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). 

Study analyzes challenges faced by Central America as it seeks sustainable development

July 19, 2019
A new publication uses analysis of trade, investment, migration, the financial sector, raw materials, and natural resources to propose policy options The Inter-American Development Bank and the Latin American Center for Competitiveness and Sustainable Development (CLACDS) of INCAE Business School have presented in San Jose, Costa Rica, a book entitled “The Future of Central America: Challenges for Sustainable Development”,  w

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

Pilot program uses blockchain to improve youth employment in Costa Rica

September 20, 2018
The Innovation Lab of the IDB Group (MIF), the Monge Foundation, and BanQu, a for-purpose blockchain as-a-service company, have joined forces to launch a pilot program aimed at improving Costa Rican youth employment outcomes.  This new pilot seeks to provide Costa Rican youth with secure and immutable records of certificate completion from school, internships, and employment using blockchain technology.

Barranquilla, Colombia to host Foromic 2018

August 30, 2018
The Colombian city of Barranquilla will host the leading event on financial inclusion and business development trends in Latin America and the Caribbean The IDB Group, through its innovation lab MIF, will hold the 21st edition of Foromic, the most important annual event on financial inclusion and business development in the Latin American and Caribbean region.

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).

Caribbean leaders launch plan to make region a “climate-smart zone,” with IDB support

December 11, 2017
Paris — The Inter-American Development Bank Group (IDB Group) announced its support for the newly formed Caribbean Climate-Smart Coalition, a public-private initiative aimed at funding an $8 billion investment plan to transform the region into the world’s first “climate-smart” zone and benefit an estimated 3.2 million households in the region.

IDB promotes Mesoamerica’s transportation, logistics and integration agenda

August 09, 2017
IDB to finance specialized studies as well as investment and action plans for regional initiatives, with particular emphasis on the Pacific Corridor

Lowering fiscal and external vulnerability the key to promoting growth in Central America and the Dominican Republic

February 09, 2017
Regional IDB Governors meet in Washington to analyze economic prospects for 2017 The modest recovery in the United States and continuing favorable financial conditions in 2017 will also represent sources of economic stimulus throughout the year for the countries of Central America and the Dominican Republic, which will translate into growth of around 3.9 percent in 2017. Internal financial and monetary reforms should ensure price stability and the health of the banking system.

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).