Multilateral banks reaffirm pledge to support resilient, sustainable infrastructure

Saturday, October 13, 2018 - 16:41
IDB President Luis Alberto Moreno participates in the opening session BALI, Indonesia - The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable.

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

IDB launches report detailing steps to help avoid social conflicts

Monday, September 10, 2018 - 16:02
A new report by the Inter-American Development Bank (IDB) identifies ten key elements that can help projects improve their sustainability and reduce potential social conflicts, from proper community engagement and legal foundations to adequate monitoring of results.

Brazil’s Santa Catarina State will improve productivity and reliability of electricity supply with IDB support

Thursday, November 23, 2017 - 19:00
The Inter-American Development Bank (IDB) has approved a multiple-works investment loan in the amount of US$276.05 million to Centrais Elétricas de Santa Catarina–Distribuição S.A. (CELESC-D), the electric power distribution utility serving Brazil’s state of Santa Catarina. The program’s overall objective is to help boost productivity throughout the state of Santa Catarina by providing a higher quality and more reliable supply of electric power.

Argentina and Chile get $280 million in IDB loans for first stage of the Agua Negra international tunnel

Wednesday, October 18, 2017 - 14:22
A $130 million loan for Argentina and a $150 million loan for Chile, expandable to a total $1.5 billion, will help both countries begin construction of new cross-border tunnel The Inter-American Development Bank (IDB) has approved two loans totaling $280 million –$130 million for Argentina and $150 million for Chile– to help start the construction of the Agua Negra tunnel connecting the two neighboring nations.

IIC finances Aela Energía wind projects in Chile

Monday, August 14, 2017 - 14:25
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank Group, closed a $135 million project finance loan to Aela Energía for the construction, operation and maintenance of three wind projects located in the Atacama, Los Lagos and Bio-Bio regions of Chile.

IIC closes B-bond structure in Campo Palomas Wind Farm

Thursday, August 3, 2017 - 16:56
The Inter-American Investment Corporation (IIC), the private sector arm of the IDB Group, has closed on a landmark 19.5 years amortizing B-bond for US$135.8 million to finance the operation of the 70 MW Uruguayan wind farm Campo Palomas. The project is developed by Invenergy, a global leader in renewable energy projects. The transaction marks the first B-bond issued in connection with an IIC A loan and the second such structure deployed by the IDB Group – the first one being the IDB’s Reventazon Hydroelectric Plant in Costa Rica.

IIC finances transmission line to connect renewable energy projects in Uruguay

Tuesday, July 18, 2017 - 03:00
The Inter-American Investment Corporation (IIC), the private sector arm of the IDB Group, signed a US$56 million senior A-loan and a US$25 million B-loan from BBVA to Difebal S.A, a special purpose vehicle fully owned by Terna, the largest transmission system operator in Europe.

IIC promotes energy-efficient street lighting in Chilean municipalities

Tuesday, May 16, 2017 - 03:00
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has signed a financing package of US$18.5 million with Itelecom to upgrade public roadway lighting systems to high efficiency LED technology in eight municipalities in Chile.

IIC to finance first public-private partnership transmission line in Uruguay

Thursday, May 11, 2017 - 03:00
The Inter-American Investment Corporation (IIC) continues to support energy generation from renewable sources in Uruguay with the approval of a $56 million financing package for a 500 Kv transmission line between the cities of Melo and Tacuarembó. The project will expand the electricity network enabling the integration of renewable energy into the grid.