Better Banking Policies Needed to Blunt COVID-19 Impacts in Latin America and Caribbean

September 16, 2020
Expert Recommendations can Guide Policymakers in Preventing Financial Crisis on top of Health, Economic Crisis Better banking policies are needed given the serious challenges financial systems will face from the economic impacts of the COVID-19 health crisis in Latin America and the Caribbean, a new working group report released today finds. The report was co-chaired by the Center for Global Development (CGD) and the Inter-American Development Bank (IDB).
2020-09-16

IDB launches new 7-year fixed rate global bond

September 10, 2020
Washington, D.C. – The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $1.5 billion 7-year fixed rate global benchmark. The transaction pays a semi-annual coupon of 0.625% and matures on September 16, 2027. It was priced with a spread of 17.55 basis points over the 0.500% UST due August 31, 2027, which translates to a semi-annual yield of 0.651%.
2020-09-10

IDB launches new 5-Year Sustainable Development Bond (“SDB”)

September 01, 2020
Proceeds from CAD600 million transaction will finance IDB projects aligned with the Sustainable Development Goal on climate action (SDG 13) Washington, D.C. – The Inter-American Development Bank (IDB or IADB), rated Aaa/AAA (Moody’s/S&P), priced a new CAD600 million 5-year fixed rate Global Sustainable Development Bond to support the funding of the Sustainable Development Goals (SDGs) under the sustainable development bond program.
2020-09-01

IDB launches $2.5 Billion 0.250% Long 3-year Fixed Rate Global

August 27, 2020
Washington, D.C. – The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $2.5 billion Long 3-year global benchmark. The transaction pays a semi-annual coupon of 0.250% and matures on November 15, 2023. It was priced with a spread of 5 basis points over mid-swaps, which equates to 11.4 basis points over the 0.125% UST due August, 2023 and carries a semi-annual yield of 0.300%.
2020-08-27

IDB Launches CAD 500 Million 0.875% 7-year Fixed Rate Global Sustainable Development Bond

August 18, 2020
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced last week a new CAD 500 million 7-year Global Sustainable Development Bond raising awareness for the United Nations’ Sustainable Development Goal #3: Good Health and Well-being. The transaction pays a semi-annual coupon of 0.875% and matures on 27 August 2027. It priced with a spread of 50.7 basis points over the 1.00% CAN due 1 June 2027, which represents a yield of 0.965% s.a.
2020-08-18

Infrastructure transformation will generate big windfall for Latin America and Caribbean

July 30, 2020
Infrastructure will be key to spur post-pandemic recovery New study shows how smart infrastructure investments benefit poor households the most Flagship report analyzes policy options for infrastructure that bring about climate-friendly reforms and address social expectations A new report by the Inter-American Development Bank charts a course for a massive infrastructure transformation in Latin America and the Caribbean through gains in efficie
2020-07-30

IDB Launches New 10-year fixed rate Australian Dollar Sustainable Development Bond

July 16, 2020
Highlighting Sustainable Development Goal # 11— Sustainable Cities and Communities The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA, priced a new 10-year fixed rate Sustainable Development Bond (“SDB”) focused on SDG#11 (Sustainable Cities and Communities) in Australian Dollar (AUD) valued in 140 million, equivalent to US$97 million. Nippon Life Insurance Company is the sole investor of the bond with Credit Agricole CIB being the arranger.
2020-07-16

IDB Partners with Bahamas to Launch New Oil Hedging Solution For BPL

July 15, 2020
The Inter-American Development Bank has partnered with The Bahamas for a new oil hedging instrument to protect government budget and better manage financial risks in uncertain times. The agreement will secure an affordable crude oil coverage solution during times of low prices for the government’s Bahamas Power and Light electricity company. This is the first time the IDB and Bahamas are using such an instrument. It will better position the country against abrupt oil price movements and offers protection against increases in electricity costs over the next 18 months.
2020-07-15

IDB Launches Australian Dollar Sustainable Development Bond (SDB)

June 12, 2020
Highlighting Sustainable Development Goal #3—Good Health and Well-Being. The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new 10-year fixed rate Sustainable Development Bond (“SDB”) focused on SDG#3 (Good Health and Well Being) in Australian Dollar (AUD) valued in 50 million, equivalent to $33.26 million. Mitsui Sumitomo Aioi Life Insurance Company, Limited is the sole investor of the bond with Daiwa Capital Markets America Inc. being the arranger.
2020-06-12

IDB study explores tech opportunities for the Central American economy

June 12, 2020
Areas of study are greater efficiency in spending and public services, the tax-raising potential of the digital economy, and maximizing the benefits of remittances Using technology can help in major economic sectors hit by the COVID-19 pandemic, such as remittances and public finances. As remittances decline, technology applied to international money transfers can generate efficiencies that help maximize the amount of money reaching recipients.
2020-06-12