Reducing trade costs could boost exports to Korea

October 10, 2019
Exports from Latin America and the Caribbean to Korea could grow by about US$10 billion, or 43%, if a set of reforms to reduce trade costs are implemented and bilateral cooperation reach new levels, according to a study by the Inter-American Development Bank. The report, Stepping Up Cooperation, Policy Options for Latin America and Korea, was presented during the 5th Korea-LAC Business Summit, held in Seoul, Korea, on October 7th and 8th.

Millennials have potential that Latin America and Caribbean must not squander, says study

November 22, 2018
Young people in Latin America and the Caribbean have weak cognitive skills but their socio-emotional abilities are strong, according to the study “Millennials in Latin America and the Caribbean: to work or to study?” The report, which is the result of research drawing on more than 15,000 people in nine countries, also found a high level of optimism and aspiration in this new generation of workers. Young people in Latin America and the Caribbean have great potential but it could end u

Declining Export Competitiveness: Latin America Urgently Needs a Quality Leap

November 14, 2018
BUENOS AIRES—In the first quarter of 2018, the value of exports from Latin America and the Caribbean grew at a year-on-year rate of 9.7 percent in comparison with the same period in 2017, according to a new report from the Inter-American Development Bank (IDB). However, this growth has come amid signs that the region is becoming less competitive amid rising economic risks and global trade tensions.

Artificial intelligence to boost Latin American and Caribbean economies: IDB study

August 29, 2018
Study also urges governments to anticipate consequences of artificial intelligence in labor markets BUENOS AIRES – Artificial intelligence can facilitate trade negotiations and add one additional percentage point of growth to Latin American and the Caribbean economies, according to a study by the Inter-American Development Bank (IDB).

IDB President meets with Japan’s Prime Minister and Minister of Finance

October 25, 2011
Talks focus on unprecedented growth in Japan’s trade with Latin America and the Caribbean, new opportunities for collaboration Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), met yesterday with Yoshihiko Noda, Prime Minister of Japan and Jun Azumi, the nation’s Minister of Finance, to explore new opportunities for trade and cooperation created by unprecedented prosperity in Latin America and the Caribbean (LAC). 

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.

Scholars stress great integration potential between India and Latin America

July 27, 2010
The Inter-American Development Bank (IDB) unveiled today a new study calling for India and Latin America to foster closer economic ties in order to tap into  “massive” trade and investment opportunities between these two distant partners.

IDB, ADB to strengthen South-South links

November 10, 2009
TOKYO - Inter-American Development Bank (IDB) President Luis Alberto Moreno and Asian Development Bank (ADB) President Haruhiko Kuroda signed a partnership agreement that will see the two institutions work more closely in areas ranging from trade facilitation and regional cooperation to climate change.

IDB: It is imperative that trade continues to flow in the region to mitigate crisis

May 07, 2009
MONTEGO BAY, Jamaica – IDB President Luis Alberto Moreno and Director-General of the World Trade Organization Pascal Lamy warned against protectionism at the Second Regional Review on Aid for Trade (AfT) for Latin America and the Caribbean. “The integration of our hemisphere has proven to be one of the most powerful engines of economic growth and human and social development,” said Moreno during the opening session of the AfT conference being held today and tomorrow in Montego Bay, Jamaica.

IDB welcomes Banco Agrícola as issuing and confirming Bank under its Trade Finance Facilitation Program (TFFP)

April 06, 2009
The Inter-American Development Bank (IDB) announced today that Banco Agrícola of El Salvador joined the IDB’s Trade Finance Facilitation Program (TFFP). Under the TFFP, the IDB extends guarantees to cover letters of credit, promissory notes, bid bonds, performance bonds, advance payment bonds and other instruments used in international trade transactions. The TFFP can help Banco Agrícola to further increase its trade finance business and to take advantage of the TFFP’s countercyclical effects during times of volatility in trade finance flows. TFFP