IDB report envisions devastating tourism shocks to Latin America and the Caribbean

July 01, 2020
GDP declines relative to pre-crisis baseline scenarios of up to 19 percent. The study is also included in the new book from the Center for Economic Policy Research (CEPR) Latin America and the Caribbean will suffer an unprecedented economic shock from a sharp downturn in tourism, according to a new paper by the Inter-American Development Bank.
2020-07-01

IDB: COVID-19 Exposes Inadequate Support for Older People

June 12, 2020
Study shows that 8 million people over age 60 in Latin America and the Caribbean depend on long-term care.  “Age with Care” provides recommendations for building strong long-term care systems.
2020-06-12

IDB study explores tech opportunities for the Central American economy

June 12, 2020
Areas of study are greater efficiency in spending and public services, the tax-raising potential of the digital economy, and maximizing the benefits of remittances Using technology can help in major economic sectors hit by the COVID-19 pandemic, such as remittances and public finances. As remittances decline, technology applied to international money transfers can generate efficiencies that help maximize the amount of money reaching recipients.
2020-06-12

COVID-19 exacerbates drop in exports from Latin America

June 03, 2020
The drop in the value of the region's exports is estimated to be around 30 percent year-on-year in April The value of exports from Latin America contracted by 3.2 percent in the first quarter of 2020 compared to the same period in 2019, according to a new report by the Inter-American Development Bank that analyzes the trade performance of 15 countries in the region.
2020-06-03

The IDB and the Government of Sweden Launch Innovative Portfolio Guarantee in Guatemala

May 27, 2020
The Inter-American Development Bank (IDB) and the Government of Sweden have signed an agreement that establishes an innovative risk transfer mechanism to support development in Latin America and the Caribbean (LAC). The instrument will provide a Guarantee of up to $100 million from Sweden, enabling the IDB to increase lending up to $300 million for new projects in Bolivia, Colombia, and Guatemala.
2020-05-27

IDB Renews its Commitment to Support Migrant Host Countries

May 26, 2020
IDB pledges the availability of US$85 million in grants and expects to leverage US$1.1 billion in investment loans from 2020 and beyond The Inter-American Development Bank announced today that it has renewed its commitment to support Latin American and Caribbean migrants and their host communities amid the COVID-19 pandemic.
2020-05-26

IDB and IOM to Address Migration Challenges through New Partnership

May 13, 2020
The Inter-American Development Bank (IDB) and the International Organization for Migration (IOM) have signed a memorandum of understanding to maximize cooperation and jointly promote orderly, regular, and safe migration as an enabler of sustainable development and inclusive growth in Latin America and the Caribbean (LAC).
2020-05-13

Latin American countries discuss new migration challenges amid COVID-19

April 28, 2020
The virtual event held by the Inter-American Development Bank engaged with several immigration host countries.
2020-04-28

IDB launches interactive map of suppliers to respond to the COVID-19 emergency

April 28, 2020
The Inter-American Development Bank, through the ConnectAmericas business platform, launched today an interactive map that allows users to quickly locate and find suppliers of goods and services in Latin America and the Caribbean, and the rest of the world, to face the pandemic of COVID-19.
2020-04-28

IDB approves more funding for Central America and the Dominican Republic to fight COVID-19

April 17, 2020
Initially planned funding of US$1.1 billion surges to US$2.8 billion to confront the coronavirus crisis The Inter-American Development Bank (IDB) has made available to the countries of Central America and the Dominican Republic nearly US$1.7 billion in additional funding for 2020 to confront the COVID-19 pandemic.
2020-04-17