IDB highlights strengths of Central America in the face of external economic challenges

Wednesday, April 3, 2019 - 15:14
Two new studies on the region examine the current economic landscape and the work that the IDB Group has carried out over the last year. The economy of Central America and the Dominican Republic has continued to grow over the past year, although at significantly different rates depending on the country. For 2018, growth is estimated at 3.8 percent, a level similar to that of 2017, thanks to a robust economic performance by the region´s main trading partner, the United States.

Latin America and the Caribbean: Public revenues rebound in 2017 after dip in 2016

Monday, March 25, 2019 - 18:12
SANTIAGO, Chile – The average tax-to-GDP ratio in Latin America and the Caribbean (LAC) rose to 22.8% in 2017, a gain of 0.2 percentage points from 2016, according to Revenue Statistics in Latin America and the Caribbean 2019.

IDB launches cartoon and illustration contest on the future of work

Monday, February 25, 2019 - 21:33
The competition seeks the most creative cartoonists and illustrators in Latin America and the Caribbean; entries accepted through March 31, 2019 The Inter-American Development Bank (IDB) announces the launching of its third edition of the Cartoon and Illustration Contest under the theme The Future of Work.

Standard & Poor’s affirms IDB’s AAA/A-1+ ratings and upgrades SACP to ‘aaa’ from ‘aa+”

Monday, February 25, 2019 - 17:51
Standard & Poor’s has affirmed the Inter-American Development Bank’s ‘AAA’ long-term and ‘A-1+’ short-term issuer credit rating with a stable outlook. Also, following a review under the revised criteria for multilateral lending institutions, the IDB’s stand-alone credit profile was upgraded from ‘aa+’ to ‘aaa’, due to its extremely strong enterprise risk profile and very strong financial risk profile.

Quality expenditure and digitalization, priorities for Central America, Dominican Republic

Friday, February 15, 2019 - 23:41
The IDB brings regional Governors to its Washington, D.C. headquarters to consider policy options to speed up growth and reduce poverty The Governors of the Inter-American Development Bank’s (IDB), Central American Isthmus and the Dominican Republic held their 33rd Annual Meeting to discuss options to achieve higher growth rates and foster productive activities in the years to come. The region grew 3.8 percent in 2018, way above the 1.1 percent average for Latin America and the Caribbean as a whole. In addition, it is expected to grow 4.2 percent in 2019.

Colombia issues first energy savings insurance policies

Wednesday, February 13, 2019 - 17:08
SMALL AND MEDIUM ENTERPRISES ACCESS TO POLICIES TO GUARANTEE ENERGY SAVING IN INVESTMENT PROJECTS FOR MORE EFFICIENT TECHNOLOGIES With the support of the Inter-American Development Bank, and in collaboration with BANCOLDEX, Colombia has become the first country in Latin America and the Caribbean to issue energy saving policies under the Energy Savings Insurance Program (ESI) in benefit of five small and medium-si

Eric Parrado appointed as new chief economist for the IDB

Wednesday, January 23, 2019 - 16:01
The Inter-American Development Bank announced today that starting March 1 Eric Parrado Herrera will take over as the new chief economist and general manager of the IDB’s Research Department. A Chilean national, Parrado is Professor of Economics and Finance at the ESE Business School of Universidad de los Andes in Santiago, Chile, and visiting professor at the University of Oxford and the Central European University. 

Latin American and Caribbean exports rise but at a slower rate

Thursday, January 10, 2019 - 12:13
Exports from Latin America and the Caribbean hit their highest level in six years thanks to a 9.9 percent increase in 2018, albeit amid growing downside risks in the future, according to a new report by the Inter-American Development Bank. The region exported $1.08 trillion last year. While this is the highest level since record exports in 2012, the rise fell short of the 12.2 percent growth rate for 2017. The region’s performance also lagged a worldwide trade increase of 11.6 percent for the Jan-Sept period (compared to the same period the previous year).

Citizen Security Week in Chile will address the use of technology against crime

Monday, November 26, 2018 - 17:28
The IDB, the Government of Chile and countries of the region will discuss in Santiago, Chile, digital innovations and their application in the value chain in citizen security and justice The Inter-American Development Bank (IDB) and the Ministry of the Interior and Public Security of Chile will hold the Tenth Citizen Security Week, in Chile from November 26 to 30, 2018. It is the largest regional event dedicated to security and criminal justice issues in Latin America and the Caribbean.

Declining Export Competitiveness: Latin America Urgently Needs a Quality Leap

Wednesday, November 14, 2018 - 15:28
BUENOS AIRES—In the first quarter of 2018, the value of exports from Latin America and the Caribbean grew at a year-on-year rate of 9.7 percent in comparison with the same period in 2017, according to a new report from the Inter-American Development Bank (IDB). However, this growth has come amid signs that the region is becoming less competitive amid rising economic risks and global trade tensions.