Uruguay’s Microfin to expand access to financial services to microenterprises with IDB support

September 20, 2012
25,000 microentrepreneurs expected to gain access to working capital Microfin will get a partial credit guarantee for 51.4 million Uruguayan pesos from the Inter-American Development Bank (IDB), paving the way for one of Uruguay’s leading microfinance institutions to expand access to financial services for as many as 25,000 microentrepreneurs who own small stores in periurban areas.

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.

China Eximbank and IDB Expand Trade Activity

October 22, 2010
CHENGDU, China – The Export-Import Bank of China (“China Eximbank”) and the Inter-American Development Bank (“IDB”) signed a Letter of Intent to boost trade between China and Latin America and the Caribbean (“LAC”) at the China-LAC Business Summit, held in Chengdu, China, on October 21st and 22nd, 2010.

IDB, Global Partnerships to foster a new generation of microfinance investments in Latin America

October 06, 2010
MONTEVIDEO, Uruguay – The Inter-American Development Bank (IDB) and Global Partnerships, a Seattle-based non-profit organization, signed today a $5 million loan today, which will serve to capitalize the organization’s new social investment fund.

IDB loan to support innovative social investments delivered by Microfinance Institutions

December 10, 2009
The Inter-American Development Bank has approved a $5 million loan from the Opportunities for the Majority initiative, to support a $25 million fund for microenterprise that will combine lending for productive activities with innovative social investments to reduce poverty. The Fund's remaining $20 million will be supplied by other private and institutional investors.

IDB Group supports Guatemalan bank's expansion into microfinance

December 10, 2008
The Inter-American Development Bank Group will provide up to US$70 million in loans to Banco G&T Continental (G&TC) of Guatemala to support the expansion of credit for microenterprises and small businesses. G&TC, Guatemala’s second largest commercial bank in terms of assets, started a “downscaling” process to serve microentrepreneurs in 2006 with assistance from the IDB’s Multilateral Investment Fund, a leader in promoting microfinance in Latin America and the Caribbean.

Housing Market for the Majority: Challenges and Opportunities for the Private Sector

December 04, 2008
The Inter-American Development Bank distributed on Thursday a study of the housing market for the 70 percent of the population that comprises the low-income majority in Peru.

Immigrants sent 3.7 billion euros from Spain to Latin America in 2006, says IDB fund

June 05, 2007
MADRID – Latin American immigrants sent some 3.7 billion euros (about $5 billion) from Spain to their countries of origin during 2006, according to estimates released today by the Inter-American Development Bank’s Multilateral Investment Fund (MIF). Should current demographic and economic trends persist, by 2010 remittances from Spain to Latin America could reach 5 billion euros a year (approximately $7 billion), MIF Manager Donald F. Terry said at a news conference held here.

IDB President Moreno sets goals for new development initiative

June 14, 2006
Inter-American Development Bank President Luis Alberto Moreno laid down a set of challenges for a new initiative to help low-income people in Latin America and the Caribbean gain more economic opportunities and improve their living standards.

Latin America needs microeconomic reforms to expand its middle class, Bill Clinton says

June 13, 2006
Latin America should carry out microeconomic reforms to clear the path for more poor people to join the middle class, instead of locking itself in a debate over fiscal discipline and social spending, former U.S. president Bill Clinton said today. In a public dialogue with the president of the Inter-American Development Bank, Luis Alberto Moreno, Clinton also commented on current issues such as immigration, alternative energy sources, climate change and the fight against AIDS.