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.

Finance ministers discuss deeper regional integration to stimulate growth and development in LAC

October 05, 2016
Latin America and the Caribbean is urged to implement a bold integration agenda Finance ministers of the Americas and the Caribbean, and the heads of the Inter-American Development Bank, International Monetary Fund, the World Bank and the U.S. Department of Treasury met today at the IDB to discuss policy options for relaunching regional integration to stimulate growth and contribute to long-term development in the region.

Inter-American Development Bank / World Bank / Caribbean Development Bank joint press release on International Monetary Fund staff-level agreement with Suriname

April 15, 2016
The Government of Suriname and the International Monetary Fund (IMF) have agreed on the key elements of an economic program that would be supported by a Stand-By Arrangement (SBA). A reform agenda was put forward by the Surinamese authorities to stabilize Suriname’s economy and to set the stage for its recovery.

IDB supports energy efficiency green bonds

November 24, 2015
Financing package of up to $450 million to underwrite energy efficiency projects will also receive funding from Green Climate Fund The Inter-American Development Bank (IDB) has approved financing to establish a regional Energy Efficiency Green Bond Facility. The program was selected to receive up to $217 million in additional funding as one of eight projects worldwide in the first round of allocations announced by the Green Climate Fund (GCF) on November 6.

Remittance Flows Up in Central America and Caribbean, Down in Mexico and South America

June 10, 2014
MIF study outlines 2013 trends, continued importance of flows for the Region In 2013, remittances to Central America and the Caribbean increased over the previous year while remittance flows to South America and Mexico declined, resulting in flat growth for the region as a whole, according to a new report from the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group.

Guatemala to strengthen fiscal management with IDB financing

August 31, 2012
The program will support reforms to generate more tax revenues and regulate national and municipal debt Guatemala will receive $237.2 million in financing from the Inter-American Development Bank (IDB) to consolidate fiscal management and sustainability by supporting reforms that will help increase tax revenues, strengthen tax administration, and regulate national and municipal debt.

IDB approves US$60 million loan to Jamaica for public financial and performance management program

April 07, 2011
The Inter-American Development Bank (IDB) announced the approval of a US$60 million loan, the third tranche of financing for a public financial and performance management program in Jamaica. With this last operation, IDB resources for this program total US$180 million.

Report: weak dollar, inflation blunting purchasing power of remittances

March 14, 2011
After stabilizing in 2010, money transfers to Latin America and the Caribbean are poised to rise this year, according to the MIF Remittances to Latin America and the Caribbean are likely to rise this year after stabilizing during 2010, although a weaker dollar and higher inflation are reducing their purchasing power in many countries, according to the Inter-American Development Bank’s Multilateral Investment Fund (MIF).

IDB boosts support for small and medium-size infrastructure investments in Latin America

December 23, 2010
The Inter-American Development Bank (IDB) will boost its support for small and medium-size infrastructure investments in Latin America and the Caribbean by providing as much as $60 million in new financing for Corporación Interamericana para el Financiamiento de Infraestructura S.A. (CIFI).

Jamaica, IDB sign second US$200 million loan for fiscal policy reform

December 17, 2010
The Hon. Audley Shaw, Minister of Finance and Public Service of Jamaica, and Inter-American Development Bank President Luis Alberto Moreno signed on December 15 a US$200 million loan, consisting of the second IDB financing for the country’s fiscal consolidation program.