Advances in key fiscal expenditure to finance climate change

August 29, 2019
SANTIAGO, Chile – Advances on the basic elements to build a methodology that identifies public spending on climate change and produces information for decision makers, has been the main result of a regional workshop conducted by the Inter-American Development Bank (IDB) and the Ministry of Finance of Chile, in collaboration with regional and international institutions and with governments of Latin America and the Caribbean. 

Study analyzes challenges faced by Central America as it seeks sustainable development

July 19, 2019
A new publication uses analysis of trade, investment, migration, the financial sector, raw materials, and natural resources to propose policy options The Inter-American Development Bank and the Latin American Center for Competitiveness and Sustainable Development (CLACDS) of INCAE Business School have presented in San Jose, Costa Rica, a book entitled “The Future of Central America: Challenges for Sustainable Development”,  w

Quality expenditure and digitalization, priorities for Central America, Dominican Republic

February 15, 2019
The IDB brings regional Governors to its Washington, D.C. headquarters to consider policy options to speed up growth and reduce poverty The Governors of the Inter-American Development Bank’s (IDB), Central American Isthmus and the Dominican Republic held their 33rd Annual Meeting to discuss options to achieve higher growth rates and foster productive activities in the years to come. The region grew 3.8 percent in 2018, way above the 1.1 percent average for Latin America and the Caribbean as a whole. In addition, it is expected to grow 4.2 percent in 2019.

Modernization hydroelectric plant, productive and tourism competitiveness of Salto Grande

November 28, 2018
IDB approved two integration operations that will benefit Argentina and Uruguay The Inter-American Development Bank (IDB) has approved two financing packages worth a total of $130 million in support of a program to modernize the Argentine-Uruguayan binational hydroelectric power plant in Salto Grande and a program to boost the competitiveness of the productive and tourism sectors of that region, made up of the departments of Concordia and Federacion in the Argentine province of Entre Ríos and Salto departm

Dominican Republic to boost energy efficiency with IDB loan

November 01, 2018
The $400 million program will facilitate adoption and implementation of sectorial reforms and policies needed to make the country’s electricity sector financially sustainable and operationally efficient The goals of the plan include strengthening the electricity sector’s institutional and supervisory capital and enhancing sectorial planning and regulation. At the same time, the loan will help support better management and operations at electricity distribution companies.

Bolivia to enhance electricity infrastructure with IDB support

October 25, 2018
$78 million loan will also help reduce carbon emissions The loan will help Bolivia boost its power service coverage, improve its energy matrix’s sustainability, reduce carbon emissions, and contribute to the goal of ensuring universal access to electricity throughout the country.

Multilateral banks reaffirm pledge to support resilient, sustainable infrastructure

October 13, 2018
IDB President Luis Alberto Moreno participates in the opening session BALI, Indonesia - The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable.

IDB approves $51.6 million loan to boost electricity sector in Bolivia

September 20, 2018
The program is the first of two operations under the Programmatic Policy-Based Lending modality which will help improve the sustainability of the electricity sector in Bolivia The Inter-American Development Bank (IDB) has approved a $51.6 million loan for Bolivia which will strengthen sustainable development of the electricity sector, including the promotion of renewable energies such as geothermal, solar and wind power.

IDB launches report detailing steps to help avoid social conflicts

September 10, 2018
A new report by the Inter-American Development Bank (IDB) identifies ten key elements that can help projects improve their sustainability and reduce potential social conflicts, from proper community engagement and legal foundations to adequate monitoring of results.

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.