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.

Colombia issues first energy savings insurance policies

February 13, 2019
SMALL AND MEDIUM ENTERPRISES ACCESS TO POLICIES TO GUARANTEE ENERGY SAVING IN INVESTMENT PROJECTS FOR MORE EFFICIENT TECHNOLOGIES With the support of the Inter-American Development Bank, and in collaboration with BANCOLDEX, Colombia has become the first country in Latin America and the Caribbean to issue energy saving policies under the Energy Savings Insurance Program (ESI) in benefit of five small and medium-si

IDB and CDB to expand the Sustainable Energy Facility (SEF) for the Eastern Caribbean

December 17, 2018
US$ 85.6 million programme will fund geothermal power and institutional capacity projects in five Eastern Caribbean nations The Sustainable Energy Facility for the Eastern Caribbean (SEF-Expanded) is designed to reduce the financial, technical, and institutional barriers to geothermal energy development in five Eastern Caribbean nations.  It will also aid in institutional strengthening and capacity building for those five governments and in partnering with the Caribbean Development Bank (CDB).

Brazil to improve municipal infrastructure with IDB support

December 03, 2018
INVESTMENTS OF $600 MILLION CHANNELED BY BANCO DO BRASIL WILL BE AVAILABLE TO MUNICIPALITIES WITH A POPULATION OF UP TO 500,000 The Inter-American Development Bank (IDB) has approved a $600 million multisectoral loan to Banco do Brasil to improve the efficiency of road, water, energy and public services infrastructure in small and medium-sized cities.

IDB to join new Caribbean Climate-Smart Accelerator to facilitate $1bn of investments

August 09, 2018
Backed by 26 Caribbean governments and the private sector, the Accelerator will fast-track investments which support climate action and economic growth    The Inter-American Development Bank announced today that it will partner with the Caribbean Climate-Smart Accelerator to program and implement the additional $1 billion in funds that it pledged for climate smart-investments across the Caribbean region at the Paris One Planet summit on December 12, 2017.

IDB finances innovative early childhood development program in Brazil for the base of the pyramid

January 19, 2012
As many as 224,000 low-income pre-school children expected to benefit from educational materials and training provided by PUPA Pupa Empreendimentos Educacionais e Representacao Ltda, a new social business launched by Brazil’s Zoom Editora, will use a $3 million loan from the Inter-American Development Bank (IDB) to roll out an innovative early childhood development program that will benefit as many as 224,000 low-income pre-school children in Brazil.

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.

Sao Paulo’s low income food-services microentrepreneurs to increase their access to credit

December 06, 2010
The Inter-American Development Bank approved a $10 million loan to help major wholesale distributor Tenda Atacado, Ltda. enhance its credit program for low income microentrepreneurs in the food services sector in the state of Sao Paulo, Brazil.

IDB fund to invest in groundbreaking microinsurance venture

December 11, 2006
The Inter-American Development Bank today announced its Multilateral Investment Fund (MIF) will invest $3 million in ParaLife, a new micro-insurance venture established to provide life insurance to people with disabilities, low-income families and microentrepreneurs in Latin America. The micro-insurance project reflects the principles of the IDB’s Opportunities for the Majority initiative, which seeks to expand low-income people’s access to wealth-building tools and services such as microcredit, housing, job-training and entrepreneurship opportunities.

Latin America needs microeconomic reforms to expand its middle class, Bill Clinton says

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.