Eric Parrado appointed as new chief economist for the IDB

January 23, 2019
The Inter-American Development Bank announced today that starting March 1 Eric Parrado Herrera will take over as the new chief economist and general manager of the IDB’s Research Department. A Chilean national, Parrado is Professor of Economics and Finance at the ESE Business School of Universidad de los Andes in Santiago, Chile, and visiting professor at the University of Oxford and the Central European University. 

IDB bolsters Barbados’ macroeconomic emergency program

November 06, 2018
THE $100 MILLION LOAN IS INTENDED TO SUPPORT RESTORING BARBADOS’ ECONOMIC STABILITY, PROMOTE GROWTH, AND IMPLEMENT REFORMS Relying upon a $100 million loan from the Inter-American Development Bank (IDB), the Government of Barbados seeks to regain macroeconomic stability, implement fiscal adjustment measures that foster a sustainable fiscal balance in the short and medium term, and protect social spending programs for the most vulnerable Barbadians.

IDB Board of Governors receives General Capital Increase document for formal vote

May 21, 2010
The Board of Governors of the Inter-American Development Bank, which oversees the Bank’s operations in representation of the 48 member countries, on Friday received a Report that sets up a formal vote for the Bank’s Ninth General Capital Increase.

IDB sees turning point in remittances to Latin America and the Caribbean

May 06, 2010
MEXICO CITY – Remittances to Latin America and the Caribbean are showing signs of stabilizing and could register a single-digit increase this year, following last year’s sharp drop due to the global economic crisis, Inter-American Development Bank President Luis Alberto Moreno said today.  

Canadian contribution increases IDB authorized capital to $105 billion

August 21, 2009
Canada has subscribed to additional callable capital stock in the Inter-American Development Bank, increasing the IDB’s authorized ordinary capital stock to a total of US$104,980,029,842.72, effective August 17, 2009. The IDB is the leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The callable capital is the portion of the Bank’s capital base committed but not paid in by its member countries. The paid-in portion remains unchanged at US$4.34 billion.

IDB’s Board Approves Temporary Increase in Canada’s Callable Capital

August 06, 2009
The Board of Governors of the Inter-American Development Bank (IDB) approved yesterday a decision by Canada to temporarily increase its callable capital at the Bank, a measure that will allow the biggest multilateral lender for Latin America and the Caribbean to increase its financial support for the region in the short-term.

Juscelino Kubitschek Award receives nominations from 144 institutions

April 20, 2009
The first Juscelino Kubitschek Award, created by the Inter-American Development Bank (IDB) to recognize institutions that have made a significant contribution to social and economic development in Latin America and the Caribbean, has drawn nominations from 144 organizations in the Americas and Europe.

IDB Annual Meeting concludes with countries vowing action on crisis

March 31, 2009
Governments approve kicking off process to review IDB capital levels. Seminars, dialogues, exhibitions and debates mark IDB’s 50-year anniversary.MEDELLÍN, Colombia – For nearly a week ending today, this picturesque and thriving city transformed itself into the economic epicenter of Latin America and the Caribbean.

IDB Annual Meeting agenda highlights - March 30

March 30, 2009
Second and last day of official sessions of the Annual Meeting of the Board of Governors of the Inter-American Development Bank, at the Plaza Mayor Convention Center. Representatives of the 48 member-countries are discussing during the two-day meeting the economic situation of Latin America and the Caribbean and ways the IDB can increase support to the region. In the evening, after the closing session, a socio-cultural event with artist Carlinhos Brown will take place at the Metropolitan Theater. 9:00 a.m. - 1:00 p.m.

IDB to start reviews for capital increases, boosting financing in short-term

March 30, 2009
MEDELLÍN, Colombia – The Board of Governors of the Inter-American Development Bank (IDB) today instructed the Bank’s management to “start immediately” to review the need for an increase in its ordinary capital, which currently stands at $101 billion, and a replenishment of its concessional lending window, the Fund for Special Operations.