Millennials have potential that Latin America and Caribbean must not squander, says study

November 22, 2018
Young people in Latin America and the Caribbean have weak cognitive skills but their socio-emotional abilities are strong, according to the study “Millennials in Latin America and the Caribbean: to work or to study?” The report, which is the result of research drawing on more than 15,000 people in nine countries, also found a high level of optimism and aspiration in this new generation of workers. Young people in Latin America and the Caribbean have great potential but it could end u

Multilateral banks reaffirm pledge to support resilient, sustainable infrastructure

October 13, 2018
IDB President Luis Alberto Moreno participates in the opening session BALI, Indonesia - The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable.

IDB report underscores social benefits of sports for development but warns against program design flaws

May 25, 2018
Latin American and Caribbean region lags in sports spending, activity levels Latin American and Caribbean region could get a development boost from sports activities that improve the region’s social and health benefits, provided the programs are properly designed and monitored, according to a report by the Inter-American Development Bank.

The IDB and Miami Dade College select eighteen startups from Latin America, the Caribbean and South Florida to participate in Demand Solutions Miami 2017

August 21, 2017
Miami Dade College (MDC) and the Inter-American Development Bank (IDB) will host Demand Solutions Miami on Thursday, Oct. 19, at the Wolfson Campus in Downtown Miami. Eighteen startups in design, fashion, gastronomy, music and multimedia have been selected to participate in a one-of-a-kind conference that will highlight innovation and entrepreneurship that improves lives.

Latin American and Caribbean exports increase for the first time in four years

May 22, 2017
A new report by the IDB estimates a year-on-year growth rate of 17 percent in the first quarter of 2017 After four consecutive years of contraction, Latin American and Caribbean exports returned to a path of growth. In the first quarter of 2017, the value of goods exports increased 17 percent year-on-year, having contracted 2.9 percent in 2016. The recovery was driven primarily by a rebound in commodity prices, according to an analysis conducted by the Inter-American Development Bank (IDB) using detailed data for 25 countries in the region.

The IIC supports the sugarcane industry in Brazil with a $50 million loan

April 17, 2017
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB), has completed the first disbursement of a $50 million revolving corporate loan to Sucres et Denrées S.A (Sucden) to support sustainable agricultural and industrial practices in the sugarcane sector in Brazil.

More than 800 business and government leaders discuss ambitious integration agenda to compete in global trade

March 31, 2017
IDB President and Paraguay’s Minister of Industry and Trade inaugurate the Business Forum at the Bank’s Annual Meeting ASUNCION, Paraguay – The Business Forum “Latin America: An Agenda for Growth and Development” opened today, with more than 800 business leaders and high-level government officials from 33 countries. The participants gathered to discuss Forum an ambitious integration agenda to help the region participate in international value chains and compete in global trade.

IIC joins efforts with Mind Lab to expand access to innovative educational methodologies in Brazil

February 01, 2017
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has signed a BRL 18 million loan with Mind Lab Brazil to increase access to innovative educational methodologies in public and private schools in Brazil. With the support of the IIC, the company expects to reach more than 160,000 additional students over the next six years, most of them living at the base of the economic pyramid.

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

December 06, 2016
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.

Committees of the Boards of Governors of IDB and IIC back advancing towards MIF replenishment

October 06, 2016
The Boards of Governors of the Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) met in Washington DC today to discuss a report on the strategic vision and future financing of the Multilateral Investment Fund (MIF). The IDB and IIC Governors requested the preparation of this report during their Annual Meeting held in March in The Bahamas. The Multilateral Investment Fund is an innovation lab for the IDB Group to promote development through the private sector in Latin America and the Caribbean.