Costa Rica hosts IDB’s Regional Policy Dialogue on Environmental Permitting and Compliance

June 13, 2019
Escazú, Costa Rica – The Inter-American Development Bank (IDB), through its Environmental and Social Safeguards Unit, June 18-20 will hold the VII Regional Policy Dialogue (RPD) to help Latin American environmental agencies strengthen their environmental permitting and compliance systems.

IDB launches 2017 Call for Proposals to promote Regional Public Goods in Latin America and the Caribbean

February 24, 2017
The deadline for accepting proposals is April 26th, 2017 The Inter-American Development Bank (IDB) launched the 2017 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for development through regional cooperation among at least three countries. Since 2004, the RPG Initiative has financed 140 projects, investing a total of more than US$103 million.

Emsula launches innovative solar power project financed by the IDB

March 25, 2015
Event inaugurated by the President of Honduras Juan Orlando Hernández On March 20, Embotelladora de Sula S.A. (Emsula) of the Corinsa Group inaugurated the largest photovoltaic rooftop solar system in Latin America in its facilities, located in San Pedro Sula, Honduras.This project was financed with support from the IDB and will contribute 3MW to a facility that bottles soft drinks, juices and purified water for various companies, including Pepsi, Gatorade and Lipton Tea.

IDB approves green line for key financial institution in Brazil

January 28, 2014
Loans of up to $125 million to expand access to credit for green projects The IDB approved a Green Line Partnership with Banco Pine S.A. in Brazil to expand access to financing for environmentally sustainable projects, particularly biofuels and renewable energy projects. The IDB will provide an unsecured A/B loan of approximately $125 million to Banco Pine for working capital and long-term loans in these sectors, and to finance capital expenditures.

IDB and Brazilian Government host Conference on development impact of World Cups

September 16, 2011
The Inter-American Development Bank (IDB) and the Brazilian Ministry of Sports have teamed up to organize a conference on how major sports events can leave a positive and lasting development impact.

IDB’s new accountability mechanism becomes effective

September 09, 2010
The new Independent Consultation and Investigation Mechanism (ICIM) started operations as part of the Inter-American Development Bank’s efforts to increase the transparency, accountability and effectiveness of its operations. The Board of Executive Directors declared that the ICIM is effective as of September 9, 2010. The ICIM can now address complaints filed by individuals or groups who feel affected by projects financed by the IDB.

Cross Debarment: A new global tool against corruption

April 28, 2010
The cross debarment agreement signed recently by the world’s top multilateral banks is a milestone for the anticorruption agenda.  Due to come into force by mid-year, the agreement says that if one Multilateral Development Bank (MDB) declares a firm or individual ineligible for procurement contracts because of fraud and corruption, then all the other MDBs will do the same.

The IDB's Office of Institutional Integrity (OII) releases its 2005 Annual Report

March 27, 2006
Corruption greatly undermines the building of inclusive, democratic and transparent societies in Latin America and the Caribbean, threatening both economic and social development in the region as well as the mission of the IDB, noted Bank President Luis Alberto Moreno in introducing the 2005 Annual Report for the Office of Institutional Integrity.

President Luis Alberto Moreno reaffirms zero tolerance towards corruption

February 16, 2006
On February 16, 2006, a former employee of the Inter-American Development Bank entered a guilty plea before the United States District Court for the District of Columbia to charges against him for wire fraud involving resources of the Bank, agreeing to make full restitution of such resources.  The fact of the criminal conduct was discovered by the Bank and referred for action to the U.S. authorities.  Sentencing is scheduled for April 25, 2006.