Norway renews its commitment to the IDB transparency fund

October 17, 2019
A new donation of $2.2 million by Norway to transparency and integrity through a three-year contribution to support institutional and regulatory reform for the region The Transparency Fund is the main tool of the Inter-American Development Bank’s (IDB) to support its member countries in developing and implementing transparency and integrity reforms. The Government of Norway is one of the founding members of the (IDB)  Transparency Fund (AAF).

WeXchange announces six finalists of its 2019 Pitch Competition

October 15, 2019
Finals of the Pitch Competition will take place during the seventh edition of the WeXchange forum, on November 13 and 14, at the Event Center of Paso la Galeria in Asuncion, Paraguay WeXchange,the platform that connects high-growth entrepreneurs from Latin America and the Caribbean with mentors and investors, announced its six finalists of the Pitch Competition selected from more than 570 applicants from Latin America and the Caribbean.

IDB launches inaugural GBP Sustainable Development Bond (“SDB”)

October 10, 2019
Proceeds from GBP275 million transaction will finance IDB projects aligned with the Sustainable Development Goals Washington, D.C. – The Inter-American Development Bank (IDB or IADB), rated Aaa/AAA (Moody’s/S&P), priced a new GBP275 million 7-year fixed rate l Sustainable Development Bond (“SDB”). 

IDB launches inaugural Sustainable Development Bond (“SDB”)

September 30, 2019
Proceeds from CAD600 million transaction will finance IDB projects aligned with the Sustainable Development Goals. Washington, D.C. – The Inter-American Development Bank (IDB or IADB), rated Aaa/AAA (Moody’s/S&P), priced a new CAD600 million 5-year fixed rate l Sustainable Development Bond (“SDB”).

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 supports program in Paraguay to improve use of public funds 

September 23, 2019
Paraguay will carry out a program designed to improve the efficiency and transparency of the use of public funds, with the support of a $90 million loan approved by the Inter-American Development Bank (IDB). 

Brazil, Colombia, and Mexico win the Gobernarte 2019 Award with innovative ideas

September 23, 2019
The sixth edition of the “Gobernarte 2019 - Eduardo Campos Prize” contest of the Inter-American Development Bank (IDB) identified four innovative ideas for data use and citizen services presented by subnational governments of Brazil, Colombia, and Mexico as winners of this edition of the contest.

IDB announces winner of the 2019 Superheroes of Development Award

September 16, 2019
The winning IDB-financed project developed a new solution to monitor public infrastructure works and to empower citizens to evaluate the use of public resources in Honduras. WASHINGTON D.C., September 12, 2019. The Inter-American Development Bank (IDB) announced the winner of the Superheroes of Development contest, an award given to executing agencies that have successfully implemented innovative solutions in projects financed by the IDB.

Investment in social development and efficient institutions, keys to better security

September 13, 2019
The IDB confirmed its commitment to work with Latin American and Caribbean countries on innovations that can contribute to prevention and crime reduction The Inter-American Development Bank (IDB), during the Citizen Security Week 2019 that wrapped up yesterday, emphasized that to improve long-term citizen security, it is necessary to have  greater investment in social development and more effective, efficient and transparent institutions.

IDB launches inaugural $600 million 3-year SOFR linked bonds

September 10, 2019
The Inter-American Development Bank (“IADB” or “IDB”), Aaa/AAA (Moody’s/S&P), today priced their inaugural $600 million 3-year SOFR-linked floating rate global bond due 16th September 2022. The issue priced at par, with a coupon equivalent to SOFR + 26bps. This will be calculated using a five-day observation lag on compounded daily SOFR, with no lockout.