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.

Colombia pushes forward financial system reforms with $450 million IDB loan

June 07, 2017
The Inter-American Development Bank (IDB) has approved the second phase of an operation to support financial system reforms aimed at boosting up Colombia's economic growth. The loan is for $450 million.

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.

IDB implements Colombia program for private investment in renewable energy in areas not interconnected

February 29, 2016
The Inter-American Development Bank (IDB), through the Banca Nacional de Desarrollo, has announced the approval of a loan for $9.3 million to promote private investment in the generation of renewable energy in areas of Colombia that are isolated or not interconnected.

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.

MIF to help consolidate venture capital financing in Colombia

December 22, 2011
$1.5 million project to improve SME access to equity financing The Multilateral Investment Fund (MIF), in partnership with Banco de Comercio Exterior de Colombia, S.A. (Bancóldex), will help strengthen the venture capital industry in Colombia to pave the way for increased access to finance for small and medium enterprises (SMEs) in the country.

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).