IDB releases its 2010 Development Effectiveness Report

March 23, 2011
Report evaluates Bank’s efforts in measuring its development impact in Latin America and the Caribbean The Inter-American Development Bank (IDB) has made strides to boost transparency, accountability and enhance the development impact of its investments in Latin America and the Caribbean, according to the new edition of the IDB’s 2010 Development Effectiveness Overview.

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).

IDB’s President Moreno says greater integration with Asia is helping Latin American growth

November 18, 2010
Rising trade and investment with Asia has helped increase exports from Latin America and the Caribbean and the region’s contribution to the growth of the world economy, said Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), during his visit to India this week. Higher incomes in Asia, particularly India and China, are opening opportunities for the region’s goods and services, especially high-quality ones: from natural and unique grass fed beef, renowned wines, and specialized coffees to the high-quality services of architects and engineers, Moreno said.

More trade and cooperation needed between India and Latin America, study says

November 16, 2010
NEW DELHI – India and Latin American and the Caribbean can mutually benefit from closer trade ties and must work together to reduce trade costs and eliminate barriers, according to a study presented during an event today organized by the Global Development Network (GDN), the National Council for Applied Economic Research (NCAER) and the Inter-American Development Bank (IDB).

IIC receives strong financial support from IDB

November 02, 2010
On October 28, 2010, the Inter-American Investment Corporation (IIC) and the Inter-American Development Bank (IDB) signed an amendment to the lending operation whereby the IIC was granted special pricing and the extension to the disbursement period of the $300 million Multisector Credit Program until November 20, 2015, was officially disclosed. The IIC has used $100 million under the facility, which was approved in 1996. Amounts used under the facility mature 15 years after disbursement.

IDB welcomes CMBC to its Trade Finance Facilitation Program - TFFP

October 21, 2010
CHENGDU, China – The Inter-American Development Bank (IDB) announced today the incorporation of China Minscheng Banking Corporation (CMBC) as a Confirming Bank into the IDB Trade Finance Facilitation Program (TFFP). The signing took place during the China-LAC Business Summit, held in Chengdu, China, on October 21st and 22nd, 2010.

IDB and CCPIT strengthen ties of cooperation

October 21, 2010
CHENGDU, China – The President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, and the Chairman of the China Council for the Promotion of International Trade (CCPIT), Wan Jifei, today signed a memorandum of understanding to work together to promote initiatives to benefit the IDB borrowing member countries in Latin America and the Caribbean.

Microfinance lending in Latin America and the Caribbean rose 13 percent in 2009

October 08, 2010
MONTEVIDEO, Uruguay – Lending by microfinance institutions in Latin America and the Caribbean grew at a slower pace in 2009, following an economic slowdown triggered by the global financial crisis and changes in the business environment.

Foromic wraps up with microfinance industry looking to increase transparency

October 08, 2010
MONTEVIDEO, Uruguay – Two years after the global financial crisis, the microfinance industry in Latin America and the Caribbean is still posting substantial rates of growth and has implemented reforms to strengthen its institutions, processes and its relationship with customers.   During the 13th Microenterprise Forum (Foromic 2010), the biggest gathering of microfinance institutions in Latin America and the Caribbean, which ended here today, key industry players shared their experiences and debat

IDB promotes transparency, social responsibility in microfinance

October 06, 2010
MONTEVIDEO, Uruguay – The Latin American and Caribbean microfinance industry, which continued growing despite the global economic crisis, will have to work hard to ensure transparency in its operations and its clients’ welfare, Inter-American Development Bank President Luis Alberto Moreno said today. Moreno and Uruguayan President Jose Alberto Mujica opened the 13th Inter-American Forum on Microenterprise (Foromic 2010), which is taking place here until Friday.