IDB approves $153 million in loans to set up IDB-China Eximbank Equity Investment Platform

Thursday, November 29, 2012 - 03:00
The Inter-American Development Bank (IDB) has approved as much as $153 million in loans for the establishment of a new equity investment platform for Latin America and the Caribbean in partnership with the Export-Import Bank of China (China Exim).

IDB, China Eximbank further advance in the creation of equity investment platform for Latin America and the Caribbean

Monday, March 19, 2012 - 03:00
MONTEVIDEO, Uruguay – The Inter-American Development Bank (IDB) and the Export-Import Bank of China (China Eximbank) are advancing in the creation of an investment platform for Latin America and the Caribbean that will mobilize as much as $1 billion for equity investments to promote sustainable economic development in the region.

IDB boosts support for small and medium-size infrastructure investments in Latin America

Thursday, December 23, 2010 - 03:00
The Inter-American Development Bank (IDB) will boost its support for small and medium-size infrastructure investments in Latin America and the Caribbean by providing as much as $60 million in new financing for Corporación Interamericana para el Financiamiento de Infraestructura S.A. (CIFI).

IDB’s President Moreno says greater integration with Asia is helping Latin American growth

Thursday, November 18, 2010 - 03:00
Rising trade and investment with Asia has helped increase exports from Latin America and the Caribbean and the region’s contribution to the growth of the world economy, said Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), during his visit to India this week. Higher incomes in Asia, particularly India and China, are opening opportunities for the region’s goods and services, especially high-quality ones: from natural and unique grass fed beef, renowned wines, and specialized coffees to the high-quality services of architects and engineers, Moreno said.

More trade and cooperation needed between India and Latin America, study says

Tuesday, November 16, 2010 - 03:00
NEW DELHI – India and Latin American and the Caribbean can mutually benefit from closer trade ties and must work together to reduce trade costs and eliminate barriers, according to a study presented during an event today organized by the Global Development Network (GDN), the National Council for Applied Economic Research (NCAER) and the Inter-American Development Bank (IDB).

IIC receives strong financial support from IDB

Tuesday, November 2, 2010 - 03:00
On October 28, 2010, the Inter-American Investment Corporation (IIC) and the Inter-American Development Bank (IDB) signed an amendment to the lending operation whereby the IIC was granted special pricing and the extension to the disbursement period of the $300 million Multisector Credit Program until November 20, 2015, was officially disclosed. The IIC has used $100 million under the facility, which was approved in 1996. Amounts used under the facility mature 15 years after disbursement.

IDB welcomes CMBC to its Trade Finance Facilitation Program - TFFP

Thursday, October 21, 2010 - 03:00
CHENGDU, China – The Inter-American Development Bank (IDB) announced today the incorporation of China Minscheng Banking Corporation (CMBC) as a Confirming Bank into the IDB Trade Finance Facilitation Program (TFFP). The signing took place during the China-LAC Business Summit, held in Chengdu, China, on October 21st and 22nd, 2010.

IDB and CCPIT strengthen ties of cooperation

Thursday, October 21, 2010 - 03:00
CHENGDU, China – The President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, and the Chairman of the China Council for the Promotion of International Trade (CCPIT), Wan Jifei, today signed a memorandum of understanding to work together to promote initiatives to benefit the IDB borrowing member countries in Latin America and the Caribbean.

Microfinance lending in Latin America and the Caribbean rose 13 percent in 2009

Friday, October 8, 2010 - 03:00
MONTEVIDEO, Uruguay – Lending by microfinance institutions in Latin America and the Caribbean grew at a slower pace in 2009, following an economic slowdown triggered by the global financial crisis and changes in the business environment.

IDB to help financial institutions boost lending to small projects with high social impact

Friday, August 6, 2010 - 03:00
The Inter-American Development Bank's Board of Executive Directors approved a loan and guarantees facility of up to US$150 million to strengthen the solvency of financial institutions in Latin America and the Caribbean and boost long-term financing to small projects with a high social impact. The assistance under the Latin America and Caribbean Subordinated Debt Facility will also mobilize additional resources from commercial banks and other institutions in order to increase funding to small and mid-sized enterprises (SMEs), microfinancing, and housing finance.