Colombia issues first energy savings insurance policies

Wednesday, February 13, 2019 - 17:08
SMALL AND MEDIUM ENTERPRISES ACCESS TO POLICIES TO GUARANTEE ENERGY SAVING IN INVESTMENT PROJECTS FOR MORE EFFICIENT TECHNOLOGIES With the support of the Inter-American Development Bank, and in collaboration with BANCOLDEX, Colombia has become the first country in Latin America and the Caribbean to issue energy saving policies under the Energy Savings Insurance Program (ESI) in benefit of five small and medium-si

Latin America & Caribbean will need 23 million health and education professionals by 2040

Tuesday, January 29, 2019 - 12:53
A new IDB study from the series The future of work in Latin America and the Caribbean estimates that the region will need 12 million teachers, 3 million doctors and 8 million nurses by the year 2040. The study also highlights that jobs in education and health are good

Eric Parrado appointed as new chief economist for the IDB

Wednesday, January 23, 2019 - 16:01
The Inter-American Development Bank announced today that starting March 1 Eric Parrado Herrera will take over as the new chief economist and general manager of the IDB’s Research Department. A Chilean national, Parrado is Professor of Economics and Finance at the ESE Business School of Universidad de los Andes in Santiago, Chile, and visiting professor at the University of Oxford and the Central European University. 

Latin American and Caribbean exports rise but at a slower rate

Thursday, January 10, 2019 - 12:13
Exports from Latin America and the Caribbean hit their highest level in six years thanks to a 9.9 percent increase in 2018, albeit amid growing downside risks in the future, according to a new report by the Inter-American Development Bank. The region exported $1.08 trillion last year. While this is the highest level since record exports in 2012, the rise fell short of the 12.2 percent growth rate for 2017. The region’s performance also lagged a worldwide trade increase of 11.6 percent for the Jan-Sept period (compared to the same period the previous year).

Uruguay will increase the efficiency and effectiveness of budgetary and financial manageme

Thursday, December 6, 2018 - 06:54
IDB approved financing for a program to be implemented in state agencies and in different units of the Ministry of Economy and Finance The Inter-American Development Bank (IDB) approved a loan of $17 million in support of a program that will contribute to increase the efficiency and effectiveness of budgetary and financial management of the public sector in Uruguay, through a greater generation and use of information for the management of resources in

Brazil to improve municipal infrastructure with IDB support

Monday, December 3, 2018 - 16:06
INVESTMENTS OF $600 MILLION CHANNELED BY BANCO DO BRASIL WILL BE AVAILABLE TO MUNICIPALITIES WITH A POPULATION OF UP TO 500,000 The Inter-American Development Bank (IDB) has approved a $600 million multisectoral loan to Banco do Brasil to improve the efficiency of road, water, energy and public services infrastructure in small and medium-sized cities.

Modernization hydroelectric plant, productive and tourism competitiveness of Salto Grande

Wednesday, November 28, 2018 - 13:24
IDB approved two integration operations that will benefit Argentina and Uruguay The Inter-American Development Bank (IDB) has approved two financing packages worth a total of $130 million in support of a program to modernize the Argentine-Uruguayan binational hydroelectric power plant in Salto Grande and a program to boost the competitiveness of the productive and tourism sectors of that region, made up of the departments of Concordia and Federacion in the Argentine province of Entre Ríos and Salto departm

Citizen Security Week in Chile will address the use of technology against crime

Monday, November 26, 2018 - 17:28
The IDB, the Government of Chile and countries of the region will discuss in Santiago, Chile, digital innovations and their application in the value chain in citizen security and justice The Inter-American Development Bank (IDB) and the Ministry of the Interior and Public Security of Chile will hold the Tenth Citizen Security Week, in Chile from November 26 to 30, 2018. It is the largest regional event dedicated to security and criminal justice issues in Latin America and the Caribbean.

Millennials have potential that Latin America and Caribbean must not squander, says study

Thursday, November 22, 2018 - 15:39
Young people in Latin America and the Caribbean have weak cognitive skills but their socio-emotional abilities are strong, according to the study “Millennials in Latin America and the Caribbean: to work or to study?” The report, which is the result of research drawing on more than 15,000 people in nine countries, also found a high level of optimism and aspiration in this new generation of workers. Young people in Latin America and the Caribbean have great potential but it could end u

Brazil promotes productivity of micro, small and medium-size enterprises with IDB support

Thursday, November 22, 2018 - 13:03
IDB APPROVES $750 MILLION CREDIT TO PROVIDE ACCESS TO FINANCING FOR MORE THAN 4,900 MSME IN BRAZIL THROUGH A NEW BNDES DIGITAL CHANNEL. The Inter-American Development Bank has approved a $750 million line of credit aimed at boosting the productivity of more than 4,900 micro, small and medium-sized enterprises (MSME) in Brazil. They will be able to access new credit sources through digital channels, thus contributing to economic growth and job creation.