Artificial intelligence to boost Latin American and Caribbean economies: IDB study

Wednesday, August 29, 2018 - 11:43
Study also urges governments to anticipate consequences of artificial intelligence in labor markets BUENOS AIRES – Artificial intelligence can facilitate trade negotiations and add one additional percentage point of growth to Latin American and the Caribbean economies, according to a study by the Inter-American Development Bank (IDB).

IDB Announces Settlement in Connection with Prohibited Practices

Tuesday, August 21, 2018 - 10:18
The Inter-American Development Bank (IDB) today announced the debarment of GL Systems LLC (“GL Systems”), an American company, for four years in connection with allegations of prohibited practices in three IDB-financed activities: (i) the Program for the Modernization of Customs, Excise and VAT Areas in Barbados, (ii) the Barbados Competitiveness Program, and (iii) an IDB corporate procurement contract.

IDB supports Colombia’s efforts to fight and prevent corruption

Monday, December 11, 2017 - 19:00
Colombia will strengthen public surveillance and promote its institutions’ transparency and integration by boosting up the effectiveness of the Public Prosecutor's Office (PGN, after its Spanish initials) with help from a $40 million loan from the Inter-American Development Bank (IDB).

IDB Launches $3 Billion 5-Year Fixed Rate Global

Wednesday, September 13, 2017 - 03:00
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $3 billion 5-year global bond. The transaction pays a semi-annual coupon of 1.750 percent and matures on September 14, 2022. Priced with a spread of +20.35 basis points over the UST 1.625 percent August 2022, this represents a yield of 1.824 percent s.a.

Colombia pushes forward financial system reforms with $450 million IDB loan

Wednesday, June 7, 2017 - 03:00
The Inter-American Development Bank (IDB) has approved the second phase of an operation to support financial system reforms aimed at boosting up Colombia's economic growth. The loan is for $450 million.

IDB supports Ecuador in rebuilding electricity infrastructure damaged by earthquake

Wednesday, January 25, 2017 - 03:00
The Inter-American Development Bank (IDB) will help Ecuador with a $60 million loan to rebuild electrical infrastructure in areas hit by an earthquake last April, through the incorporation of quake-resistant features in the provinces of Esmeraldas, Manabí and Santo Domingo. The specific goals of the project are to restore the supply of electricity through the sub-transmission systems of the utility companies affected by the quake and facilitate reliable supply of electricity to final users through the implementation of electrical distribution projects.

Paraguay to finance construction and access to housing with IDB support

Wednesday, December 7, 2016 - 17:37
Plan will broaden housing loans for the emerging middle class and finance developers of multi-family projects Paraguay will facilitate financing for construction and access to housing with the help of a $30 million loan approved by the Inter-American Development Bank (IDB).

IDB supports justice reform in Guatemala to fight impunity

Wednesday, December 7, 2016 - 03:00
A $60 million loan requested by the government of Guatemala and approved by the Inter-American Development Bank (IDB) will help the Attorney General's office fight impunity.

Chile launches first “Gender Parity Initiative” with Inter-American Development Bank and World Economic Forum support

Tuesday, December 6, 2016 - 03:00
First country in the region to announce a public-private partnership with concrete steps to close the economic gender gap President Michelle Bachelet today launched Chile’s first Gender Parity Initiative. Promoted by the Inter-American Development Bank (IDB) and the World Economic Forum (WEF), this initiative will be the first in the world to include concrete actions for both the public and private sectors.

Better management of tight budgets could help Latin American and Caribbean governments to raise living standards - OECD/IDB

Tuesday, December 6, 2016 - 03:00
SANTIAGO, Chile – Governments in Latin America will need to improve public sector management and capacity – including budget allocation – to compensate for the pressure on public finances from sliding commodity prices, according to a new report by the OECD and Inter-American Development Bank covering more than 15 countries in the region.