Italy to contribute to IDB Transparency Fund

Wednesday, January 24, 2018 - 13:47
Italy is joining Norway, Canada and MasterCard as a partner and contributor to the Inter-American Development Bank’s Transparency Fund , a vital tool to help countries strengthen their anti-corruption and pro-transparency reforms. The government of Italy has donated €1 million. 

Brazilian states will boost tax revenues, improve competitiveness with PROFISCO II

Monday, December 11, 2017 - 19:00
IDB approves $900 million conditional credit line for the PROFISCO II program Ceará will be the first Brazilian state to benefit, with $70 million loan The Inter-American Development Bank (IDB) has approved a $900 million credit line to support Brazilian states’ efforts to modernize their fiscal management and improve tax administration and public spending management.

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 warns of difficult global trading environment, calls for pragmatic trade integration in Latin America and Caribbean

Sunday, April 2, 2017 - 03:00
ASUNCION, Paraguay - Latin America and the Caribbean needs to move aggressively towards a more integrated regional trade area to boost exports, protect from increasingly difficult global trading environment, and spur firms to become more productive and join global supply chains, a report by the Inter-American Development Bank (IDB) says.

Latin America and the Caribbean: Tax revenues continue to rise despite low economic growth

Thursday, March 23, 2017 - 03:00
IDB, OECD, CIAT and ECLAC release annual report "Revenue Statistics in Latin America and the Caribbean" Tax revenues in Latin America and the Caribbean (LAC) countries continued to increase in 2015, according to new data from the annual Revenue Statistics in Latin America and the Caribbean publication. The average tax-to-GDP ratio for LAC countries reached 22.8 percent of GDP in 2015, up from 22.2 percent in 2014.

Banco Cooperativo Sicredi supports small rural farmers in Brazil with IIC financing

Tuesday, December 13, 2016 - 03:00
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group,has joined efforts with Banco Cooperativo Sicredi S.A to provide rural credit for Brazilian smallholder farmers and finance their low carbon agriculture practices. Through an A Loan of the equivalent in Brazilian Reais of US$50 million, the IIC will support an institution strategically committed to financial inclusion in rural areas, increasing food security and benefiting the environment by promoting the use of low carbon technologies.

Latin American and Caribbean exports will contract around 50 billion dollars in 2016

Monday, December 12, 2016 - 03:00
A new report by the IDB points to a lower rate of export contraction due to the stabilization of commodity prices Latin American and Caribbean exports are expected to fall approximately $50 billion, or 6 percent, in 2016, a lower contraction rate than the 15 percent observed in 2015. This relative improvement was mainly due to a rebound of commodity prices, according to a report conducted by the Inter-American Development Bank (IDB) using detailed data for 24 countries in the region. The value of total exports should reach $850 billion in 2016.

Better management of tight budgets could help Latin American and Caribbean governments to raise living standards - OECD/IDB

Tuesday, December 6, 2016 - 03:00
SANTIAGO, Chile – Governments in Latin America will need to improve public sector management and capacity – including budget allocation – to compensate for the pressure on public finances from sliding commodity prices, according to a new report by the OECD and Inter-American Development Bank covering more than 15 countries in the region.

Better governance and greater integration to determine fate of Latin America and the Caribbean in 2030

Thursday, December 1, 2016 - 03:00
New Atlantic Council report commissioned by IDB offers contrasting scenarios for crime, democracy, trade and economic growth The Atlantic Council today released "Latin America and the Caribbean 2030: Future Scenarios," a report commissioned by the Inter-American Development Bank (IDB) that looks at how the region's countries could evolve over the next 14 years, underscoring how more integration and better governance hold the key to greater prosperity.

The trade slowdown in Latin America and the Caribbean is more intense than in the rest of the world

Thursday, November 17, 2016 - 03:00
South American and Caribbean countries were the most affected. Following two years in a downward trajectory, the value of Latin American exports fell 14.8 percent in 2015, and 8.5 percent in the first seven months of 2016, according to the Trade and Integration Monitor 2016 of the Inter-American Development Bank.