Artificial intelligence to boost Latin American and Caribbean economies: IDB study

Wednesday, August 29, 2018 - 11:43
Study also urges governments to anticipate consequences of artificial intelligence in labor markets BUENOS AIRES – Artificial intelligence can facilitate trade negotiations and add one additional percentage point of growth to Latin American and the Caribbean economies, according to a study by the Inter-American Development Bank (IDB).

IDB Announces Settlement in Connection with Prohibited Practices

Tuesday, August 21, 2018 - 10:18
The Inter-American Development Bank (IDB) today announced the debarment of GL Systems LLC (“GL Systems”), an American company, for four years in connection with allegations of prohibited practices in three IDB-financed activities: (i) the Program for the Modernization of Customs, Excise and VAT Areas in Barbados, (ii) the Barbados Competitiveness Program, and (iii) an IDB corporate procurement contract.

IDB supports Colombia’s efforts to fight and prevent corruption

Monday, December 11, 2017 - 19:00
Colombia will strengthen public surveillance and promote its institutions’ transparency and integration by boosting up the effectiveness of the Public Prosecutor's Office (PGN, after its Spanish initials) with help from a $40 million loan from the Inter-American Development Bank (IDB).

IDB supports Ecuador in rebuilding electricity infrastructure damaged by earthquake

Wednesday, January 25, 2017 - 03:00
The Inter-American Development Bank (IDB) will help Ecuador with a $60 million loan to rebuild electrical infrastructure in areas hit by an earthquake last April, through the incorporation of quake-resistant features in the provinces of Esmeraldas, Manabí and Santo Domingo. The specific goals of the project are to restore the supply of electricity through the sub-transmission systems of the utility companies affected by the quake and facilitate reliable supply of electricity to final users through the implementation of electrical distribution projects.

IDB supports justice reform in Guatemala to fight impunity

Wednesday, December 7, 2016 - 03:00
A $60 million loan requested by the government of Guatemala and approved by the Inter-American Development Bank (IDB) will help the Attorney General's office fight impunity.

Chile launches first “Gender Parity Initiative” with Inter-American Development Bank and World Economic Forum support

Tuesday, December 6, 2016 - 03:00
First country in the region to announce a public-private partnership with concrete steps to close the economic gender gap President Michelle Bachelet today launched Chile’s first Gender Parity Initiative. Promoted by the Inter-American Development Bank (IDB) and the World Economic Forum (WEF), this initiative will be the first in the world to include concrete actions for both the public and private sectors.

IDB supports economic diversification, foreign trade in Guyana

Wednesday, November 30, 2016 - 03:00
US$9 million loan will help implement a national strategy for exports and investments promotion Guyana will improve its public infrastructure and promote economic diversification and foreign trade with a US$9 million Inter-American Development Bank loan that will help strengthen the economy and stimulate exports and investments.

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.

The Bahamas will improve skills-based training programs to boost employment and productivity with assistance from the IDB

Wednesday, November 2, 2016 - 03:00
Program aims to increase the job prospects of unemployed youth and adults, and provide companies with skilled Bahamian workers  The Inter-American Development Bank (IDB) and the Government of the Bahamas are partnering in a new jobs initiative to increase workplace skills and improve employability among young people and adults who have had difficulty finding work.

IDB celebrated the third Venture Night featuring 12 startups from Latin America and the Caribbean

Monday, October 10, 2016 - 03:00
A Colombian startup that teaches teenagers and children how to code won the top prize Demand Solutions Ideas for Improving Lives- the most important innovation event of the Inter-American Development Bank- closed with a Venture Night where 12 startups from Brazil, Chile, Colombia, Guatemala, Jamaica, and Mexico participated.