Guatemala to improve and rehabilitate the national road network with IDB support

Thursday, February 7, 2019 - 09:54
A US$150 MILLION OPERATION WILL CONTRIBUTE TO INCREASE PRODUCTIVITY THROUGH THE IMPROVEMENT OF THE COUNTRY’S ROADS The Inter-American Development Bank approved a US$150 million operation to Guatemala to implement an ambitious improvement and rehabilitation program of the roads connecting productive areas and departmental capitals to the main networks.

Uruguay to improve living conditions in squatter settlements with support from IDB

Wednesday, October 31, 2018 - 21:32
Third program in a line of credit for investment projects will promote urban integration and the restoration of abandoned buildings in the old quarter of Montevideo The Inter-American Development Bank has approved a $70 million credit for Uruguay that will finance a multi-pronged program to improve living conditions for people residing in squatter camps and rundown urban areas.

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

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.

IDB Group and Civil Society discuss sustainable development challenges in Latin America and the Caribbean

Tuesday, November 7, 2017 - 19:00
More than 500 civil society representatives from 26 nations and international experts share knowledge on innovation from the perspective of future jobs, intelligent cities, the digital economy and social innovation SANTA CRUZ, Bolivia – More than 500 representatives from Latin American and Caribbean Civil Societies organizations met in Santa Cruz, Bolivia, with senior Inter-American Development Bank (IDB) officials to discuss ways to put innovation at the service of sustainable development.

IDB promotes Mesoamerica’s transportation, logistics and integration agenda

Wednesday, August 9, 2017 - 03:00
IDB to finance specialized studies as well as investment and action plans for regional initiatives, with particular emphasis on the Pacific Corridor

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.

IDB Group pledges $750 million for key infrastructure projects in the Northern Triangle

Wednesday, June 14, 2017 - 18:49
Combined resources from the IDB Group, private investors and the governments of El Salvador, Guatemala and Honduras would finance projects in energy, transportation, water, tourism The Inter-American Development Bank and the governments of El Salvador, Guatemala and Honduras today announced an initiative to unleash an unprecedented series of infrastructure investments as a complement to funding already being provided under the Plan of the Alliance for the Prosperity of the Northern Triangle.

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.