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 approves new Environmental and Social Policy Framework

September 16, 2020
The Board of Executive Directors of the Inter-American Development Bank (IDB) today approved a new Environmental and Social Policy Framework (ESPF).  The new ESPF is the result of a rigorous process that spanned 20 months and was based on an inclusive, transparent, and participatory public consultation process. An External Advisory Panel of Experts also helped improve the framework by providing valuable contributions.
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 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.
2020-09-03

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

World Water Week 2020: the IDB leads the Focus on Latin America and the Caribbean

August 25, 2020
The IDB leads the Focus on Latin America and the Caribbean at the most important global meeting of the water and sanitation sector, with a call to mitigate the effects of change climate The World Water Week, sponsored by the Stockholm International Water Institute, the most important global meeting of the year for the water and sanitation sector, began with a call to take concrete and decisive actions to mitigate the effects of climate change and its consequences on the availability of water resources for the present and the future.
2020-08-25

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

MDB climate finance in low and middle-income countries reaches US$41.5 billion in 2019

August 06, 2020
THE 2019 REPORT COVERS FOR THE FIRST TIME MDBs' CLIMATE FINANCE ACROSS ALL COUNTRIES Climate financing by seven of the world’s largest multilateral development banks (MDBs) accounted for US$ 61.6 billion in 2019, of which US$ 41.5 billion (67 percent) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance.
2020-08-06

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