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

IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1bn of investments

Thursday, August 9, 2018 - 10:23
Backed by 26 Caribbean governments and the private sector, the Accelerator will fast-track investments which support climate action and economic growth    The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.

Bogota to improve public transportation system with IDB financial support

Wednesday, August 1, 2018 - 17:57
The Inter-American Development Bank (IDB) has approved a $600 million conditional credit line for investment projects that includes a $70 million loan to build Bogota’s First Metro Liner (PLMB, after its Spanish initials) – Segment 1.

Colombia to improve sustainable energy system with IDB support

Thursday, November 30, 2017 - 19:00
A $300 million loan will boost power supply safety and efficiency and promote the use of clean energy sources, benefiting users throughout the country  Colombia will enhance its energy sector’s sustainability and efficiency with a $300 million loan approved by the Inter-American Development Bank (IDB). 

Brazil’s Santa Catarina State will improve productivity and reliability of electricity supply with IDB support

Thursday, November 23, 2017 - 19:00
The Inter-American Development Bank (IDB) has approved a multiple-works investment loan in the amount of US$276.05 million to Centrais Elétricas de Santa Catarina–Distribuição S.A. (CELESC-D), the electric power distribution utility serving Brazil’s state of Santa Catarina. The program’s overall objective is to help boost productivity throughout the state of Santa Catarina by providing a higher quality and more reliable supply of electric power.

IDB Group and UK approve innovative £177 million financing program for sustainable infrastructure

Tuesday, November 14, 2017 - 06:09
Bonn, Germany— The Inter-American Development Bank Group, principally through its private-sector arm IDB Invest, and the Department for Business, Energy and Industrial Strategy of the UK (BEIS) announced today they are partnering to create the UK Sustainable Infrastructure Program (SIP).

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.

IDB supports improvements in the management of electricity demand in Colombia’s Caribbean coast

Friday, September 30, 2016 - 11:47
The Inter-American Development Bank (IDB) approved a loan in the amount of US$10 million to improve energy efficiency and to manage electricity demand more effectively in the Archipelago of San Andrés, Providencia and Santa Catalina. This archipelago, located northwest of the Caribbean coast of Colombia, is one of the areas not connected to the country's electrical grid.

The IIC funds Eastern Perimeter Highway in Cundinamarca, Colombia

Thursday, September 22, 2016 - 03:00
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB), made the first disbursement of a US$156 million loan to Perimetral Oriental de Bogotá S.A. The project, developed under a public-private partnership (PPP), will improve connectivity and road safety in the departments of Meta, Cundinamarca and Boyaca.

Colombia to boost public-private partnerships with IDB’s support

Monday, June 27, 2016 - 03:00
$400 million loan will help increase private participation in infrastructure projects and improve country’s competitiveness The Inter-American Development Bank (IDB) has approved a $400 million policy-based loan (PBL) for Colombia aimed at fostering private investments in infrastructure management and supply, improving the country’s competitiveness and stimulating economic growth.