IDB, Germany and Switzerland partner to transform vocational training in LAC

October 18, 2019
Multi-donor fund of US$13 million will accelerate the transformation of technical and vocational education and training in Latin America and the Caribbean. The Inter-American Development Bank (IDB), the Federal Ministry for Economic Cooperation and Development of Germany (BMZ) and the Government of Switzerland, represented by the Swiss Agency for Development and Cooperation (SDC), have launched the TVET Fund, a new multi-donor fund that aims to transform

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).

Colombia, Mexico, Brazil and Argentina win the Gobernarte 2018 Award with innovative ideas

August 29, 2018
The fifth edition of the "Gobernarte - Premio Eduardo Campos" contest of the Inter-American Development Bank (IDB), identified innovative ideas in the area of citizen participation and digital citizenship from the subnational governments of Bogotá, Colombia; Puebla, Mexico; Sao Paulo, Brazil; and Cordoba, Argentina.

IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1bn of investments

August 09, 2018
Backed by 26 Caribbean governments and the private sector, the Accelerator will fast-track investments which support climate action and economic growth    The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.

Mexico to increase geothermal energy generation with IDB support

August 06, 2018
US$108.6 million loan will help diversify the country’s energy matrix and reduce its dependence on fossil fuels The Inter-American Development Bank (IDB) has approved a modification of a loan totaling US$108.6 million that aims to increase private investment in electricity generation projects from geothermal sources, putting at the developers’ disposal a number of financial mechanisms tailored to meet the specific needs of each project at every step of their development.

Crime exacts steep social, public and private costs in Latin America and Caribbean: IDB study

February 03, 2017
Annual costs of crime and violence estimated at $261 billion for region; impacts vary among and within countries Violence and crime impacts much higher than for developed nations Report calculates foregone income of murder victims, imprisoned individuals A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at $261 bill

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.

Better governance and greater integration to determine fate of Latin America and the Caribbean in 2030

December 01, 2016
New Atlantic Council report commissioned by IDB offers contrasting scenarios for crime, democracy, trade and economic growth The Atlantic Council today released "Latin America and the Caribbean 2030: Future Scenarios," a report commissioned by the Inter-American Development Bank (IDB) that looks at how the region's countries could evolve over the next 14 years, underscoring how more integration and better governance hold the key to greater prosperity.

The trade slowdown in Latin America and the Caribbean is more intense than in the rest of the world

November 17, 2016
South American and Caribbean countries were the most affected. Following two years in a downward trajectory, the value of Latin American exports fell 14.8 percent in 2015, and 8.5 percent in the first seven months of 2016, according to the Trade and Integration Monitor 2016 of the Inter-American Development Bank.

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.