IDB launches Superheroes of Development contest to recognize executing agencies

Monday, March 4, 2019 - 18:41
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.

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

Monday, December 17, 2018 - 11:21
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).

Government of France becomes founding donor of IDB Natural Capital Lab

Friday, November 30, 2018 - 17:50
The Government of the French Republic will contribute €24 million to the recently launched Natural Capital Lab of the Inter-American Development Bank, becoming its founding donor. France’s Minister of the Economy and Finance, Bruno Le Maire, and IDB President Luis Alberto Moreno today signed a letter of intent concerning the contribution on the sidelines of the G20 summit in Buenos Aires, Argentina.

IDB supports program in Paraguay to modernize the Acaray hydroelectric power plant

Thursday, November 29, 2018 - 16:44
Plan will extend the working life of the only wholly state-owned dam in Paraguay and boost its availability, reliability and generating capacity   The Inter-American Development Bank (IDB) has approved $125 million in financing requested by Paraguay in support of a program to upgrade and modernize Acaray, the country's only 100 percent state-owned hydroelectric power plant, which was built with IDB support and is almost 50 years old.  

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

Thursday, August 9, 2018 - 10:23
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.

Paraguay to promote private sector investments in energy efficiency with IDB support

Thursday, July 26, 2018 - 11:48
The $20 million loan with Green Climate Fund resources will scale up the small and medium enterprises investments in energy efficiency in the industrial sector Paraguay will promote improved long-term productivity and energy efficiency investments by Small and Medium Enterprises (SMEs), with a $20 million loan approved by the Inter-American Development Bank (IDB).