IDB Group launches Open Innovation Challenge to reduce plastic use

September 26, 2019
Washington, D.C. — The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD.

IDB launches Superheroes of Development contest to recognize executing agencies

March 04, 2019
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

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.

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.

Brazilian state of Alagoas to develop tourism and encourage fiscal sustainability and investment with support from IDB

November 14, 2013
Loan of $250 million will also contribute to increasing access to water, sanitation and tourism routes Alagoas, a state in the northeast of Brazil, will receive a $250 loan from the Inter-American Development Bank to increase tourism's contribution as a source of economic development and enhance fiscal sustainability. 

Brazil’s Vox Capital Impact Investing Fund gets $4 million equity investment from MIF

October 29, 2012
Fund to offer long-term financing for SMEs and start-ups serving the Base of the Pyramid (BoP)

MIF to inject $4 million in Brazilian seed fund to support investments in southern states

December 13, 2011
MIF will also provide a $1 million technical cooperation to further develop Latin America’s venture capital industry using Brazil’s expertise The Multilateral Investment Fund (MIF) approved a $4 million equity investment in C-Ventures Primus, a Brazilian seed capital fund that will invest in emerging firms located in the states of Santa Catarina, Paraná, and Rio Grande do Sul in sectors ranging from energy and life sciences to digital media and information and communication technologies.

IDB closes $430 million syndicated loan to Brazil’s Embraport project

November 25, 2011
WestLB, HSBC, Caixa Geral, Santander join IDB’s A/B Loan Program to finance a project that is critical to help ease congestion at Santos port The Inter-American Development Bank (IDB) closed a $430 million syndicated loan with a group of four international commercial participants to finance the construction, operation and maintenance of a new private mixed-use container and liquids terminal in Brazil’s Santos Port, the largest port complex in the region.

IDB to support Brazil in fight against extreme poverty

June 29, 2011
IDB Head met Brazil’s President Rousseff in Brasilia to discuss work program The Inter-American Development Bank (IDB) will support Brazil's efforts to fight extreme poverty by providing technical assistance to measure the development impact of social programs, IDB President Luis Alberto Moreno said after meeting Brazilian President Dilma Rousseff in Brasilia on June 28.