Ilan Goldfajn Elected IDB President

November 20, 2022
(Updated to add the starting date) Ilan Goldfajn was elected president of the Inter-American Development Bank (IDB) today during a Special Meeting of the Bank’s Board of Governors. The meeting was held at IDB Headquarters in Washington, D.C., with delegations attending virtually and in person. Nominated by Brazil, Goldfajn will take office for a five-year term on December 19, 2022.  
2022-11-20

Suriname to Strengthen Fiscal Sustainability, Growth with $150 Million IDB Budget Support

November 18, 2022
Suriname will strengthen its fiscal sustainability and foster economic growth with the budget support of $150 million from the Inter-American Development Bank (IDB). The funds will help the government to overhaul the tax collection system, boost public spending oversight and efficiency, improve fiscal planning and management, and strengthen the oversight of state-owned enterprises.
2022-11-18

IDB Study Identifies High-Performing Programs for Digitalizing Public Services

November 09, 2022
A new study identifies high-performing programs that governments in Latin America and the Caribbean can leverage to digitalize public services with a staggering return on investment.
2022-11-09

Brazilian Municipality of Recife to Boost Fiscal Sustainability with IDB Support

November 08, 2022
The Inter-American Development Bank (IDB) approved a $104 million loan to bolster the efforts of the municipality of Recife, in northeastern Brazil, to achieve fiscal sustainability through increased tax collection, better budget and financial management, and more efficient spending. The operation is structured as a policy-based loan, the first ever granted to a Brazilian municipality, reflecting the close collaboration between IDB and the Brazilian government to strengthen subnational fiscal management.
2022-11-08

State of São Paulo to Boost Sustainability of Municipalities and MSMEs with IDB Loan

October 28, 2022
The Inter-American Development Bank (IBD) approved a $110 million loan to the Desenvolve São Paulo development agency in Brazil to finance the sustainable projects of municipalities and micro, small, and medium-sized enterprises (MSMEs) in the state of São Paulo. The operation aims to helps close infrastructure financing gaps and stimulate a sustainable economic recovery that in the country.
2022-10-28

IDB and UPU Unite to Modernize Postal Services in Latin America and the Caribbean

August 23, 2022
The Inter-American Development Bank (IDB) and the Universal Postal Union (UPU) signed an agreement to modernize and transform postal services in Latin America and the Caribbean, aiming to promote regional integration and trade, strengthen value chains and foster the digital economy.
2022-08-23

IDB Report: Better Access to Financing for Firms Could Drive Growth and Jobs in Caribbean

August 08, 2022
A new report from the Inter-American Development Bank (IDB) and IDB Invest recommends Caribbean countries focus on overcoming obstacles to financial access and inclusion for businesses, because having more developed and inclusive financial systems could increase growth and reduce poverty and income inequality.
2022-08-08

Barbados to Promote Environmental Sustainability with Innovative IDB Solution

August 04, 2022
Barbados will promote environmental sustainability and economic development with a US$100 million guarantee approved by the Inter-American Development Bank (IDB) that will allow the country to create a long-term instrument to finance measures related to sustainability and marine conservation.
2022-08-04

IDB Enables Brazil's Immense Investment Opportunities, Approves Infrastructure Credit

June 15, 2022
On the final day of the Brazil Investment Forum (BIF), Latin America's largest foreign-investment event, IDB President Mauricio Claver-Carone reinforced the institution's commitment to enabling vital foreign direct investment and public-private partnerships for the country's sustainable and inclusive development, while announcing the approval of a $150 million infrastructure loan.
2022-06-15