IDB to support BOP families in the Dominican Republic with access to credit for home improvements

February 05, 2015
Loan of up to $5 million has mobilized an additional $5 million through a B-loan syndication The Inter-American Development Bank (IDB) has approved a loan of up to $5 million to Banco Multiple Ademi, a leading financial institution in the Dominican Republic with 60 percent of the microfinance market share, for on-lending to an estimated 5,000 Base of the Pyramid (BOP) families in need of home improvement financing.

IDB to help finance student loans in six Latin American countries

February 01, 2012
IDB loan to Higher Education Finance Fund will pave the way for increased student loans in Guatemala, Honduras, Dominican Republic, Peru, Bolivia, and Paraguay The Inter-American Development Bank (IDB) will help expand the access to higher education in Latin America and the Caribbean by providing a $10 million loan to the Higher Education Finance Fund, L.P. (HEFF), a regional debt fund that seeks to offer student loans through local microfinance organizations.

IDB, Covelo Foundation to foster renewable energy use in Central America

October 27, 2011
As many as 6,000 low-income families in isolated rural areas in Honduras, El Salvador and Belize to get access to solar energy The Inter-American Development Bank (IDB) will provide a loan of up to $3 million for Fundación José María Covelo to establish credit lines that will enable as many as 6,000 Central American families in isolated rural communities with no access to the electricity grid to buy solar power systems.

IDB closes $3.6 million syndicated loan to provide access to finance for smallholder farmers

July 05, 2011
As many as 10,000 small farmers in nine countries to benefit from IDB loan to FOPEPRO The Inter-American Development Bank (IDB) has closed a $3.6 million loan to provide access to finance for smallholder producer groups and farmers associations in nine Latin American countries through a loan to the “Fund for Small Rural Producers in Latin America” or “Fondo para los Pequeños Productores Rurales en América Latina (FOPEPRO)."

IDB to support expansion of CEMEX microfinance program for low-income families

June 28, 2011
More than 750,000 low-income families in Mexico, Colombia, Costa Rica, Nicaragua and the Dominican Republic to benefit from the project Patrimonio Hoy, the housing microfinance program of CEMEX, will expand lending to low-income families in Mexico and four other Latin American countries with a partial credit guarantee of up to $10 million from the Inter-American Development Bank (IDB). As many as 750,000 families over the next five years are expected to benefit from this project.

IDB releases its 2010 Development Effectiveness Report

March 23, 2011
Report evaluates Bank’s efforts in measuring its development impact in Latin America and the Caribbean The Inter-American Development Bank (IDB) has made strides to boost transparency, accountability and enhance the development impact of its investments in Latin America and the Caribbean, according to the new edition of the IDB’s 2010 Development Effectiveness Overview.

IDB approves Compete Caribbean program and receives $32 million in grants from Canada and the United Kingdom

May 12, 2010
The Inter-American Development Bank (IDB) has approved Compete Caribbean, a program to support private sector development and competitiveness in 15 Caribbean countries. The program, known as Compete Caribbean, is a joint initiative of the IDB, the Canadian International Development Agency (CIDA), and the United Kingdom’s Department of International Development (DFID).

IDB launches business plan competition for tourism projects in the Caribbean

December 10, 2009
The Inter-American Development Bank will hold a business plan competition for Caribbean tourism projects involving low-income communities in their value chains. The contest, organized by the IDB’s Opportunities for the Majority Initiative, is open to companies based in the Bahamas, Barbados, Guyana, Haiti, Jamaica, Suriname and Trinidad and Tobago.

IDB Governors set roadmap to strengthen Bank, increase resources to fight crisis

July 03, 2009
SANTIAGO, Chile – The Inter-American Development Bank (IDB) has obtained a mandate from its highest governing body to quickly complete the technical studies surrounding a capital increase that seeks to help Latin America and the Caribbean tackle challenges like climate change and poverty alleviation. The IDB will also make an additional $6 billion available to assist borrowing countries affected by the financial and economic crisis.

IDB Annual Meeting concludes with countries vowing action on crisis

March 31, 2009
Governments approve kicking off process to review IDB capital levels. Seminars, dialogues, exhibitions and debates mark IDB’s 50-year anniversary.MEDELLÍN, Colombia – For nearly a week ending today, this picturesque and thriving city transformed itself into the economic epicenter of Latin America and the Caribbean.