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.
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.
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.
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.
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.
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.
June 13, 2006
Latin America should carry out microeconomic reforms to clear the path for more poor people to join the middle class, instead of locking itself in a debate over fiscal discipline and social spending, former U.S. president Bill Clinton said today. In a public dialogue with the president of the Inter-American Development Bank, Luis Alberto Moreno, Clinton also commented on current issues such as immigration, alternative energy sources, climate change and the fight against AIDS.
June 12, 2006
Dwellings, rural properties and businesses in the informal or “extralegal” sector of 12 Latin American countries are worth more than $1.2 trillion, according to a report presented today at a conference at the Inter-American Development Bank. IDB President Luis Alberto Moreno said the study on informality in Latin America and the Caribbean, together with other research on poverty conducted or sponsored by the Bank, will help guide a new development initiative, Building Opportunity for the Majority.
IDB launches initiative to generate economic opportunities for majority in Latin America and the Caribbean
June 06, 2006
Inter-American Development Bank President Luis Alberto Moreno today unveiled an initiative aimed at generating economic opportunities for low-income people in Latin America and the Caribbean, who make up a majority of the region’s population. In a briefing held at the IDB’s headquarters in Washington, D.C. and transmitted to field offices across the region, Moreno explained that the Building Opportunities for the Majority initiative will seek innovative solutions to help low-income people develop their economic potential and accumulate assets.
June 01, 2006
Inter-American Development Bank President Luis Alberto Moreno will hold a press briefing on Tuesday, June 6 to present a new initiative to promote economic opportunities for the low-income majority of Latin America and the Caribbean, a region where poverty and inequality levels have hardly changed over the past five decades.