Reducing Trade Costs Could Increase commerce with Asia by US$69 billion: IDB Report

December 09, 2019
Exports from Latin America and the Caribbean to Asia could grow 27 percent in the medium term if trade costs associated with tariffs, transportation, and logistics are reduced, according to a new report from the Inter-American Development Bank.

Mexico invests in agricultural, inclusive and sustainable development with IDB support

December 05, 2019
The National Financial for Agricultural, Rural, Forestry and Fisheries Development will promote technological innovation projects with an impact on productivity and environmental sustainability, facilitating access to financing for the country's small and medium production units The Inter-American Development Bank (IDB) approved a conditional credit line for investment projects (CCLIP) and a first program under this credit line, in order to increase the productivity of the agricultural sector, rural financial inclusion an

IDB report sheds light on economic benefits of achieving net-zero emissions by 2050

December 04, 2019
The Inter-American Development Bank (IDB) launched its flagship report, Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean, on the sidelines of the UN Climate Change Conference (COP25) under the Chilean presidency currently underway in Madrid, Spain.

The Government of France becomes founding donor of the IDB´s Natural Capital Lab

December 02, 2019
The Government of the France will contribute €24 million to the Natural Capital Lab of the Inter-American Development Bank, becoming its founding donor. France´s Secretary of State to the Minister for the Ecological and Inclusive Transition, Brune Poirson, and IDB President Luis Alberto Moreno today signed the establishment of the initiative on the sidelines of Chile COP25 in Madrid, Spain.

Damages and other impacts on Bahamas by Hurricane Dorian estimated at $3.4 billion: report

November 15, 2019
GREAT ABACO, The Bahamas – A new report estimates the total cost of the impacts and effects of Hurricane Dorian on The Bahamas at $3.4 billion, with hundreds dead or missing and impacts on the economy that will last for years.

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 announces innovative solution to address ocean plastic pollution in Haiti

October 07, 2019
IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, will support Environmental Cleaning Solutions S.A. (ECSSA) capacity to recycle plastic in Haiti.   Haiti is considered one of the countries with the greatest risk of plastic entering the ocean.  The country generates a large volume of plastic waste in urban areas due to high consumption of treated water, soft drinks, and take away meals sold in plastic containers. 

Public and private-sector leaders highlight IDB’s role in transforming the region

September 27, 2019
The IDB invited leaders from across the region to celebrate its 60th anniversary Washington, D.C. -- The Inter-American Development Bank (IDB) today concluded its official 60th anniversary celebration with a “Voices for Development” seminar, where leaders discussed the importance of women’s empowerment, sustainable infrastructure and the challenges that the digital revolution represents for institutions.

IDB Group launches Open Innovation Challenge to reduce plastic use

September 26, 2019
Washington, D.C. — The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD.

Costa Rica to improve roads and ease traffic flow with IDB support

September 26, 2019
A line of credit of $350 million will finance investments in the Greater Metropolitan Area of Costa Rica so as to improve urban transport  The Inter-American Development Bank (IDB) will offer Costa Rica a long-term line of financing for investment in sustainable projects to improve and expand parts of its Strategic Road Network, specifically to enhance development and the flow of traffic in the Greater Metropolitan Area (GAM).