IDB approves loan to address the COVID-19 pandemic in El Salvador

May 28, 2020
A budget support loan of $250 million will help finance the country's efforts to tackle the health and economic effects of the COVID-19 pandemic The Inter-American Development Bank (IDB) approved a loan of $250 million for El Salvador, under the Special Financing for Development modality, which will be used to finance measures to contain the health crisis, mitigate its impact on vulnerable households, and promoting countercyclical policies that reduc
2020-05-28

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

Wikimedia Foundation joins coalition to promote transversal skills for the 21st century

May 26, 2020
Washington, D.C. – The Wikimedia Foundation, the nonprofit that operates Wikipedia, has joined the Inter-American Development Bank's (IDB) Coalition for Transversal Skills in the 21st Century, centered on ensuring inclusion, equity, and quality education in Latin American and Caribbean countries.
2020-05-26

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

Paraguay will strengthen public policy and fiscal management to tackle COVID-19

May 18, 2020
A $210 million loan from the IDB and KIF will address public health and economic impact caused by the pandemic  The Inter-American Development Bank (IDB) approved today a loan for Paraguay to strengthen the efficiency and effectiveness of its public policy and fiscal management to address the public health and economic crises triggered by COVID-19.
2020-05-18

Latin America and Caribbean: Tax revenue under threat amid deteriorating regional outlook

May 07, 2020
Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis.
2020-05-07

Business leaders unveil recommendations to face COVID-19

April 30, 2020
The Americas Business Dialogue (ABD), a mechanism for advancing a public-private dialogue on public policies, today released a series of recommendations that seek to support the governments of the hemisphere in their health and economic response to the emergency of COVID-19. The 17 measures proposed by ABD can be found in the document Policy Recommendations on Addressing the Coronavirus Disease (COVID-19) Pandemic and Mitigating Its Impacts.
2020-04-30

IDB disburses $25.3 million to support Ecuador’s COVID-19 response

April 16, 2020
Funds will increase capacity of national healthcare system, with focus on hard-hit Guayas province  The Inter-American Development Bank (IDB) has disbursed approximately $25.3 million to the government of Ecuador to strengthen its healthcare services and help meet the medical needs of individuals affected by COVID-19, the disease caused by the novel coronavirus. The funds will be used primarily to prepare intensive-care-unit beds in 28 hospitals and provide protective gear for medical staff in Guayas province.
2020-04-16

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

IDB report proposes economic policies to help countries overcome sharp contraction

April 09, 2020
The 2020 Latin American and Caribbean Macroeconomic Report analyzes growth scenarios amid coronavirus pandemic Latin America and the Caribbean will see sharp growth reductions of between 1.8 percent and 5.5 percent of GDP in 2020 due to the impact of the coronavirus pandemic.
2020-04-09