July 15, 2020
The Inter-American Development Bank has partnered with The Bahamas for a new oil hedging instrument to protect government budget and better manage financial risks in uncertain times. The agreement will secure an affordable crude oil coverage solution during times of low prices for the government’s Bahamas Power and Light electricity company. This is the first time the IDB and Bahamas are using such an instrument. It will better position the country against abrupt oil price movements and offers protection against increases in electricity costs over the next 18 months.
July 07, 2020
The Smarter Crowdsourcing initiative brings together a network of public leaders and global experts to address the challenges of managing a pandemic in Latin America and the Caribbean. Brooklyn, NY – The Inter-American Development Bank (IDB) together with The Governance Lab (The GovLab) at New York University Tandon School of Engineering, today launched “Smarter Crowdsourcing in the Age of Coronavirus.” This rapid policy advising initiative convenes pu
June 09, 2020
IDB loan supports the country's efforts to address health impacts and protect the income of vulnerable households in the face of the crisis, and will promote post-pandemic economic recovery The Inter-American Development Bank (IDB) approved a budget support loan to El Salvador of $250 million to strengthen the efficiency and effectiveness of public policy and fiscal management to address the health and economic crisis caused by COVID-19.
May 28, 2020
A budget support loan of $250 million will help finance the country's efforts to tackle the health and economic effects of the COVID-19 pandemic The Inter-American Development Bank (IDB) approved a loan of $250 million for El Salvador, under the Special Financing for Development modality, which will be used to finance measures to contain the health crisis, mitigate its impact on vulnerable households, and promoting countercyclical policies that reduc
May 07, 2020
Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis.
April 16, 2020
Funds will increase capacity of national healthcare system, with focus on hard-hit Guayas province The Inter-American Development Bank (IDB) has disbursed approximately $25.3 million to the government of Ecuador to strengthen its healthcare services and help meet the medical needs of individuals affected by COVID-19, the disease caused by the novel coronavirus. The funds will be used primarily to prepare intensive-care-unit beds in 28 hospitals and provide protective gear for medical staff in Guayas province.
March 26, 2020
The Group will finance a response to the public health emergency; safety nets for vulnerable populations; economic productivity and employment; and fiscal policies to ameliorate economic impacts. The Inter-American Development Bank and IDB Invest have outlined their focus for deploying the financial and technical resources made available to borrowing member countries and companies to address the crisis created by COVID-19, the disease caused by the coronavirus.
March 18, 2020
Latin America and the Caribbean (LAC) need to strengthen governance and integrity mechanisms to improve the quality and implementation of public policies, reduce corruption and increase public trust in government, according to the third edition of Government at a Glance: Latin America and the Caribbean 2020.
February 20, 2020
The 34th meeting of governors of Central American and the Dominican Republic, to be held in El Salvador, will debate the region's new development challenges and how to address them Governors of Inter-American Development Bank member countries from Central America and the Dominican Republic will gather February 21-22 in San Salvador, the capital of El Salvador, for their 34th annual meeting to address the challenges that the region faces in this new decade.
January 29, 2020
The financing of $20 million will benefit more than 2,000 micro and small businesses, especially those located in municipalities with high marginalization or owned or led by women El Salvador will boost the economic activity of micro and small businesses (MSEs) with the support of a $20 million financing approved by the Inter-American Development Bank (IDB) that will provide access to credit under better term conditions.