Better management of tight budgets could help Latin American and Caribbean governments to raise living standards - OECD/IDB

Tuesday, December 6, 2016 - 03:00
SANTIAGO, Chile – Governments in Latin America will need to improve public sector management and capacity – including budget allocation – to compensate for the pressure on public finances from sliding commodity prices, according to a new report by the OECD and Inter-American Development Bank covering more than 15 countries in the region.

Finance ministers discuss deeper regional integration to stimulate growth and development in LAC

Wednesday, October 5, 2016 - 03:00
Latin America and the Caribbean is urged to implement a bold integration agenda Finance ministers of the Americas and the Caribbean, and the heads of the Inter-American Development Bank, International Monetary Fund, the World Bank and the U.S. Department of Treasury met today at the IDB to discuss policy options for relaunching regional integration to stimulate growth and contribute to long-term development in the region.

IDB approves a $300 million line of credit to help Ecuador maintain its social spending in case of economic shocks

Friday, December 19, 2014 - 03:00
The Inter-American Development Bank (IDB) has announced the approval of a stand-by line of credit for up to $300 million to help Ecuador protect its social spending from potential external economic shocks. The stand-by credit line, which will be in place for three years, will allow the government of Ecuador to temporarily sustain its levels of spending in programs to reduce poverty should exogenous events limit its revenues.

IIC launches InvestAmericas, a platform to foster financing for small and medium-sized enterprises

Wednesday, November 5, 2014 - 03:00
Innovative initiative to put SMEs in contact with local and international investors GUAYAQUIL, Ecuador – The Inter-American Investment Corporation (IIC) is introducing InvestAmericas, an innovative online platform that will connect Ecuadorean companies seeking financing from local and international investors. The presentation took place during FOROMIC, the most important microfinance event in Latin America and the Caribbean. 

Ecuador to promote financial inclusion for low income inhabitants of remote areas

Thursday, August 2, 2012 - 03:00
IDB loan for $10 million will benefit more than 200,000 new users of financial services Low-income Ecuadorians living in remote areas will have access to better financial services in a project supported by a $10 million Inter-American Development Bank (IDB) loan.

IDB disburses first loan under women entrepreneurshipBanking initiative

Friday, June 29, 2012 - 18:10
Loan proceeds and technical resources to Banco Pichincha will benefit women-owned SMEs in Ecuador and promote more inclusive financing models The Inter-American Development Bank (IDB) disbursed this week $5.1 million of a $12.8 million loan to Banco Pichincha in Ecuador—the first transaction under the IDB’s recently launched women entrepreneurshipBanking (weB) initiative.

Report: remittances to Latin America and the Caribbean rose to $61 billion in 2011

Thursday, March 8, 2012 - 15:18
MIF’s annual analysis of migrants’ money transfers shows year-on-year growth of 6% Latin American and Caribbean migrants sent $61 billion in remittances to their home countries last year, up 6 percent from $57.6 billion in 2010, according to a report released today by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank group.

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.

Report: weak dollar, inflation blunting purchasing power of remittances

Monday, March 14, 2011 - 03:00
After stabilizing in 2010, money transfers to Latin America and the Caribbean are poised to rise this year, according to the MIF Remittances to Latin America and the Caribbean are likely to rise this year after stabilizing during 2010, although a weaker dollar and higher inflation are reducing their purchasing power in many countries, according to the Inter-American Development Bank’s Multilateral Investment Fund (MIF).

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.