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.

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).

The trade slowdown in Latin America and the Caribbean is more intense than in the rest of the world

November 17, 2016
South American and Caribbean countries were the most affected. Following two years in a downward trajectory, the value of Latin American exports fell 14.8 percent in 2015, and 8.5 percent in the first seven months of 2016, according to the Trade and Integration Monitor 2016 of the Inter-American Development Bank.

IDB supports access to home improvement financing for low-income families in El Salvador

June 24, 2014
$5 million loan from Opportunities for the Majority to Habitat for Humanity El Salvador to benefit nearly 8,000 families at the Base of the Pyramid The Opportunities for the Majority (OMJ) sector at the Inter-American Development Bank (IDB) approved a $5 million loan to Habitat for Humanity El Salvador (HPHES) to support increased access to home improvement financing for the Base of the Pyramid (BOP) in El Salvador. 

ProCredit gets $2 million IDB loan to finance communal water projects in El Salvador

January 27, 2012
Project to help expand and improve access to clean and affordable water to as many as 14,000 low-income families in El Salvador The Inter-American Development Bank (IDB) will help expand and improve access to clean and affordable water to poor communities in El Salvador by providing a $2 million loan to Banco ProCredit S.A to start a credit and technical assistance program for communal water projects throughout the country.

IDB, Covelo Foundation to foster renewable energy use in Central America

October 27, 2011
As many as 6,000 low-income families in isolated rural areas in Honduras, El Salvador and Belize to get access to solar energy The Inter-American Development Bank (IDB) will provide a loan of up to $3 million for Fundación José María Covelo to establish credit lines that will enable as many as 6,000 Central American families in isolated rural communities with no access to the electricity grid to buy solar power systems.

IDB closes $19 million syndicated loan with impact investors to revamp municipal markets in El Salvador

September 06, 2011
Oikocredit, VDK Spaarbank and BANK IM BISTUM ESSEN eG to finance innovative program for centers of small-scale businesses by Fedecrédito The Inter-American Development Bank (IDB) has closed a $19 million syndicated loan with three impact investors to support a new credit facility that will finance the revamping of municipal marketplaces in El Salvador.

IDB closes $3.6 million syndicated loan to provide access to finance for smallholder farmers

July 05, 2011
As many as 10,000 small farmers in nine countries to benefit from IDB loan to FOPEPRO The Inter-American Development Bank (IDB) has closed a $3.6 million loan to provide access to finance for smallholder producer groups and farmers associations in nine Latin American countries through a loan to the “Fund for Small Rural Producers in Latin America” or “Fondo para los Pequeños Productores Rurales en América Latina (FOPEPRO)."

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.