Tuesday, April 30, 2013 - 03:00
Join the discussion on twitter using #devthatworks There are approximately 34 million businesses in Latin America and the Caribbean, most of them small, informal, and with limited access to credit. Since they are unable to provide collateral, a reliable financial history, or accounting information, these businesses cannot meet the financial information requirements of commercial banks to obtain loans to improve and expand their operations.
Wednesday, March 27, 2013 - 03:00
For more than 70 years, the Herrera family has owned and farmed 300 hectares in the municipality of Pimampiro in northern Ecuador. The family had a deed for the land but it provided few details about the exact property lines, which areas had been set aside as protected areas, and in which parts farming was allowed.
Monday, March 4, 2013 - 03:00
Approximately 35 percent of the Colombian adult population has no access to any formal financial services and are considered “unbanked,” according to the Colombian Banking Association. Some 79 percent of adults have no access to credit cards.
Monday, February 13, 2012 - 03:00
More than $110 million of impact investing resources were mobilized by the IDB over the past 18 months to finance profitable projects that bring about social change Despite stellar economic performance in recent years, Latin America and the Caribbean still have a long way to go to address pressing development needs, such as reducing poverty, improving educational outcomes and enhancing access to reliable health services.
Monday, June 27, 2011 - 03:00
An innovative way of allowing low-income families to afford home improvements
Monday, June 27, 2011 - 03:00
Mexico's FINAE to expand student loan offerings, allowing more low-income students to get degrees and training that will lead to better jobs and brighter futures College degrees are hard to obtain in Mexico, especially for students from low-income families. Public universities have been unable to meet demand and many aspiring students do not earn enough to pay for tuition at private universities. As a result, only one in four Mexicans between the ages of 19 and 24 is enrolled in college—a number that drops to one in 30 for young people at the base of the pyramid.
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 expects to provide more than $500 million to help Latin America and Caribbean prepare for natural disasters
Thursday, March 10, 2011 - 03:00
Financial disaster preparedness is a growing concern in Latin America and the Caribbean. Last year the region saw devastating earthquakes in Chile and Haiti and an active hurricane season that impacted Central America and Mexico. In addition, the La Niña-related weather phenomenon has brought severe flooding to Venezuela, Colombia and Brazil, among others.
Monday, October 25, 2010 - 03:00
The presidents of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Mexico, Colombia and the Dominican Republic will meet tomorrow, Oct. 26, in Cartagena, Colombia at the XII Summit of the Tuxtla Mechanism for Dialogue and Coordination. The heads of state will be informed of the progress made by the Mesoamerica Project in terms of regional integration and will decide further courses of action.
Monday, September 27, 2010 - 03:00
The IDB member countries of the English-speaking Caribbean – The Bahamas, Barbados, Belize, Guyana, Jamaica and