Honduras tackles COVID-19 and ensure stability with IDB support

July 09, 2020
Honduras will ensure the sustainability of its public finances, increase social spending on the COVID-19 crisis and protect its monetary and financial stability with a $76.2 million loan from the Inter-American Development Bank (IDB).   The budgetary support loan will help finance efforts to contain the pandemic, mitigate its effect on poor households, and promote counter-cyclical policies that will ease the crisis' short-term effect on the economy. 
2020-07-09

Businesspeople to participate in a virtual forum on digital services outsourcing

July 09, 2020
Around 2,000 businesspeople of the global services sector from more than 50 countries will be taking part from July 13 to 22 in Outsource2LAC Virtual Week 2020, the main digital services outsourcing event in Latin America and the Caribbean. The forum aims to drive the growth of companies that provide global digital services, or knowledge-based services, in response to the economic slowdown caused by the COVID-19 crisis. In its eighth edition, this is the first time that the Outsource2LAC forum is held online.
2020-07-09

IDB report urges new social compact to spur growth, tackle pandemic and inequity

July 07, 2020
Careful sequencing of fiscal policies is key to growing sustainably and equitably after the pandemic Latin America and the Caribbean needs a new social compact of economic policies to ensure more inclusive growth following the pandemic, according to a new report by the Inter-American Development Bank (IDB).
2020-07-07

The IDB & The GovLab launch Smarter Crowdsourcing in the Age of Coronavirus

July 07, 2020
The Smarter Crowdsourcing initiative brings together a network of public leaders and global experts to address the challenges of managing a pandemic in Latin America and the Caribbean. Brooklyn, NY – The Inter-American Development Bank (IDB) together with The Governance Lab (The GovLab) at New York University Tandon School of Engineering, today launched “Smarter Crowdsourcing in the Age of Coronavirus.” This rapid policy advising initiative convenes pu
2020-07-07

Costa Rica confronts pandemic and safeguards macroeconomic stability with IDB support

June 22, 2020
Costa Rica will receive a $250 million loan from the Inter-American Development Bank (IDB) to finance its efforts to contain the COVID-19 sanitary crisis and mitigate its impacts on the economy. The budget-support, fast disbursement loan is in line with a rapid financial assistance (RFI) arrangement approved in April by the International Monetary Fund to help tackle the COVID-19 emergency and its effects on the country’s economy.
2020-06-22

IDB Lab launches innovation challenge to revitalize tourism sector in 15 countries

June 16, 2020
Selected projects may receive up to US$500,000 in grants and up to US$2 million in loans
2020-06-16

COVID-19 exacerbates drop in exports from Latin America

June 03, 2020
The drop in the value of the region's exports is estimated to be around 30 percent year-on-year in April The value of exports from Latin America contracted by 3.2 percent in the first quarter of 2020 compared to the same period in 2019, according to a new report by the Inter-American Development Bank that analyzes the trade performance of 15 countries in the region.
2020-06-03

Latin America and Caribbean: Tax revenue under threat amid deteriorating regional outlook

May 07, 2020
Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis.
2020-05-07

Business leaders unveil recommendations to face COVID-19

April 30, 2020
The Americas Business Dialogue (ABD), a mechanism for advancing a public-private dialogue on public policies, today released a series of recommendations that seek to support the governments of the hemisphere in their health and economic response to the emergency of COVID-19. The 17 measures proposed by ABD can be found in the document Policy Recommendations on Addressing the Coronavirus Disease (COVID-19) Pandemic and Mitigating Its Impacts.
2020-04-30

IDB launches interactive map of suppliers to respond to the COVID-19 emergency

April 28, 2020
The Inter-American Development Bank, through the ConnectAmericas business platform, launched today an interactive map that allows users to quickly locate and find suppliers of goods and services in Latin America and the Caribbean, and the rest of the world, to face the pandemic of COVID-19.
2020-04-28