Haiti cuts ribbon for 400-house community for quake victims

Thursday, March 1, 2012 - 13:34
For 400 families who lost their homes in the 2010 earthquake, the inauguration of the Les Orangers housing development north of Port-au-Prince will mark a major milestone in Haiti’s reconstruction. The 400-house community was inaugurated on Monday, February 27 by Haitian President Michel Martelly, who had launched the construction work in June 2011, shortly after taking office.

Lesson on remittances

Wednesday, March 23, 2011 - 03:00
Two IDB experiments shed light on policies to increase savings and remittances of migrants Remittances from migrants bring substantial benefits for countries in Latin America and the Caribbean, a review by the Inter-American Development Bank (IDB) shows. Money sent home increases consumption, investments and lowers poverty rates. However, little has been done to gather evidence on how to increase these beneficial transfers.

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.

Moving From the Margin

Wednesday, October 8, 2008 - 03:00
By Lene MikkelsenWhen you visit Latin America and the Caribbean you will probably notice that in the poorest areas of any city there are numerous houses in various stages of construction: while some raise walls or finish a roof, others wait for the next stage to begin. This does not necessarily indicate that a construction  boom is taking place in poorer areas, but rather that building or repairing a home can take considerable time when you don’t have enough savings, or access to financing, to take on the job all at once from start to finish.

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.”

Technology is the easy part of mobile banking

Wednesday, October 8, 2008 - 03:00
BY DIEGO FONSECA

Key to Expanding Remittances

Wednesday, October 8, 2008 - 03:00
Over the past decade remittances have emerged from relative obscurity to become a key factor in the well-being of millions of families throughout the world. In 2007 the Latin American and Caribbean (LAC) region received US$66.5 billion, surpassing the total Foreign Direct Investment (FDI) and Official Development Assistance (ODA) for the fifth consecutive year. The importance of these transfers from migrant workers to their families also has enormous implications at local and national levels.