Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

Monday, September 24, 2018 - 15:05
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

Caribbean leaders launch plan to make region a “climate-smart zone,” with IDB support

Monday, December 11, 2017 - 19:00
Paris — The Inter-American Development Bank Group (IDB Group) announced its support for the newly formed Caribbean Climate-Smart Coalition, a public-private initiative aimed at funding an $8 billion investment plan to transform the region into the world’s first “climate-smart” zone and benefit an estimated 3.2 million households in the region.

IDB promotes Mesoamerica’s transportation, logistics and integration agenda

Wednesday, August 9, 2017 - 03:00
IDB to finance specialized studies as well as investment and action plans for regional initiatives, with particular emphasis on the Pacific Corridor

Lowering fiscal and external vulnerability the key to promoting growth in Central America and the Dominican Republic

Thursday, February 9, 2017 - 03:00
Regional IDB Governors meet in Washington to analyze economic prospects for 2017 The modest recovery in the United States and continuing favorable financial conditions in 2017 will also represent sources of economic stimulus throughout the year for the countries of Central America and the Dominican Republic, which will translate into growth of around 3.9 percent in 2017. Internal financial and monetary reforms should ensure price stability and the health of the banking system.

IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador

Saturday, October 15, 2016 - 03:00
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

Saturday, April 9, 2016 - 03:00
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 approves financing for modernizing Costa Rica's border crossings

Wednesday, June 17, 2015 - 16:14
$100 million loan will increase the competitiveness of the country's foreign trade The Inter-American Development Bank (IDB) has approved a $100 million loan to the Costa Rican government to finance its Border Integration Program.

IDB, JICA to promote renewable energy and energy efficiency in Central America and the Caribbean

Saturday, March 29, 2014 - 03:00
JICA to provide concessional loans up to $1 billion Co-financing agreement promotes investments in renewable energy and energy efficiency to mitigate negative impacts of climate change through 2017 COSTA DO SAUÍPE, Brazil – The Inter-American Development Bank (IDB) and the Japan International Cooperation Agency (JICA) signed an amendment to a 2011 Memorandum of Understanding and a 2012 Framework Agreement to support renewable en

More than 4,000 children receive training in road safety in Costa Rica

Thursday, March 27, 2014 - 03:00
Costa Rican government pilot project supported by the IDB, Sesame Workshop, FIA Foundation, Road Safety Fund and COSEVI SAN JOSE, Costa Rica – With the support of an international alliance, the government of Costa Rica today launched a pilot project to educate more than 4,000 children on the importance of road safety.

Costa Rica to improve its road and port infrastructure with IDB support

Wednesday, November 20, 2013 - 03:00
$450 million loan aims to help reduce vehicle operating costs, shorten travel times for passengers and goods, and improve road and port safety