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

Costa Rica confronts pandemic and safeguards macroeconomic stability with IDB support

June 22, 2020
Costa Rica will receive a $250 million loan from the Inter-American Development Bank (IDB) to finance its efforts to contain the COVID-19 sanitary crisis and mitigate its impacts on the economy. The budget-support, fast disbursement loan is in line with a rapid financial assistance (RFI) arrangement approved in April by the International Monetary Fund to help tackle the COVID-19 emergency and its effects on the country’s economy.
2020-06-22

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 study explores tech opportunities for the Central American economy

June 12, 2020
Areas of study are greater efficiency in spending and public services, the tax-raising potential of the digital economy, and maximizing the benefits of remittances Using technology can help in major economic sectors hit by the COVID-19 pandemic, such as remittances and public finances. As remittances decline, technology applied to international money transfers can generate efficiencies that help maximize the amount of money reaching recipients.
2020-06-12

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

IDB Launches Three-Tranche Uridashi Sustainable Development Bonds (SDB)

May 29, 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 new 3-tranche Uridashi fixed-rate notes under its Sustainable Development Bond (“SDB”) focused on SDG#3 (Good Health and Well Being).
2020-05-29

IDB Group launches new edition of Superheroes of Development awards for its clients

May 27, 2020
In its third edition, the call for proposals will be virtual and will be open from May 26 to June 29, 2020. The yearly Superheroes of Development award will once again recognize the executing agencies, borrowers or clients of projects financed by the IDB Group (which includes the Inter-American Development Bank, IDB Invest and IDB Lab) that have successfully addressed different challenges in their implementation.
2020-05-27

IDB Launches Australian Dollar Sustainable Development Bond (SDB)

May 27, 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 350 million, equivalent to $226 million. Japan Post Insurance Co., Ltd. is the sole investor of the bond with Wells Fargo Securities LLC being the arranger.
2020-05-27