IDB Launches New 10-year fixed rate Australian Dollar Sustainable Development Bond

July 16, 2020
Highlighting Sustainable Development Goal # 11— Sustainable Cities and Communities The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA, priced a new 10-year fixed rate Sustainable Development Bond (“SDB”) focused on SDG#11 (Sustainable Cities and Communities) in Australian Dollar (AUD) valued in 140 million, equivalent to US$97 million. Nippon Life Insurance Company is the sole investor of the bond with Credit Agricole CIB being the arranger.
2020-07-16

IDB launches call for proposals for innovations promoting the 21st century skills

July 15, 2020
The Spotlight project will target countries in Latin America and the Caribbean.   Today, the Inter-American Development Bank (IDB) and HundrED.org, a global education nonprofit, announced the launch of a Spotlight project. This aims to identify effective models for cultivating 21st century skills, also called transversal skills, in students by looking for innovations in learning from Latin America and the Caribbean.
2020-07-15

IDB Partners with Bahamas to Launch New Oil Hedging Solution For BPL

July 15, 2020
The Inter-American Development Bank has partnered with The Bahamas for a new oil hedging instrument to protect government budget and better manage financial risks in uncertain times. The agreement will secure an affordable crude oil coverage solution during times of low prices for the government’s Bahamas Power and Light electricity company. This is the first time the IDB and Bahamas are using such an instrument. It will better position the country against abrupt oil price movements and offers protection against increases in electricity costs over the next 18 months.
2020-07-15

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

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

IDB: COVID-19 Exposes Inadequate Support for Older People

June 12, 2020
Study shows that 8 million people over age 60 in Latin America and the Caribbean depend on long-term care.  “Age with Care” provides recommendations for building strong long-term care systems.
2020-06-12

IDB Launches Australian Dollar Sustainable Development Bond (SDB)

June 12, 2020
Highlighting Sustainable Development Goal #3—Good Health and Well-Being. The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new 10-year fixed rate Sustainable Development Bond (“SDB”) focused on SDG#3 (Good Health and Well Being) in Australian Dollar (AUD) valued in 50 million, equivalent to $33.26 million. Mitsui Sumitomo Aioi Life Insurance Company, Limited is the sole investor of the bond with Daiwa Capital Markets America Inc. being the arranger.
2020-06-12

IDB and Sesame Workshop to bring Sesame Street content to Latin American children

June 09, 2020
With funding from IDB, Sesame Workshop to deliver more than 100 hours of the iconic series to Latin America, as well as new animations, songs, and more to help during the COVID-19 pandemic. 
2020-06-09

IDB launches $4 Billion 0.625% 5-year Fixed Rate Global

June 09, 2020
Washington, D.C. – The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $4 billion 5-year global benchmark. The transaction pays a semi-annual coupon of 0.625% and matures on July 15 2025. It was priced with a spread of 17 basis points over mid-swaps, which equates to 22.4 basis points over 0.250% UST due May 2025 and carries a semi-annual yield of 0.631%.
2020-06-09

IDB expands coverage for COVID-19 and public health risks in contingent loans

June 09, 2020
The Inter-American Development Bank (IDB) is expanding the risks covered under the Contingent Credit Facility for Natural Disaster Emergencies (CCF) to include public health risks and COVID-19.
2020-06-09