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.

Inter-American Development Bank / World Bank / Caribbean Development Bank joint press release on International Monetary Fund staff-level agreement with Suriname

April 15, 2016
The Government of Suriname and the International Monetary Fund (IMF) have agreed on the key elements of an economic program that would be supported by a Stand-By Arrangement (SBA). A reform agenda was put forward by the Surinamese authorities to stabilize Suriname’s economy and to set the stage for its recovery.

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.

IDB backs program to give SMEs in Barbados greater access to credit

December 16, 2014
Loan of US$35 million will help modernize businesses and boost the country’s productivity The Inter-American Development Bank (IDB) has approved a loan of US$35 million, of which US$17.5 million come from its ordinary capital and US$17.5 million from the China Co-financing Fund for Latin America and the Caribbean, to help boost productivity in Barbados.

Peru’s BanBif gets $20 million subordinated loan from the IDB to boost mortgage lending

January 30, 2012
IDB financing to support BanBif’s business strategy to target middle-income markets The Inter-American Development Bank (IDB) closed and disbursed a $20 million subordinated loan to Banco Interamericano de Finanzas of Peru (BanBif) that will pave the way for increased mortgage lending.

IDB approves US$60 million loan to Jamaica for public financial and performance management program

April 07, 2011
The Inter-American Development Bank (IDB) announced the approval of a US$60 million loan, the third tranche of financing for a public financial and performance management program in Jamaica. With this last operation, IDB resources for this program total US$180 million.

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).

Jamaica, IDB sign second US$200 million loan for fiscal policy reform

December 17, 2010
The Hon. Audley Shaw, Minister of Finance and Public Service of Jamaica, and Inter-American Development Bank President Luis Alberto Moreno signed on December 15 a US$200 million loan, consisting of the second IDB financing for the country’s fiscal consolidation program.

Guyana improves supervision and access to financial services with IDB support

November 04, 2010
Guyana will strengthen supervision and the regulatory frameworks of its financial system as well as boost transparency with the third and last programmatic policy-based loan of $5 million approved by the Inter-American Development Bank (IDB).