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.
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.
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%.
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.
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.
August 28, 2020
The Inter-American Development Bank (IDB) announced the winners of the third edition of the 2020 Development Superheroes Award, which this time focused on recognizing operations that have been successfully adjusted to face the challenges of COVID-19 during its implementation. The winners are:
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.
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.
August 14, 2020
The selected finalists are from Brazil, Ecuador, Paraguay, and Suriname. Today, the Inter-American Development Bank (IDB) announced the eight finalists for the third edition of its Superheroes of Development Award, which recognizes the innovative solutions devised and valuable lessons learned by executing agencies/borrowers or clients while implementing development projects in Latin America and the Caribbean, particularly under the exceptional circumstances caused by the COVID-19 pandemic.
August 03, 2020
The WeXchange Women STEMpreneurs Competition, for high-growth women entrepreneurs in STEM in Latin America and the Caribbean, will be receiving applications until August 23. IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) group, has announced the launch of its eight edition of WeXchange, the largest forum that connects Latin America and the Caribbean (LAC) women entrepreneurs in Science, Technology, Engineering and Mathematic