Ecuador will strengthen fiscal stability with IDB support

August 28, 2019
Ecuador will strengthen its fiscal stability framework by optimizing the ownership of public companies of the executive function with a loan of $75 million approved by the Inter-American Development Bank (IDB). This reform program aims to recalibrate the country's growth engines, acting as a catalyst for private sector development and improving the competitiveness of the economy for all its citizens.

IDB highlights strengths of Central America in the face of external economic challenges

April 03, 2019
Two new studies on the region examine the current economic landscape and the work that the IDB Group has carried out over the last year. The economy of Central America and the Dominican Republic has continued to grow over the past year, although at significantly different rates depending on the country. For 2018, growth is estimated at 3.8 percent, a level similar to that of 2017, thanks to a robust economic performance by the region´s main trading partner, the United States.

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. 

Latin American and Caribbean exports rise but at a slower rate

January 10, 2019
Exports from Latin America and the Caribbean hit their highest level in six years thanks to a 9.9 percent increase in 2018, albeit amid growing downside risks in the future, according to a new report by the Inter-American Development Bank. The region exported $1.08 trillion last year. While this is the highest level since record exports in 2012, the rise fell short of the 12.2 percent growth rate for 2017. The region’s performance also lagged a worldwide trade increase of 11.6 percent for the Jan-Sept period (compared to the same period the previous year).

Internet of things to improve productivity and sustainability of trout aquaculture in Peru

December 14, 2018
A US$2 MILLION PROJECT WILL IMPROVE AQUACULTURE PRODUCERS' PRODUCTIVITY AND INCOME IN LAKE TITICACA IN PERU WHILE IMPROVING ITS SUSTAINABILITY IDB Lab, the Inter-American Development Bank (IDB) Group’s innovation laboratory, approved over US$2 million funding to support a project that will allow local small and medium-scale aquaculture producers in Lake Titicaca (Peru) to incorporate the benefits of Internet of Things (IoT) in trout farming.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

September 24, 2018
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

Colombia to promote environmental and socio-economic sustainability with IDB assistance

December 04, 2017
A $100 million loan will help improve management of natural capital and production opportunities in 170 municipalities Colombia will promote environmental and socio-economic sustainability in 170 municipalities affected by the country’s recently-ended conflict with help from a $100 million loan approved by the Inter-American Development Bank (IDB).

More than 3,000 business meetings held at LAC Flavors Argentina 2017

November 07, 2017
Buenos Aires, Argentina- More than 560 food exporting companies from Latin America and the Caribbean (LAC) met with 120 international buyers from five continents at LAC Flavors 2017, where they closed transactions valued at a projected amount of $152 million, according to preliminary data from the Inter-American Development Bank (IDB).

Peru to expand access to financing for small producers at the base of the pyramid

January 22, 2016
IDB loan to Cooperativa Abaco will focus on the country’s agricultural sector The Inter-American Development Bank (IDB) has approved a loan of $5 million to Cooperativa Abaco, whose program Abaco Rural-Cadenas offers financing based on the productive cycles of small rural producers who are organized in associations based on their value chains.

Peru to improve rural land registration and titling with an IDB loan

December 04, 2014
A $40 million loan will encourage land-related investment and increase agriculture productivity in Andean Peru will improve its rural land registration and titling to encourage land-related investment and agriculture productivity with financing from a $40 million loan from the Inter-American Development Bank (IDB).