IDB announces winner of the 2019 Superheroes of Development Award

September 16, 2019
The winning IDB-financed project developed a new solution to monitor public infrastructure works and to empower citizens to evaluate the use of public resources in Honduras. WASHINGTON D.C., September 12, 2019. The Inter-American Development Bank (IDB) announced the winner of the Superheroes of Development contest, an award given to executing agencies that have successfully implemented innovative solutions in projects financed by the IDB.

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.

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

September 24, 2018
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

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).

IDB reaffirms commitment to urban transportation in Quito with new loan

April 27, 2018
The Inter-American Development Bank (IDB) has approved a $250 million loan to help build a metro line in the capital city of Quito, Ecuador. This operation, which adds to a $200 million loan approved in December 2012, is testimony to the commitment of the IDB to support sustainable urban mobility projects in areas under pressure to meet growing demands for an efficient public transportation system.

IDB supports Ecuador in rebuilding electricity infrastructure damaged by earthquake

January 25, 2017
The Inter-American Development Bank (IDB) will help Ecuador with a $60 million loan to rebuild electrical infrastructure in areas hit by an earthquake last April, through the incorporation of quake-resistant features in the provinces of Esmeraldas, Manabí and Santo Domingo. The specific goals of the project are to restore the supply of electricity through the sub-transmission systems of the utility companies affected by the quake and facilitate reliable supply of electricity to final users through the implementation of electrical distribution projects.

IDB backs program to boost competitiveness in Paraguay's agriculture sector and economic integration

December 05, 2016
Road upgrades and conservation will benefit small- and medium-size producers and a population of 522,000 people Paraguay will improve the competitiveness of its farm and livestock sector and its economic integration, particularly in the east of the country, with a road upgrade and conservation project backed by a $90 million loan approved by 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.

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

October 15, 2016
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 Ecuador in diversifying its energy matrix

August 08, 2016
The Inter-American Development Bank (IDB) will provide $143 million to support Ecuador in order to advance changes in its energy mix, to improve sector indicators, and to support recovery plans in areas affected by the recent earthquake. As a result of the support, Ecuador will have a more sustainable and reliable energy system for all citizens.