IDB to support BOP families in the Dominican Republic with access to credit for home improvements

February 05, 2015
Loan of up to $5 million has mobilized an additional $5 million through a B-loan syndication The Inter-American Development Bank (IDB) has approved a loan of up to $5 million to Banco Multiple Ademi, a leading financial institution in the Dominican Republic with 60 percent of the microfinance market share, for on-lending to an estimated 5,000 Base of the Pyramid (BOP) families in need of home improvement financing.

Uruguay’s Microfin to expand access to financial services to microenterprises with IDB support

September 20, 2012
25,000 microentrepreneurs expected to gain access to working capital Microfin will get a partial credit guarantee for 51.4 million Uruguayan pesos from the Inter-American Development Bank (IDB), paving the way for one of Uruguay’s leading microfinance institutions to expand access to financial services for as many as 25,000 microentrepreneurs who own small stores in periurban areas.

IDB to help finance student loans in six Latin American countries

February 01, 2012
IDB loan to Higher Education Finance Fund will pave the way for increased student loans in Guatemala, Honduras, Dominican Republic, Peru, Bolivia, and Paraguay The Inter-American Development Bank (IDB) will help expand the access to higher education in Latin America and the Caribbean by providing a $10 million loan to the Higher Education Finance Fund, L.P. (HEFF), a regional debt fund that seeks to offer student loans through local microfinance organizations.

IDB to support expansion of CEMEX microfinance program for low-income families

June 28, 2011
More than 750,000 low-income families in Mexico, Colombia, Costa Rica, Nicaragua and the Dominican Republic to benefit from the project Patrimonio Hoy, the housing microfinance program of CEMEX, will expand lending to low-income families in Mexico and four other Latin American countries with a partial credit guarantee of up to $10 million from the Inter-American Development Bank (IDB). As many as 750,000 families over the next five years are expected to benefit from this project.

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.

China Eximbank and IDB Expand Trade Activity

October 22, 2010
CHENGDU, China – The Export-Import Bank of China (“China Eximbank”) and the Inter-American Development Bank (“IDB”) signed a Letter of Intent to boost trade between China and Latin America and the Caribbean (“LAC”) at the China-LAC Business Summit, held in Chengdu, China, on October 21st and 22nd, 2010.

IDB, Global Partnerships to foster a new generation of microfinance investments in Latin America

October 06, 2010
MONTEVIDEO, Uruguay – The Inter-American Development Bank (IDB) and Global Partnerships, a Seattle-based non-profit organization, signed today a $5 million loan today, which will serve to capitalize the organization’s new social investment fund.

IDB launches business plan competition for tourism projects in the Caribbean

December 10, 2009
The Inter-American Development Bank will hold a business plan competition for Caribbean tourism projects involving low-income communities in their value chains. The contest, organized by the IDB’s Opportunities for the Majority Initiative, is open to companies based in the Bahamas, Barbados, Guyana, Haiti, Jamaica, Suriname and Trinidad and Tobago.

IDB loan to support innovative social investments delivered by Microfinance Institutions

December 10, 2009
The Inter-American Development Bank has approved a $5 million loan from the Opportunities for the Majority initiative, to support a $25 million fund for microenterprise that will combine lending for productive activities with innovative social investments to reduce poverty. The Fund's remaining $20 million will be supplied by other private and institutional investors.

IDB Group supports Guatemalan bank's expansion into microfinance

December 10, 2008
The Inter-American Development Bank Group will provide up to US$70 million in loans to Banco G&T Continental (G&TC) of Guatemala to support the expansion of credit for microenterprises and small businesses. G&TC, Guatemala’s second largest commercial bank in terms of assets, started a “downscaling” process to serve microentrepreneurs in 2006 with assistance from the IDB’s Multilateral Investment Fund, a leader in promoting microfinance in Latin America and the Caribbean.