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.

IDB, governments of Central America, SICA and the international community prepare citizen security strategy for the region

Monday, February 14, 2011 - 17:28
The Inter-American Development Bank (IDB) and senior officials of the US Department of State, the international community and the Central American Integration System (SICA) discussed the progress of the Regional Security Strategy that countries are developing and coordination mechanisms for the fight against insecurity in Central America.

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.

Costa Rica to improve water and sanitation services with help from Spain, Japan, IDB

Tuesday, December 21, 2010 - 03:00
Costa Rica will improve its drinking water, sanitation and wastewater treatment services, benefiting more than one million inhabitants of urban, periurban, and rural areas with assistance from a financial package that includes a $20 million grant from the Spanish Government and a $73 million loan approved by the Inter-American Development Bank.

IDB's Multilateral Investment Fund supports CoreCo Central America I L.P. Fund

Tuesday, December 21, 2010 - 03:00
The Multilateral Investment Fund (MIF) the Inter-American Development Bank's private-sector arm that promotes opportunity for small and microenterprises, has committed up to $5.5 million to the fund CoreCo Central America I L.P. (“CoreCo”), which will invest in small and medium-sized businesses (SMEs) in Central America. 

IDB launches LEED Financing Facility for the construction of green hotels in Central America, Mexico and the Caribbean

Tuesday, December 14, 2010 - 03:00
The Inter-American Development Bank (IDB) approved a master financing facility of up to $42 million in long-term IDB loans to finance up to eight Marriott-hotels to be developed by Caribe Hospitality S.A. in Costa Rica, Nicaragua, Guatemala, Panama, Jamaica, Trinidad and Tobago, and Mexico that will meet world-class environmental and sustainability standards.

Banco Promerica de Costa Rica to increase mortgages and loans for green projects with IDB support

Wednesday, September 8, 2010 - 03:00
The Inter-American Development Bank (IDB) approved a $15 million loan to Banco Promerica de Costa Rica to help the bank expand its long-term mortgage operations and loans for environmentally sustainable projects.

Regional electrical integration advances in Central America

Thursday, August 26, 2010 - 03:00
SAN JOSE, Costa Rica – Senior officials in the Central America’s electricity sector yesterday proposed concrete plans and agreements that will permit the comprehensive operation of a Regional Electrical Market (MER) before the end of 2011.