Colombia leads the 2019 Global Financial Inclusion Microscope for the 2nd consecutive year

October 31, 2019
Dominican Republic – Colombia, Peru, Uruguay and Mexico lead the ranking of the Global Microscope on the environment for financial inclusion, an index that focuses on regulation, political strategies, and infrastructure to address this issue. In these four countries, financial inclusion is a priority and incorporates digital approaches. While Colombia and Mexico lead public policy and consumer protection categories, Uruguay and Peru stand out in stability and financial integrity.

IDB announces selected proposals of its "Bootcamps for Tech Fans” challenge

June 06, 2019
Fifty-seven proposals were submitted, and the entities selected will benefit people in Central America, Colombia, Mexico and Venezuela. IDB Lab, the IDB's innovation laboratory, has announced the two proposals selected to implement the best and most innovative Ready-to-Work Bootcamp models aimed at closing the skills gap of our future workforce in Latin America and the Caribbean, especially of people in vulnerable circumstances.

Spain makes contribution to IDB’s migration initiative

March 20, 2019
Event on migration analyzes impact on Latin America MADRID - Spain has made a $5 million contribution to help the Inter-American Development Bank (IDB) tackle urgent development challenges posed by the rise of transborder migrations in Latin America and the Caribbean. The contribution was announced at the conference Migration and Cities: The Road to Inclusive Integration held March 20, 2019 in Madrid.

Fintech activity in Latin America spreads to 18 countries

January 17, 2019
1,166 FINTECH VENTURES HAVE BEEN IDENTIFIED, AN INCREASE OF 66 PERCENT COMPARED TO 2017 The report Fintech en América Latina 2018: crecimiento y consolidación (Fintech in Latin America 2018: Growth and Consolidation), published today by the Inter-American Development Bank and Finnovista, identified 1,166 financial technology startups (Fintech), a rise of 66% since the first study published by the two organizations in 2017.

Millennials have potential that Latin America and Caribbean must not squander, says study

November 22, 2018
Young people in Latin America and the Caribbean have weak cognitive skills but their socio-emotional abilities are strong, according to the study “Millennials in Latin America and the Caribbean: to work or to study?” The report, which is the result of research drawing on more than 15,000 people in nine countries, also found a high level of optimism and aspiration in this new generation of workers. Young people in Latin America and the Caribbean have great potential but it could end u

Brazil promotes productivity of micro, small and medium-size enterprises with IDB support

November 22, 2018
IDB APPROVES $750 MILLION CREDIT TO PROVIDE ACCESS TO FINANCING FOR MORE THAN 4,900 MSME IN BRAZIL THROUGH A NEW BNDES DIGITAL CHANNEL. The Inter-American Development Bank has approved a $750 million line of credit aimed at boosting the productivity of more than 4,900 micro, small and medium-sized enterprises (MSME) in Brazil. They will be able to access new credit sources through digital channels, thus contributing to economic growth and job creation.

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).