Haitian school's reconstruction starts

Friday, December 23, 2011 - 03:00
A Trinidadian bank offers mountain village kids broader horizons If all goes according to plan, by the time the next academic year begins in September, Furcy will have a brand new public school. The facility, which will replace the old one toppled by the 2010 earthquake, will be built following strict construction standards. And as its principal, Francius Saintilus, remarked at a recent groundbreaking ceremony, the new school will have a big impact in this village in the mountains behind Port-au-Prince.

Improving the business climate in the Caribbean

Friday, March 25, 2011 - 03:00
Several IDB programs are helping the region diversify its economy and attract new investments The Inter-American Development Bank (IDB) is financing several programs to improve the business environment, foster diversification and enhance competitiveness in the Caribbean.

Sustainable energy helps reduce costly reliance on fossil fuels in many Caribbean States

Monday, September 27, 2010 - 03:00
By Christina MacCulloch The international economic crisis, has hurt the Caribbean economies, mainly by affecting tourism. This has brought a sense of urgency to the region’s need to rely less on costly imported fossil fuels. The need for more energy efficiency is greater than ever, and so is the potential.

The Caribbean and the IDB at a Glance

Monday, September 27, 2010 - 03:00
The IDB member countries of the English-speaking Caribbean – The Bahamas, Barbados, Belize, Guyana, Jamaica and

IDB invites feedback on new project impact mechanism for communities

Wednesday, May 6, 2009 - 03:00
The Inter-American Development Bank today unveiled its new proposed Independent Consultation and Investigation Mechanism (ICIM)—the process through which affected communities can voice concerns about an IDB project. The ICIM is a draft proposal, which is open to public consultation for civil society groups and other actors to express their suggestions and provide feedback. The idea is to enhance and speed up the investigation process of external allegations.

IDB seminars in Medellín to discuss impacts of global financial crisis

Monday, March 23, 2009 - 03:00
The Inter-American Development Bank (IDB) is promoting the discussion and analysis of the impacts of the global financial crisis in Latin America and the Caribbean during seminars in Medellín, Colombia, related to the 50th Annual Meeting of the Bank'sBoard of Governors. The discussions will feature government leaders such as Colombian President Alvaro Uribe, Zhou Xiaochuan and governor of the People’s Bank of China, as well as noted experts such as Robert Merton, a Nobel Prize-winner economist.

Latin America and the Caribbean see slower growth in next four years

Thursday, March 19, 2009 - 03:00
Latin American and Caribbean leaders expect per capita income to fall or grow moderately in the 2009–2012  period and governments to rely more on financing from international institutions, according to a survey by the Inter-American Development Bank (IDB). The expectations contrast sharply with the recent economic performance in the region, where product per capita grew 4.1 percent annually in the past five years.

The IDB, a partner of Colombia in development

Tuesday, March 17, 2009 - 03:00
Since the mid-1990s the Inter-American Development Bank (IDB) has been the leading source of multilateral financing for Colombia. Over the last 50 years, the IDB has approved more than US$14.8 billion in loans and non-refundable technical cooperation projects for Colombia. Throughout its history, the IDB has supported the Colombian government and private sector in key development areas such as infrastructure, state modernization and reform, small and medium enterprise, agriculture, energy, climate change and environmental protection.

Venture capital for low-income markets

Thursday, February 26, 2009 - 03:00
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but it can also be a profitable business venture. This is the concept of IGNIA Fund, which will channel venture capital resources to fund commercially viable growth companies serving the “base of the pyramid,” those persons in Latin America and the Caribbean earning less than $3,260 a year. The IGNIA Fund selects projects with the potential to be expanded on a larger scale, thereby increasing the social and economic impact.

Credit Crunch: The Domino Effect

Wednesday, October 8, 2008 - 03:00
BY SAMUEL SILVAMicrofinance is expanding in Latin America. Economies are growing and stabilizing and commodity exports are selling at good prices. International capital markets have opened up, and everything seems possible. Ladies and gentlemen, welcome to Wall Street, where we have discovered the most ingenious financial instruments engineered by Citigroup, Morgan Stanley, Deutsche Bank and Standard & Poor’s. Why do we have to worry about the mortgage crisis with our great partner to the North? The honest answer–—“CLO.”