IDB Group launches Open Innovation Challenge to reduce plastic use

September 26, 2019
Washington, D.C. — The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD.

IDB launches Superheroes of Development contest to recognize executing agencies

March 04, 2019
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

International BASE Forum conference to focus on the business potential of the low-income market in Mexico

June 03, 2015
Inter-American Development Bank (IDB) to bring together business leaders, financial institutions, investors and government officials during the BASE III International Forum from June 29 to July 1 in the Centro Banamex in Mexico City

Low-income housing market offers new business opportunities in Mexico

May 12, 2015
Growth of the housing market for low-income people in México will be a central theme during the BASE III Forum International, to be held in Mexico City June 29-July 1 The Inter-American Development Bank (IDB) estimates that the housing market for the base of the pyramid in México –those people whose income is below $10 a day– grew 25 percent between 2000 and 2010, reaching $40 billion annually. Mexicans spend more on housing (24 percent of their total spending) than on anything other than food.

New IDB study reveals success factors in business models for low-income family housing

June 25, 2014
Report outlines innovative schemes that invigorate the market, with private sector participation

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.

Mexico’s Mi Tienda will expand operations with IDB assistance

December 16, 2009
The Inter-American Development Bank has approved a $2 million loan to help finance the expansion of operations of Mi Tienda, a Mexican company with a social mission to benefit low-income families by improving rural supply chain efficiency and raising small grocery stores' sales and productivity.

Mexico’s CEMEX will offer 35,000 microloans for street pavement with IDB guarantee

December 10, 2008
Thousands of Mexican families will gain access to paved roads thanks to a novel arrangement between cement giant CEMEX and the Inter-American Development Bank. CEMEX will finance 35,000 micro-loans to low-income families to cover part of street pavement costs in twelve municipalities with the support of a $10 million partial credit guarantee from the IDB, issued in Mexican pesos.

IDB fund grants $1 million to expand innovative microfinance model in Mexico

December 04, 2007
The Inter-American Development Bank’s Multilateral Investment Fund (MIF) today announced a $1 million grant for a project to expand a groundbreaking microfinance model backed by Mexico’s leading baking company, Grupo Bimbo, and a local microfinance institution, FinComun. The project will take to a national scale a pilot experience carried out by FinComun and Grupo Bimbo to offer microcredit to members of the baking company’s distribution network, which includes more than 450,000 small store operators in Mexico.