IDB Group launches Open Innovation Challenge to reduce plastic use

September 26, 2019
Washington, D.C. — The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD.

Spain makes contribution to IDB’s migration initiative

March 20, 2019
Event on migration analyzes impact on Latin America MADRID - Spain has made a $5 million contribution to help the Inter-American Development Bank (IDB) tackle urgent development challenges posed by the rise of transborder migrations in Latin America and the Caribbean. The contribution was announced at the conference Migration and Cities: The Road to Inclusive Integration held March 20, 2019 in Madrid.

IDB launches Superheroes of Development contest to recognize executing agencies

March 04, 2019
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

Colombia issues first energy savings insurance policies

February 13, 2019
SMALL AND MEDIUM ENTERPRISES ACCESS TO POLICIES TO GUARANTEE ENERGY SAVING IN INVESTMENT PROJECTS FOR MORE EFFICIENT TECHNOLOGIES With the support of the Inter-American Development Bank, and in collaboration with BANCOLDEX, Colombia has become the first country in Latin America and the Caribbean to issue energy saving policies under the Energy Savings Insurance Program (ESI) in benefit of five small and medium-si

Latin America & Caribbean will need 23 million health and education professionals by 2040

January 29, 2019
A new IDB study from the series The future of work in Latin America and the Caribbean estimates that the region will need 12 million teachers, 3 million doctors and 8 million nurses by the year 2040. The study also highlights that jobs in education and health are good

IDB and CDB to expand the Sustainable Energy Facility (SEF) for the Eastern Caribbean

December 17, 2018
US$ 85.6 million programme will fund geothermal power and institutional capacity projects in five Eastern Caribbean nations The Sustainable Energy Facility for the Eastern Caribbean (SEF-Expanded) is designed to reduce the financial, technical, and institutional barriers to geothermal energy development in five Eastern Caribbean nations.  It will also aid in institutional strengthening and capacity building for those five governments and in partnering with the Caribbean Development Bank (CDB).

IDB launches Blue Tech Challenge with up to US$2M in funding for Blue Economy proposals

September 24, 2018
The IDB through its Multilateral Investment Fund (MIF), Natural Capital Lab, Sustainable Islands Platform, and in alliance with the Compete Caribbean Partnership Facility, which is also supported by DFID, CDB and the Government of Canada, will identify firms and organizations looking to pilot and scale up business models that use cutting edge technologies to contribute to the sustainable management of oceans, marine ecosystems and coastal resources.

Ecuador to renovate, strengthen its electric system with IDB support

September 05, 2018
The Inter-American Development Bank (IDB) has approved a $100 million loan to help Ecuador revamp, repower and improve the reliability of its electric system. The loan will provide continuity to the IDB’s support to Ecuador’s power sector, contributing to the government’s efforts to promote investments to strengthen the National Interconnected System. This operation focuses on equipment renewal, replacement and repowering in both the national transmission and distribution systems. It will also help strengthen management and planning capabilities.

IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1bn of investments

August 09, 2018
Backed by 26 Caribbean governments and the private sector, the Accelerator will fast-track investments which support climate action and economic growth    The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.

The IDB and Miami Dade College select eighteen startups from Latin America, the Caribbean and South Florida to participate in Demand Solutions Miami 2017

August 21, 2017
Miami Dade College (MDC) and the Inter-American Development Bank (IDB) will host Demand Solutions Miami on Thursday, Oct. 19, at the Wolfson Campus in Downtown Miami. Eighteen startups in design, fashion, gastronomy, music and multimedia have been selected to participate in a one-of-a-kind conference that will highlight innovation and entrepreneurship that improves lives.