IDB Lab, CIAT and SoftBank partner to promote smart rice farming in Colombia

October 28, 2019
The Inter-American Development Bank, through its innovation lab – IDB Lab, approved US$2 million funding for a project that will improve the productivity and sustainability of rice farming in Colombia The project, led by the International Center for Tropical Agriculture (CIAT), will implement a new technological solution called “e-kakashi,” a service that combines internet of things (IoT), big data, artificial intelligence (AI) and cyber physical systems (CPS) to transform agriculture into a real-time, data-driven science.

IDB study diagnoses investment promotion agencies in Latin America

October 25, 2019
Resources, presence overseas and the level of targeting of Investment Promotion Agencies (IPAs) contribute considerably to attracting greater volumes of foreign direct investment and to bringing multinational companies to their respective countries, according to a study by the Inter-American Development Bank.

Study analyzes challenges faced by Central America as it seeks sustainable development

July 19, 2019
A new publication uses analysis of trade, investment, migration, the financial sector, raw materials, and natural resources to propose policy options The Inter-American Development Bank and the Latin American Center for Competitiveness and Sustainable Development (CLACDS) of INCAE Business School have presented in San Jose, Costa Rica, a book entitled “The Future of Central America: Challenges for Sustainable Development”,  w

First quarter exports from Latin American and Caribbean fall: IDB report

June 18, 2019
The value of exports from Latin American and the Caribbean fell by 1.6 percent in the first quarter of 2019 compared to the same period in 2018. The decrease was caused by lower export volumes and falling commodity prices.

IDB highlights strengths of Central America in the face of external economic challenges

April 03, 2019
Two new studies on the region examine the current economic landscape and the work that the IDB Group has carried out over the last year. The economy of Central America and the Dominican Republic has continued to grow over the past year, although at significantly different rates depending on the country. For 2018, growth is estimated at 3.8 percent, a level similar to that of 2017, thanks to a robust economic performance by the region´s main trading partner, the United States.

Quality expenditure and digitalization, priorities for Central America, Dominican Republic

February 15, 2019
The IDB brings regional Governors to its Washington, D.C. headquarters to consider policy options to speed up growth and reduce poverty The Governors of the Inter-American Development Bank’s (IDB), Central American Isthmus and the Dominican Republic held their 33rd Annual Meeting to discuss options to achieve higher growth rates and foster productive activities in the years to come. The region grew 3.8 percent in 2018, way above the 1.1 percent average for Latin America and the Caribbean as a whole. In addition, it is expected to grow 4.2 percent in 2019.

Latin American and Caribbean exports rise but at a slower rate

January 10, 2019
Exports from Latin America and the Caribbean hit their highest level in six years thanks to a 9.9 percent increase in 2018, albeit amid growing downside risks in the future, according to a new report by the Inter-American Development Bank. The region exported $1.08 trillion last year. While this is the highest level since record exports in 2012, the rise fell short of the 12.2 percent growth rate for 2017. The region’s performance also lagged a worldwide trade increase of 11.6 percent for the Jan-Sept period (compared to the same period the previous year).

Declining Export Competitiveness: Latin America Urgently Needs a Quality Leap

November 14, 2018
BUENOS AIRES—In the first quarter of 2018, the value of exports from Latin America and the Caribbean grew at a year-on-year rate of 9.7 percent in comparison with the same period in 2017, according to a new report from the Inter-American Development Bank (IDB). However, this growth has come amid signs that the region is becoming less competitive amid rising economic risks and global trade tensions.

Global Alliance to Promote the Use of Blockchain in Latin America and the Caribbean

October 30, 2018
Representatives of the IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, together with representatives of the world's leading technology and consulting companies, announced today the launch of LAC-Chain, a new alliance to promote the use of blockchain in Latin America and the Caribbean. The presentation of this new alliance took place at the FOROMIC 2018 conference, which is being held this year in Barranquilla, Colombia.

Multilateral banks reaffirm pledge to support resilient, sustainable infrastructure

October 13, 2018
IDB President Luis Alberto Moreno participates in the opening session BALI, Indonesia - The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable.