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).

IDB says the pandemic will affect future earnings of an entire generation of children

September 16, 2020
Closure of preschool programs for six months means losses in future salaries equivalent to over 5% of the GDP in some countries of Latin America and the Caribbean. Hundreds of millions of children are losing daily learning opportunities resulting in potentially large losses in education, health, income, and productivity over their lifetimes due to preprimary‑program closures, says the new IDB study “Economic Costs of Pr

Mauricio J. Claver-Carone Elected IDB President

September 12, 2020
Mauricio J. Claver-Carone was elected President of the Inter-American Development Bank (IDB) today during an electronic meeting of the Bank’s Board of Governors. He will take office on October 1, 2020, for a five-year term. As President, he will oversee the operations of the IDB Group, which comprises the IDB, IDB Invest and IDB Lab.

IDB Presidential Nomination Period Closes

September 11, 2020
The period for proposing candidates for the position of President of the Inter-American Development Bank (IDB) closed on Thursday, September 10, 2020. The Board of Governors received nominations from the United States, El Salvador, Guyana, Haiti, Israel and Paraguay for a single candidate: Mauricio J. Claver-Carone, currently Deputy Assistant to the U.S. President and Senior Director for Western Hemisphere Affairs, U.S. National Security Council.

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%.

IDB Launches Pivot Movement to Strengthen Caribbean Innovation

September 03, 2020
The Inter-American Development Bank (IDB) has launched the Pivot Movement to harness the most innovative ideas for Caribbean development and create a plan for the future of the region. The Movement includes a crowdsourcing contest and an event. Pivot Search is the crowdsourcing platform to receive new development ideas. It runs from September 2 to September 18, with a $5000 cash prize for each of the three winners.

IDB helps Uruguay protect vulnerable population amid COVID-19 crisis

September 02, 2020
The Inter-American Development Bank has approved a $125 million loan for Uruguay to help ensure minimum living standards for vulnerable people amid the health crisis triggered by the COVID-19 pandemic. The plan will support basic levels of income and employment for people affected by the pandemic, both now and in the post-crisis recovery period.

IDB will reward innovative uses of digital tools in the face of COVID-19

September 01, 2020
Seventh edition of the Gobernarte award: subnational governments in Latin America and the Caribbean will be able to apply and send their proposals before November 1 The Inter-American Development Bank (IDB) launches the seventh edition of the “Gobernarte: The Art of Good Government - Eduardo Campos Award” contest, which will reward the best innovative initiatives of subnational governments in Latin America and the Caribbean.

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.

IDB study shows how to use technology to improve math learning

August 28, 2020
Technology can help narrow the mathematics learning gap in Latin America and the Caribbean if leaders and educators include teacher training and well-focused tools in their programs, according to a study by the Inter-American Development Bank (IDB). Technology is taking center stage in teaching during the pandemic, with millions of students depending on computers and the internet to acquire the knowledge they need.