Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

September 24, 2018
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

IDB report underscores social benefits of sports for development but warns against program design flaws

May 25, 2018
Latin American and Caribbean region lags in sports spending, activity levels Latin American and Caribbean region could get a development boost from sports activities that improve the region’s social and health benefits, provided the programs are properly designed and monitored, according to a report by the Inter-American Development Bank.

Brazil’s Santa Catarina State will improve productivity and reliability of electricity supply with IDB support

November 23, 2017
The Inter-American Development Bank (IDB) has approved a multiple-works investment loan in the amount of US$276.05 million to Centrais Elétricas de Santa Catarina–Distribuição S.A. (CELESC-D), the electric power distribution utility serving Brazil’s state of Santa Catarina. The program’s overall objective is to help boost productivity throughout the state of Santa Catarina by providing a higher quality and more reliable supply of electric power.

Argentina and Chile get $280 million in IDB loans for first stage of the Agua Negra international tunnel

October 18, 2017
A $130 million loan for Argentina and a $150 million loan for Chile, expandable to a total $1.5 billion, will help both countries begin construction of new cross-border tunnel The Inter-American Development Bank (IDB) has approved two loans totaling $280 million –$130 million for Argentina and $150 million for Chile– to help start the construction of the Agua Negra tunnel connecting the two neighboring nations.

IIC finances Aela Energía wind projects in Chile

August 14, 2017
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank Group, closed a $135 million project finance loan to Aela Energía for the construction, operation and maintenance of three wind projects located in the Atacama, Los Lagos and Bio-Bio regions of Chile.

IIC promotes energy-efficient street lighting in Chilean municipalities

May 16, 2017
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has signed a financing package of US$18.5 million with Itelecom to upgrade public roadway lighting systems to high efficiency LED technology in eight municipalities in Chile.

Argentina and Chile will begin to develop Agua Negra Tunnel with support from IDB

December 12, 2016
A loan of $40 million will allow the two countries to structure the project and finance the final designs of this cross-border tunnel The Inter-American Development Bank (IDB) has approved a $40 million loan that will allow for bidding to begin for the Agua Negra tunnel, which will connect San Juan province in Argentina with that of Coquimbo in Chile.

Chile to implement sustainable energy project with IDB support

November 30, 2016
Plan will develop energy policy that encourages competition, energy efficiency, use of renewable sourcesand regional integration The Inter-American Development Bank (IDB) has approved a $100 million loan to finance a program that will boost energy sustainability in Chile through a reform process that addresses technical, economic, social and environmental issues in the sector and takes into account national and regional needs and interests.

IDB President, experts to talk to members of media accredited to the Habitat III Conference in Quito, Ecuador

October 15, 2016
Habitat, the main global conference on Housing and Sustainable Urban Development, is being held for the first time in Latin America The Inter-American Development Bank (IDB) will have a strong presence in the Habitat III Conference to be held in Quito, Ecuador, Oct. 17-20, 2016.

IIC finances more than $40 million in solar energy and SMEs in Chile

June 27, 2016
The Inter-American Investment Corporation (IIC) continues to increase its loan portfolio in Chile with the recent financing of a solar photovoltaic plant and a project to improve access to credit for small and medium enterprises (SMEs).