IDB launches Superheroes of Development contest to recognize executing agencies

March 04, 2019
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

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

August 29, 2018
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).

More than 3,000 business meetings held at LAC Flavors Argentina 2017

November 07, 2017
Buenos Aires, Argentina- More than 560 food exporting companies from Latin America and the Caribbean (LAC) met with 120 international buyers from five continents at LAC Flavors 2017, where they closed transactions valued at a projected amount of $152 million, according to preliminary data from the Inter-American Development Bank (IDB).

The trade slowdown in Latin America and the Caribbean is more intense than in the rest of the world

November 17, 2016
South American and Caribbean countries were the most affected. Following two years in a downward trajectory, the value of Latin American exports fell 14.8 percent in 2015, and 8.5 percent in the first seven months of 2016, according to the Trade and Integration Monitor 2016 of the Inter-American Development Bank.

Chile will boost and diversify fruit exports with IDB support

August 03, 2011
Project to generate over 10,000 jobs and promote sustainable farming practices The Inter-American Development Bank today announced the approval of a $32 million loan to Chile’s Grupo Subsole, one of the largest locally owned fresh fruit companies and the country’s third largest table grape exporter.

Mexico to boost agricultural and fisheries productivity

July 20, 2011
$190 million IDB loan for program to reach fivemillion rural producers The Inter-American Development Bank today approved a $190 million loan to Mexico to promote sustainable increases in agriculture and fisheries productivity. The Mexican government, through its Department of Agriculture (SAGARPA, for its Spanish acronym), will contribute $74.4 million, bringing the total investments to $264.4 million and benefitting around five million rural producers.

IDB releases its 2010 Development Effectiveness Report

March 23, 2011
Report evaluates Bank’s efforts in measuring its development impact in Latin America and the Caribbean The Inter-American Development Bank (IDB) has made strides to boost transparency, accountability and enhance the development impact of its investments in Latin America and the Caribbean, according to the new edition of the IDB’s 2010 Development Effectiveness Overview.

Agricultural revenues, employment in Latin American tropical areas likely to decline with deforestation ban

January 28, 2011
Farmers in Latin America and Caribbean will see billions in lost revenue over the next two decades if a complete ban on deforestation is put in place, highlighting the need for compensatory actions to alleviate poverty in affected rural areas, according to new pilot study by the Inter-American Development Bank (IDB). The study also found that a deforestation ban would have a negligible impact on food prices.

Mexico’s Agrofinanzas will offer 2,000 microloans to small sunflower producers with IDB guarantee

August 16, 2010
Small sunflower producers in Mexico will obtain up to 2,000 microloans from Agrofinanzas S.A., a local financial institution, with support from a partial credit guarantee of up to US$5 million from the Inter-American Development Bank (IDB). The operation is part of a supply chain project, which includes the commitment of the food & beverage company PepsiCo Mexico to purchase the production of sunflower oil produced by the network of small farmers.

MIF supports Chilean venture capital fund focused on agribusinesses

December 01, 2009
The Inter-American Development Bank’s Multilateral Investment Fund (MIF) will make an equity investment of up to $3.5 million in AgroDesarrollo, a fund that will back agribusiness entrepreneurs in rural Chile. AgroDesarrollo has obtained a credit line of up to $21 million from CORFO, the Chilean development agency. The CORFO credit line will leverage AgroDesarrollo’s equity commitments, allowing the fund to grow to $28 million if it raises $7 million in equity.  Other investors include Chilean companies and individuals.