2018 - 12:08
An $18 million loan will strengthen the Ombudsman's Office to provide Colombian citizens with better care and service Colombia will strengthen the institutional management of its Ombudsman's Office (DPC), benefiting citizens through an expanded offer, better services and specialized attention from the entity.

Colombia to strengthen fiscal management, promote faster growth with IDB support

Tuesday, June 26, 2018 - 13:03
US$600 million financing from IDB will help Colombia continue to develop its fiscal reform program, fostering growth and macroeconomic stability Colombia has continued to deepen its fiscal reform program aimed at raising tax collection, promoting a more efficient use of public spending, and improving debt as well as the management of public assets and liabilities with a US$600 million loan from the Inter-American Development Bank (IDB).

IDB launches study to help governments improve national statistics

Tuesday, June 19, 2018 - 16:05
New IDB study presents recommendations to strengthen statistical capacity, based on the experiences of 10 countries in Latin America Statistics are an essential input for decision making and the design of good public policies. For that reason, the countries of Latin America and the Caribbean should invest in the strengthening of their National Statistics Offices (NSO), according to a new study by the Inter-American Development Bank (IDB).

Digitization of transactional public services would reduce red tape and corruption, save money in Latin America and the Caribbean

Monday, June 11, 2018 - 12:47
New IDB report recommends focusing on citizen experience interacting with government, investing in online services to benefit citizens, businesses and public sector institutions Digital transactional public services (“transactions”) take 74% less time than face-to-face transactions, cost much less and reduce corruption; nevertheless, in Latin America and the Caribbean there is still little investment to offer transactions online. The result? Citizens, firms and public institutions lose time, money and productivity.

Latin America and Caribbean single free trade agreement would reap $11 billion windfall, IDB study shows

Tuesday, May 29, 2018 - 14:22
Report urges action by major regional economies Argentina, Mexico and Brazil, amid challenging trade environment Latin America and the Caribbean could add an additional $11 billion in annual trade flows by blending 33 separate agreements into a single regional free trade bloc, according to a study by the Inter-American Development Bank (IDB).

IDB report underscores social benefits of sports for development but warns against program design flaws

Friday, May 25, 2018 - 09:23
Latin American and Caribbean region lags in sports spending, activity levels Latin American and Caribbean region could get a development boost from sports activities that improve the region’s social and health benefits, provided the programs are properly designed and monitored, according to a report by the Inter-American Development Bank.

Colombia issues its first social bond in the local market for 400,000 million pesos with IDB support

Thursday, May 24, 2018 - 09:37
(This new version corrects the total amount of bonds sold in the local market.)

Business Forum brings together private and public sector leaders to promote infrastructure investment and integration

Friday, March 23, 2018 - 10:41
Argentine ministers and Mendoza governor take part in event held ahead of IDB Annual Meeting MENDOZA, Argentina – The III Business Forum opened today with the participation of nearly 900 business leaders and government officials from 30 countries, who convened to discuss an ambitious agenda focused on boosting investments in infrastructure, promoting regional economies, and speeding up regional integration in Latin America and the Caribbean.