IDB to help finance student loans in six Latin American countries

Wednesday, February 1, 2012 - 03:00
IDB loan to Higher Education Finance Fund will pave the way for increased student loans in Guatemala, Honduras, Dominican Republic, Peru, Bolivia, and Paraguay The Inter-American Development Bank (IDB) will help expand the access to higher education in Latin America and the Caribbean by providing a $10 million loan to the Higher Education Finance Fund, L.P. (HEFF), a regional debt fund that seeks to offer student loans through local microfinance organizations.

Small Bolivian sesame farmers to boost output and income with IDB support

Monday, September 26, 2011 - 03:00
$2.1 million loan will help fund expansion of one of Bolivia’s biggest sesame seed exporters to benefit 2,200 small farmers in Santa Cruz region The Inter-American Development Bank (IDB) approved a $2.1 million loan to finance the expansion of Alimentos Naturales LATCO International S.A., one of Bolivia ’s largest sesame seed exporters, a project that is expected to benefit 2,200 small sesame farmers in the Santa Cruz region.

IDB closes $3.6 million syndicated loan to provide access to finance for smallholder farmers

Tuesday, July 5, 2011 - 03:00
As many as 10,000 small farmers in nine countries to benefit from IDB loan to FOPEPRO The Inter-American Development Bank (IDB) has closed a $3.6 million loan to provide access to finance for smallholder producer groups and farmers associations in nine Latin American countries through a loan to the “Fund for Small Rural Producers in Latin America” or “Fondo para los Pequeños Productores Rurales en América Latina (FOPEPRO)."

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, Oikocredit, Incofin and Calvert Foundation back credit cooperative in Ecuador

Tuesday, February 15, 2011 - 03:00
Innovative financing arrangement between IDB and Impact Investors gives Ecuadoran rural communities the tools to grow and thrive The Inter-American Development Bank (IDB) has closed a $9 million syndicated loan with Jardin Azuayo, a community-based savings and loan cooperative in Ecuador. The loan will fund the co-op’s Credits for Community Development project, which channels funds to municipalities, community organizations and other local entities to finance improvements in social infrastructure such as schools and roads.

Chilean bank expands financing for microenterprise with IDB assistance

Friday, December 18, 2009 - 03:00
The Inter-American Development Bank has approved a $10 million credit guarantee to help up to 80,000 small entrepreneurs get access to loans under an innovative program provided by Chile’s Banco de Crédito e Inversiones (BCI).<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />  

Immigrants sent 3.7 billion euros from Spain to Latin America in 2006, says IDB fund

Tuesday, June 5, 2007 - 03:00
MADRID – Latin American immigrants sent some 3.7 billion euros (about $5 billion) from Spain to their countries of origin during 2006, according to estimates released today by the Inter-American Development Bank’s Multilateral Investment Fund (MIF). Should current demographic and economic trends persist, by 2010 remittances from Spain to Latin America could reach 5 billion euros a year (approximately $7 billion), MIF Manager Donald F. Terry said at a news conference held here.

Latin America needs microeconomic reforms to expand its middle class, Bill Clinton says

Tuesday, June 13, 2006 - 03:00
Latin America should carry out microeconomic reforms to clear the path for more poor people to join the middle class, instead of locking itself in a debate over fiscal discipline and social spending, former U.S. president Bill Clinton said today. In a public dialogue with the president of the Inter-American Development Bank, Luis Alberto Moreno, Clinton also commented on current issues such as immigration, alternative energy sources, climate change and the fight against AIDS.

“Dead capital” in 12 Latin American countries worth $1.2 trillion, according to report

Monday, June 12, 2006 - 03:00
Dwellings, rural properties and businesses in the informal or “extralegal” sector of 12 Latin American countries are worth more than $1.2 trillion, according to a report presented today at a conference at the Inter-American Development Bank. IDB President Luis Alberto Moreno said the study on informality in Latin America and the Caribbean, together with other research on poverty conducted or sponsored by the Bank, will help guide a new development initiative, Building Opportunity for the Majority.

IDB approves $37.1 million for municipal modernization and neighborhood improvements in Quito, Ecuador

Wednesday, June 7, 2006 - 03:00
The Inter-American Development Bank today approved a $37.1 million loan to support the first stage of a multiphase municipal modernization and neighborhood improvements program in Quito, Ecuador. The program will strengthen governance in the Municipio of Quito and help raise living standards for 28,000 families in its poorest neighborhoods. It will increase the efficiency and transparency of municipal management and improve physical, social and environmental conditions in low income areas of the city, which represent around 55 per cent of its total population.