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

IDB Group and UK approve innovative £177 million financing program for sustainable infrastructure

November 14, 2017
Bonn, Germany— The Inter-American Development Bank Group, principally through its private-sector arm IDB Invest, and the Department for Business, Energy and Industrial Strategy of the UK (BEIS) announced today they are partnering to create the UK Sustainable Infrastructure Program (SIP).

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

IIC finances Solem solar photovoltaic plant in Mexico

August 09, 2017
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has signed a US$75 million loan package to finance the Solem PV project, which consists of the design, construction and operation of two adjoining solar PV plants with a combined installed capacity of 350 MWp. The project is sponsored by Cubico Sustainable Investments Limited and Alten R.E. Developments America B.V. in the State of Aguascalientes, Mexico.

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.

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.

IDB supports energy efficiency green bonds

November 24, 2015
Financing package of up to $450 million to underwrite energy efficiency projects will also receive funding from Green Climate Fund The Inter-American Development Bank (IDB) has approved financing to establish a regional Energy Efficiency Green Bond Facility. The program was selected to receive up to $217 million in additional funding as one of eight projects worldwide in the first round of allocations announced by the Green Climate Fund (GCF) on November 6.

Key emerging markets attract record $126 billion in clean energy investment

November 23, 2015
Latest Climatescope study from the Inter-American Development Bank’s Multilateral Investment Fund and Bloomberg New Energy Finance shows 2014 clean energy activity mainly occurred in developing countries, led by China, Brazil and Chile

IDB supports innovative roadway lighting project in Ensenada, Mexico

November 10, 2015
Financing will support climate change mitigation in the public lighting sector of Mexico The Inter-American Development Bank (IDB) has closed the financing of a 25,000 luminaire municipal LED street lighting project for the Municipality of Ensenada, Mexico. The $16 million debt financing will enable Optima Energía, a Mexican energy service company (ESCO), to replace older, less efficient lighting technology with the high efficiency LED luminaires.

IDB supports improvements to Mexico’s largest port

October 27, 2015
Expansion of Port of Manzanillo will increase capacity and shorten delivery times The Inter-American Development Bank (IDB) has closed a $117.5 million A/B loan to International Container Terminal Services Inc. (ICTSI) to help modernize and expand the port of Manzanillo, Mexico’s largest, helping the country boost its competitiveness through increased international trade and lower transportation costs.