September 24, 2018
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety
December 11, 2017
Paris — The Inter-American Development Bank Group (IDB Group) announced its support for the newly formed Caribbean Climate-Smart Coalition, a public-private initiative aimed at funding an $8 billion investment plan to transform the region into the world’s first “climate-smart” zone and benefit an estimated 3.2 million households in the region.
September 29, 2017
The IDB has approved a $65 million loan to help Nicaragua strengthen a framework that guarantees financial and operational sustainability of its electricity sector. The program will support macroeconomic stability, ensure the sector’s financial soundness, improve transparency of its management results, and promote a sustainable energy matrix.
August 09, 2017
IDB to finance specialized studies as well as investment and action plans for regional initiatives, with particular emphasis on the Pacific Corridor
June 15, 2017
The Inter-American Investment Corporation (IIC) has signed a $5 million loan facility with Constructora Santa Fe Ltda to finance the working capital required by the company to participate in tenders for highway projects, initial stages of operations and other pre-operating expenses in Nicaragua and Costa Rica.
Lowering fiscal and external vulnerability the key to promoting growth in Central America and the Dominican Republic
February 09, 2017
Regional IDB Governors meet in Washington to analyze economic prospects for 2017 The modest recovery in the United States and continuing favorable financial conditions in 2017 will also represent sources of economic stimulus throughout the year for the countries of Central America and the Dominican Republic, which will translate into growth of around 3.9 percent in 2017. Internal financial and monetary reforms should ensure price stability and the health of the banking system.
IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador
October 15, 2016
Habitat, the main global conference on Housing and Sustainable Urban Development, is being held for the first time in Latin America The Inter-American Development Bank (IDB) will have a strong presence in the Habitat III Conference to be held in Quito, Ecuador, Oct. 17-20, 2016.
Nicaragua to develop geothermal energy potential, improve power transmission system with IDB support
September 09, 2016
Nicaragua will enhance its renewable energy generation capacity and improve its power transmission system under a $103.4 million project with financing from the Inter-American Development Bank (IDB). In 2015, 50.6 percent of the country’s energy generation came from renewable sources, of which 30% was geothermal. Nicaragua’s estimated geothermal potential is 1,500 MW, of which only 10 percent have been developed. Meanwhile, energy demand has been on the rise in recent years, growing 2.6 percent in 2014 and 4.6 percent in 2015.
JICA and the IDB to Fund Energy and Infrastructure, Expanding their Co-financing Arrangement to $3 Billion
April 09, 2016
Regional Program Will Triple Current Target and Extend Its Reach throughout the Americas NASSAU, Bahamas - Through a new agreement with the Inter-American Development Bank (IDB), the Japan International Cooperation Agency (JICA) will invest a total of $3 billion in Latin America and the Caribbean to support renewable energy and energy efficiency projects, as well as quality infrastructure projects related to energy savings.
June 24, 2015
The Inter-American Development Bank (IDB) approved a loan of $65 million to support the strengthening of the energy sector in Nicaragua through measures focused on improving the financial and operational sustainability of the sector.