IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1bn of investments

Thursday, August 9, 2018 - 10:23
Backed by 26 Caribbean governments and the private sector, the Accelerator will fast-track investments which support climate action and economic growth    The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.

Mexico to increase geothermal energy generation with IDB support

Monday, August 6, 2018 - 11:21
US$108.6 million loan will help diversify the country’s energy matrix and reduce its dependence on fossil fuels The Inter-American Development Bank (IDB) has approved a modification of a loan totaling US$108.6 million that aims to increase private investment in electricity generation projects from geothermal sources, putting at the developers’ disposal a number of financial mechanisms tailored to meet the specific needs of each project at every step of their development.

Tax, labor and social policies curtailing economic growth in Mexico, IDB study finds

Monday, July 16, 2018 - 16:24
Reforms of Mexico’s tax, labor and social insurance policies are essential to accelerate economic growth and increase social inclusion, a study by the Inter-American Development Bank shows.

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.

IDB salutes Central American nations’ progress towards forming a Regional Electricity Market

Wednesday, April 18, 2018 - 23:57
The Inter-American Development Bank (IDB) yesterday hosted a meeting of Energy Ministers and senior regional regulatory agency officials from the Regional Electricity Market (MER) comprising Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama, along with representatives from the U.S. State Department and the Government of Mexico.

Renowned Mexican artists join campaign to transform Latin America and the Caribbean into a world-class creative hub

Thursday, February 22, 2018 - 12:24
The IDB presents the Orange Region Campaign, which promotes the creation of a region-wide network of creative talents Mexico City- Celebrated Mexican creatives and artists such as Alberto Ruy Sánchez, Aleks Syntek, Ana María Olabuenaga, Eugenia León, Guadalupe Pineda, Yvonne Domenge, María Barracuda, Mario Lavista, Sandra Pani, and Sara Galindo have joined the Orange Region, an endeavor led by the Inter-American Development Bank (IDB) to develop a network of talents capable of turning Latin America and the Caribbean into a

IDB Invest launches its largest bond in Mexican capital markets

Thursday, February 15, 2018 - 10:36
IDB Invest has issued a new MXN 1,500 million (USD $81 million equivalent) 3-year bond in the Mexican capital markets. This is IDB Invest’s fourth and largest bond issuance in Mexico to date, as well as the first one since reorganizing its private sector operations as IDB Invest.

Mexican Government and IDB to invest $13.7 million to improve climate change mitigation and adaptation abilities in three cities

Wednesday, December 6, 2017 - 19:00
The funds, from a Global Environmental Facility grant, will be earmarked for cities participating in the Emerging and Sustainable Cities program  As part of the Global Environmental Facility’s (GEF) Sustainable Cities Pilot project, the Government of Mexico, assisted by the Inter-American Development Bank (IDB) in its capacity as a GEF implementing agency, will receive a $13.7 million grant that will be invested in actions to improve solid waste, clean energy production, and sanitation management in the

IDB presents study that identifies opportunities for Mexican trade diversification

Monday, December 4, 2017 - 03:12
MEXICO CITY, Mexico – Mexico should take full advantage of its large network of free trade agreements to diversify its overseas sales and reduce its heavy dependence on the North American market, according to a new study whose conclusions were released today.