Members of international community discuss collaboration in support of Venezuela

July 08, 2019
Representatives of cooperation agencies, along with directors and counselors of the Inter-American Development Bank’s (IDB) member countries, met this morning with the Bank's administration at the institution's headquarters to discuss possible areas of collaboration in support of Venezuela. During the meeting, IDB specialists presented an analysis of the macroeconomic outlook and the main development challenges facing Venezuela.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

September 24, 2018
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador

October 15, 2016
Habitat, the main global conference on Housing and Sustainable Urban Development, is being held for the first time in Latin America The Inter-American Development Bank (IDB) will have a strong presence in the Habitat III Conference to be held in Quito, Ecuador, Oct. 17-20, 2016.

The IDB recognizes five municipal governments in the Gobernarte Contest and pays tribute to Eduardo Campos

April 22, 2016
The winners were chosen for their innovative initiatives The Inter-American Development Bank (IDB) selected the cities of Fortaleza and San Bernardo del Campo in Brazil, Antigua Guatemala in Guatemala, Guayaquil in Ecuador, and Baruta in Venezuela as the winners of “Gobernarte 2015: Eduardo Campos Award” in a ceremony held on April 19.

IDB approves $30 million investment in green fund for Latin America and the Caribbean

January 13, 2012
Renewable energy and clean technology companies to benefit from new fund The Inter-American Development Bank (IDB) has approved a $30 million loan for the Emerging Energy Latin America Fund II, designed to boost the private sector as a driving force in clean technologies and renewable energy in the region.

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.

Venezuela will boost electricity production with support from IDB

October 27, 2010
Venezuela will increase power output from its largest hydroelectric complex by 795 megawatts—enough to supply almost one million venezuelans—through a modernization program financed with a $700 million loan approved by the Inter-American Development Bank.

MIF to present in Madrid new index on public-private partnerships in Latin America and the Caribbean

October 23, 2009
The Inter-American Development Bank’s Multilateral Investment Fund (MIF) will launch a new index on public-private partnerships (PPPs) for infrastructure projects in Latin America and the Caribbean at a news conference to be held on Monday, October 26 in Madrid, Spain. The index, known as the Infrascope, was commissioned by the MIF and developed by the Economist Intelligence Unit as a tool to help governments and potential investors analyze Latin American and Caribbean countries’ capacity to implement PPPs in the transportation and water sectors.

Venezuela to improve its electricity service with a $200 million IDB loan

October 14, 2009
The Inter-American Development Bank today approved a $200 million loan to help the Bolivarian Republic of Venezuela improve electricity services by boosting the efficiency of the Corporación Eléctrica Nacional (CORPOELEC) power utility. The funds will help the government's newly formed company develop its technical, socio-environmental, institutional, and administrative operations.

IDB approves financing for hydropower project in Venezuela

July 29, 2009
The Inter-American Development Bank today approved an $800 million supplementary loan to Venezuela for the completion of the Manuel Pilar (also known as Tocoma) hydropower project in the Lower Caroní River Valley. Construction on the plant, which will have an installed capacity of 2,160 megawatts, began with the initial diversion of the river in 2002. Its 10 generators are scheduled to begin operating on a staggered basis between 2012 and 2014. The plant is being built and will be operated and maintained by Electrificación del Caroní S.A. (EDELCA), a state company.