IDB Group launches Open Innovation Challenge to reduce plastic use

September 26, 2019
Washington, D.C. — The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD.

Costa Rica to improve roads and ease traffic flow with IDB support

September 26, 2019
A line of credit of $350 million will finance investments in the Greater Metropolitan Area of Costa Rica so as to improve urban transport  The Inter-American Development Bank (IDB) will offer Costa Rica a long-term line of financing for investment in sustainable projects to improve and expand parts of its Strategic Road Network, specifically to enhance development and the flow of traffic in the Greater Metropolitan Area (GAM). 

IDB announces winner of the 2019 Superheroes of Development Award

September 16, 2019
The winning IDB-financed project developed a new solution to monitor public infrastructure works and to empower citizens to evaluate the use of public resources in Honduras. WASHINGTON D.C., September 12, 2019. The Inter-American Development Bank (IDB) announced the winner of the Superheroes of Development contest, an award given to executing agencies that have successfully implemented innovative solutions in projects financed by the IDB.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

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

Pilot program uses blockchain to improve youth employment in Costa Rica

September 20, 2018
The Innovation Lab of the IDB Group (MIF), the Monge Foundation, and BanQu, a for-purpose blockchain as-a-service company, have joined forces to launch a pilot program aimed at improving Costa Rican youth employment outcomes.  This new pilot seeks to provide Costa Rican youth with secure and immutable records of certificate completion from school, internships, and employment using blockchain technology.

IDB report underscores social benefits of sports for development but warns against program design flaws

May 25, 2018
Latin American and Caribbean region lags in sports spending, activity levels Latin American and Caribbean region could get a development boost from sports activities that improve the region’s social and health benefits, provided the programs are properly designed and monitored, according to a report by the Inter-American Development Bank.

Caribbean leaders launch plan to make region a “climate-smart zone,” with IDB support

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.

IDB promotes Mesoamerica’s transportation, logistics and integration agenda

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

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.