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.

Latin Americans express broad support for trade, survey shows

September 24, 2019
Support depends on how the information is framed, with important implications on public policies Latin Americans back more trade by big margins, though an innovative experiment finds support is fragile and may be swayed by information emphasizing negative consequences, according to a study by the Inter-American Development Bank.

IDB Annual Meeting Concludes with Institutional Strategy Update

July 17, 2019
GUAYAQUIL, Ecuador – The 60th Annual Meeting of the Inter-American Development Bank (IDB) and IDB Invest concluded today in Guayaquil, Ecuador, with the approval of an updated institutional strategy for 2020-2023 that is intended to increase resource mobilization.

The IDB Launches its Environmental and Social Policy Modernization Process

July 02, 2019
The Board of Executive Directors of the Inter-American Development Bank (IDB) today launched the process to modernize its environmental and social policies. Through this modernization process, the IDB will enhance environmental and social sustainability outcomes in its operations. As a result of this process, the IDB intends to develop an integrated Environmental and Social Policy Framework aligned with international standards and best practices.

IDB launches innovative territorial approach to address development challenges

May 09, 2019
A study entitled “Honduras: a territorial approach to development” presents for the first time a spatial economic strategy that redefines the traditional national model so as to achieve greater and more inclusive economic growth. As it marks its 60th anniversary, the Inter-American Development Bank (IDB) has presented the study "Honduras: a territorial approach to development”, which makes an innovative proposal to confront the country’s development challenges and fu

IDB study estimates big GDP impacts from low infrastructure investments in Latin America

April 15, 2019
Growth in Latin American and Caribbean is sharply impacted by the failure to invest in infrastructure and the cost rises over time, according to a new report by the Inter-American Development Bank. The study looks at energy, transportation, telecommunications, and water and sanitation sectors in six countries indicative of the reality for the entire region: Argentina, Bolivia, Costa Rica, Chile, Jamaica and Peru.

Weaker global outlook trims Latin America and Caribbean growth prospects

April 15, 2019
Infrastructure investments seen as critical to help region overcome global headwinds A combination of economic shocks could lower growth in Latin America and the Caribbean by an annual average of up to 1.7 percent in 2019-2021 of GDP, according to the Inter-American Development Bank’s Macroeconomic Report, bringing the baseline growth rate from 2.5 percent to just 0.8 percent.

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.

Sustainable growth, infrastructure focus of IDB Annual Meeting in Chengdu, China

February 19, 2019
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Eric Parrado appointed as new chief economist for the IDB

January 23, 2019
The Inter-American Development Bank announced today that starting March 1 Eric Parrado Herrera will take over as the new chief economist and general manager of the IDB’s Research Department. A Chilean national, Parrado is Professor of Economics and Finance at the ESE Business School of Universidad de los Andes in Santiago, Chile, and visiting professor at the University of Oxford and the Central European University.