Artificial intelligence to boost Latin American and Caribbean economies: IDB study

Wednesday, August 29, 2018 - 11:43
Study also urges governments to anticipate consequences of artificial intelligence in labor markets BUENOS AIRES – Artificial intelligence can facilitate trade negotiations and add one additional percentage point of growth to Latin American and the Caribbean economies, according to a study by the Inter-American Development Bank (IDB).

Scholars stress great integration potential between India and Latin America

Tuesday, July 27, 2010 - 03:00
The Inter-American Development Bank (IDB) unveiled today a new study calling for India and Latin America to foster closer economic ties in order to tap into  “massive” trade and investment opportunities between these two distant partners.

IDB: It is imperative that trade continues to flow in the region to mitigate crisis

Thursday, May 7, 2009 - 03:00
MONTEGO BAY, Jamaica – IDB President Luis Alberto Moreno and Director-General of the World Trade Organization Pascal Lamy warned against protectionism at the Second Regional Review on Aid for Trade (AfT) for Latin America and the Caribbean. “The integration of our hemisphere has proven to be one of the most powerful engines of economic growth and human and social development,” said Moreno during the opening session of the AfT conference being held today and tomorrow in Montego Bay, Jamaica.

IDB welcomes Banco Agrícola as issuing and confirming Bank under its Trade Finance Facilitation Program (TFFP)

Monday, April 6, 2009 - 03:00
The Inter-American Development Bank (IDB) announced today that Banco Agrícola of El Salvador joined the IDB’s Trade Finance Facilitation Program (TFFP). Under the TFFP, the IDB extends guarantees to cover letters of credit, promissory notes, bid bonds, performance bonds, advance payment bonds and other instruments used in international trade transactions. The TFFP can help Banco Agrícola to further increase its trade finance business and to take advantage of the TFFP’s countercyclical effects during times of volatility in trade finance flows. TFFP

IDB Annual Meeting concludes with countries vowing action on crisis

Tuesday, March 31, 2009 - 03:00
Governments approve kicking off process to review IDB capital levels. Seminars, dialogues, exhibitions and debates mark IDB’s 50-year anniversary.MEDELLÍN, Colombia – For nearly a week ending today, this picturesque and thriving city transformed itself into the economic epicenter of Latin America and the Caribbean.

IDB Annual Meeting agenda highlights - March 30

Monday, March 30, 2009 - 03:00
Second and last day of official sessions of the Annual Meeting of the Board of Governors of the Inter-American Development Bank, at the Plaza Mayor Convention Center. Representatives of the 48 member-countries are discussing during the two-day meeting the economic situation of Latin America and the Caribbean and ways the IDB can increase support to the region. In the evening, after the closing session, a socio-cultural event with artist Carlinhos Brown will take place at the Metropolitan Theater. 9:00 a.m. - 1:00 p.m.

IDB to start reviews for capital increases, boosting financing in short-term

Monday, March 30, 2009 - 03:00
MEDELLÍN, Colombia – The Board of Governors of the Inter-American Development Bank (IDB) today instructed the Bank’s management to “start immediately” to review the need for an increase in its ordinary capital, which currently stands at $101 billion, and a replenishment of its concessional lending window, the Fund for Special Operations.

IDB meeting ends amid concern over global economic crisis

Monday, March 30, 2009 - 03:00
MEDELLÍN, Colombia – The Inter-American Development Bank today closed the 50th annual meeting of its Board of Governors, starting a review process for a capital increase in light of the challenges posed by the global economic crisis on Latin America and the Caribbean. The Board of Governors, the Bank’s top policy-making body, brings together representatives from the 48 member countries of the IDB, the leading source of long-term lending for this region.

IDB Annual Meeting agenda highlights - March 29

Sunday, March 29, 2009 - 03:00
Annual Meeting of the Board of Governors of the Inter-American Development Bank begins today. U.S. Treasury Secretary Timothy Geithner and IDB President Luis Alberto Moreno will speak during the inaugural session. Representatives of the 48 member-countries will discuss during the two-day meeting the economic situation of Latin America and the Caribbean and ways the IDB can increase support to the region.  9:00 a.m. – 1:00 p.m. Informal meeting of the Board of Governors. (This event is closed to the public) 2:00 p.m. – 2:30 p.m.

Prepared Statement by Treasury Secretary Tim Geithner at the Inter-American Development Bank’s Annual Meeting of the Boards of Governors

Sunday, March 29, 2009 - 03:00
FOR IMMEDIATE RELEASE: March 29, 2009                  CONTACT: Treasury Public Affairs (202) 622-2960 Medellin, Colombia -- President Moreno, ministers, ladies and gentlemen, I am delighted to be able to join you today.  I would like to thank the Government of Colombia for hosting this important meeting in this historic city of Medellin.  We meet at a critical time, for this hemisphere, for the global economy, and for the Inter-American Development Bank.