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

Challenges and opportunities for creative entrepreneurs revealed in IDB study

Thursday, September 13, 2018 - 09:21
Launching an Orange Future analyzes the situation of creative and cultural entrepreneurs in the region Around 70% of creative entrepreneurships fail because of bad financial planning, lack of understanding of the market and poor cash flow, according Launching an Orange Future, the new e-book released by the Inter-American Development Bank (IDB) in collaboration with the Failure Institute.

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.

Ecuador to renovate, strengthen its electric system with IDB support

Wednesday, September 5, 2018 - 13:30
The Inter-American Development Bank (IDB) has approved a $100 million loan to help Ecuador revamp, repower and improve the reliability of its electric system. The loan will provide continuity to the IDB’s support to Ecuador’s power sector, contributing to the government’s efforts to promote investments to strengthen the National Interconnected System. This operation focuses on equipment renewal, replacement and repowering in both the national transmission and distribution systems. It will also help strengthen management and planning capabilities.

Barranquilla, Colombia to host Foromic 2018

Thursday, August 30, 2018 - 17:39
The Colombian city of Barranquilla will host the leading event on financial inclusion and business development trends in Latin America and the Caribbean The IDB Group, through its innovation lab MIF, will hold the 21st edition of Foromic, the most important annual event on financial inclusion and business development in the Latin American and Caribbean region.

Artificial intelligence to boost Latin American and Caribbean economies: IDB study

Wednesday, August 29, 2018 - 11:43
Study also urges governments to anticipate consequences of artificial intelligence in labor markets BUENOS AIRES – Artificial intelligence can facilitate trade negotiations and add one additional percentage point of growth to Latin American and the Caribbean economies, according to a study by the Inter-American Development Bank (IDB).

Green infrastructure for Latin America and the Caribbean: rich in water, yet thirsty

Monday, August 27, 2018 - 15:54
The Inter-American Development Bank (IDB) is coordinating the Latin America and the Caribbean sessions during World Water Week in Sweden’s capital, with a focus on the need to adopt nature-based solutions to address the current and future demand for water resources in the region. STOCKHOLM, Sweden – Latin America and the Caribbean needs to progress towards a wiser combination of green and traditional infrastructure to satisfy the water needs of the 21st century.

IDB launches study to help governments improve national statistics

Tuesday, June 19, 2018 - 16:05
New IDB study presents recommendations to strengthen statistical capacity, based on the experiences of 10 countries in Latin America Statistics are an essential input for decision making and the design of good public policies. For that reason, the countries of Latin America and the Caribbean should invest in the strengthening of their National Statistics Offices (NSO), according to a new study by the Inter-American Development Bank (IDB).

Digitization of transactional public services would reduce red tape and corruption, save money in Latin America and the Caribbean

Monday, June 11, 2018 - 12:47
New IDB report recommends focusing on citizen experience interacting with government, investing in online services to benefit citizens, businesses and public sector institutions Digital transactional public services (“transactions”) take 74% less time than face-to-face transactions, cost much less and reduce corruption; nevertheless, in Latin America and the Caribbean there is still little investment to offer transactions online. The result? Citizens, firms and public institutions lose time, money and productivity.

Latin America and Caribbean single free trade agreement would reap $11 billion windfall, IDB study shows

Tuesday, May 29, 2018 - 14:22
Report urges action by major regional economies Argentina, Mexico and Brazil, amid challenging trade environment Latin America and the Caribbean could add an additional $11 billion in annual trade flows by blending 33 separate agreements into a single regional free trade bloc, according to a study by the Inter-American Development Bank (IDB).