Honduras tackles COVID-19 and ensure stability with IDB support

July 09, 2020
Honduras will ensure the sustainability of its public finances, increase social spending on the COVID-19 crisis and protect its monetary and financial stability with a $76.2 million loan from the Inter-American Development Bank (IDB).   The budgetary support loan will help finance efforts to contain the pandemic, mitigate its effect on poor households, and promote counter-cyclical policies that will ease the crisis' short-term effect on the economy. 
2020-07-09

The IDB & The GovLab launch Smarter Crowdsourcing in the Age of Coronavirus

July 07, 2020
The Smarter Crowdsourcing initiative brings together a network of public leaders and global experts to address the challenges of managing a pandemic in Latin America and the Caribbean. Brooklyn, NY – The Inter-American Development Bank (IDB) together with The Governance Lab (The GovLab) at New York University Tandon School of Engineering, today launched “Smarter Crowdsourcing in the Age of Coronavirus.” This rapid policy advising initiative convenes pu
2020-07-07

Panama receives IDB support to contain the sanitary crisis and its macroeconomic impact

June 22, 2020
The Inter-American Development Bank (IDB) has approved a $400 million operation to help finance Panama’s efforts to contain the sanitary crisis, mitigate its impact on vulnerable households, and promote policies to reduce the pandemic’s short-term effects on the economy.
2020-06-22

Costa Rica confronts pandemic and safeguards macroeconomic stability with IDB support

June 22, 2020
Costa Rica will receive a $250 million loan from the Inter-American Development Bank (IDB) to finance its efforts to contain the COVID-19 sanitary crisis and mitigate its impacts on the economy. The budget-support, fast disbursement loan is in line with a rapid financial assistance (RFI) arrangement approved in April by the International Monetary Fund to help tackle the COVID-19 emergency and its effects on the country’s economy.
2020-06-22

IDB Lab launches innovation challenge to revitalize tourism sector in 15 countries

June 16, 2020
Selected projects may receive up to US$500,000 in grants and up to US$2 million in loans
2020-06-16

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

IDB Group announces priority support areas for countries affected by COVID-19

March 26, 2020
The Group will finance a response to the public health emergency; safety nets for vulnerable populations; economic productivity and employment; and fiscal policies to ameliorate economic impacts. The Inter-American Development Bank and IDB Invest have outlined their focus for deploying the financial and technical resources made available to borrowing member countries and companies to address the crisis created by COVID-19, the disease caused by the coronavirus.
2020-03-26

IDB-OECD study calls for better governance, integrity in Latin America and Caribbean

March 18, 2020
Latin America and the Caribbean (LAC) need to strengthen governance and integrity mechanisms to improve the quality and implementation of public policies, reduce corruption and increase public trust in government, according to the third edition of Government at a Glance: Latin America and the Caribbean 2020.
2020-03-18

Costa Rica advances with its National Decarbonization Plan with IDB support

March 12, 2020
A US$230 million loan will allow the implementation of policy reforms that support the development of this sustainable development strategy. Costa Rica is making progress in its transition to a modern, resilient, inclusive and net-zero emission economy by 2050 as outlined in its National Decarbonization Plan, thanks to a US$230 million loan approved by the Inter-American Development Bank (IDB).
2020-03-12

IDB seeks to renew Central America development agenda for the next decade

February 20, 2020
The 34th meeting of governors of Central American and the Dominican Republic, to be held in El Salvador, will debate the region's new development challenges and how to address them Governors of Inter-American Development Bank member countries from Central America and the Dominican Republic will gather February 21-22 in San Salvador, the capital of El Salvador, for their 34th annual meeting to address the challenges that the region faces in this new decade.
2020-02-20