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

IDB Group and UK approve innovative £177 million financing program for sustainable infrastructure

Tuesday, November 14, 2017 - 06:09
Bonn, Germany— The Inter-American Development Bank Group, principally through its private-sector arm IDB Invest, and the Department for Business, Energy and Industrial Strategy of the UK (BEIS) announced today they are partnering to create the UK Sustainable Infrastructure Program (SIP).

IDB supports road infrastructure upgrades in Peru

Thursday, December 15, 2016 - 03:00
Improving the road linking Huánuco - La Unión - Huallanca will facilitate exports of products from Peru's Sierra and jungle The Inter-American Development Bank (IDB) has approved a $80 million loan to support upgrades, improvement and conservation of the Huánuco - La Unión - Huallanca road, which links productive areas of Peru's sierra and jungle with the country's main foreign trade hubs, including the port of Callao.

IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador

Saturday, October 15, 2016 - 03:00
Habitat, the main global conference on Housing and Sustainable Urban Development, is being held for the first time in Latin America The Inter-American Development Bank (IDB) will have a strong presence in the Habitat III Conference to be held in Quito, Ecuador, Oct. 17-20, 2016.

JICA and the IDB to Fund Energy and Infrastructure, Expanding their Co-financing Arrangement to $3 Billion

Saturday, April 9, 2016 - 03:00
Regional Program Will Triple Current Target and Extend Its Reach throughout the Americas NASSAU, Bahamas - Through a new agreement with the Inter-American Development Bank (IDB), the Japan International Cooperation Agency (JICA) will invest a total of $3 billion in Latin America and the Caribbean to support renewable energy and energy efficiency projects, as well as quality infrastructure projects related to energy savings.

Canada funds IDB Program for Better Natural Resource Management in the Americas

Thursday, March 31, 2016 - 03:00
CAN $ 20 million grant from Canada will improve transparency and sustainability in the extractive industries sector The Government of Canada has donated CAN$20 million to establish the Canadian Extractive Sector Facility (CANEF) at the Inter-American Development Bank (IDB). The Facility will support knowledge generation activities and technical assistance throughout Latin America and the Caribbean.

IDB announces finalists for the 2016 Infrastructure 360° Awards

Thursday, September 3, 2015 - 03:00
12 projects selected from 50 submissions from Latin America and Caribbean countries The Inter-American Development Bank (IDB) has announced the finalists for the 2016 Private Sector Infrastructure Sustainability Awards, or the Infrastructure 360° Awards, which identify, assess and reward sustainable infrastructure investments made by the private sector and public-private partnerships in the IDB's 26 borrowing member coun

IDB announces the winners of the 2014 IDEAS Energy Innovation Contest

Tuesday, April 7, 2015 - 03:00
The Inter-American Development Bank (IDB) announced the six winners of its IDEAS V 2014 Energy Innovation Contest, an initiative for improving energy efficiency and expanding access to renewable energy in Latin America and the Caribbean, following a selection process which considered a total of 282 proposals from all 26 of the IDB’s borrowing member countries.

Peru will receive $750 million from the IDB for the Lima Metro

Thursday, December 4, 2014 - 03:00
The Inter-American Development Bank (IDB) announced the approval of a package of loans for $750 million for the expansion of the Lima metro. The project will include the construction of 35 kilometers of tunnels under the metropolitan area of the Peruvian capital.

IDB loans to support wind power projects in Peru

Friday, September 26, 2014 - 03:00
Marcona and Tres Hermanas projects to add total of 132 MW of renewable capacity to national grid