Lowering fiscal and external vulnerability the key to promoting growth in Central America and the Dominican Republic

Thursday, February 9, 2017 - 03:00
Regional IDB Governors meet in Washington to analyze economic prospects for 2017 The modest recovery in the United States and continuing favorable financial conditions in 2017 will also represent sources of economic stimulus throughout the year for the countries of Central America and the Dominican Republic, which will translate into growth of around 3.9 percent in 2017. Internal financial and monetary reforms should ensure price stability and the health of the banking system.

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.

Record-breaking amount of remittances received in Latin America and the Caribbean

Tuesday, May 12, 2015 - 03:00
According to Remittances to Latin America and the Caribbean Set a New Record High in 2014, the increase reflects significant growth in remittance flows to Mexico (8 percent), Central America (7.4 percent) and the Caribbean (6.3 percent), linked to the recovery of the economy and labor market in the United States. However, there was a decrease of 1 percent to South America, partly due to the economic situation in Spain, which constitutes a major source of remittance flows to that subregion.

Remittance Flows Up in Central America and Caribbean, Down in Mexico and South America

Tuesday, June 10, 2014 - 03:00
MIF study outlines 2013 trends, continued importance of flows for the Region In 2013, remittances to Central America and the Caribbean increased over the previous year while remittance flows to South America and Mexico declined, resulting in flat growth for the region as a whole, according to a new report from the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group.

Guatemala to strengthen fiscal management with IDB financing

Friday, August 31, 2012 - 03:00
The program will support reforms to generate more tax revenues and regulate national and municipal debt Guatemala will receive $237.2 million in financing from the Inter-American Development Bank (IDB) to consolidate fiscal management and sustainability by supporting reforms that will help increase tax revenues, strengthen tax administration, and regulate national and municipal debt.

IDB announces winners of its beyondBanking awards

Thursday, March 15, 2012 - 03:00
Participate in Twitter using #IDBmtg Institutions from Bolivia, Brazil, Guatemala, Mexico and Paraguay recognized for their contributions to sustainable banking MONTEVIDEO, Uruguay – The Inter-American Development Bank (IDB) today announced the winners of its beyondBanking awards, which recognize outstanding contributions by financial intermediaries to sustainable banking in Latin America and the Caribbean.

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.

Free Online Tool Empowers Senders of Remittances

Thursday, February 2, 2012 - 03:00
CEMLA, MIF/IDB and World Bank Launch enviacentroamerica.org To Make Costs and Conditions of Remittances More Transparent

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).