Providing Credit to Latin America’s “Missing Middle”

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.

How Land Titling Can Boost Access to Credit for Farmers in Ecuador

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.

Banking the Unbanked in Colombia

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.

IDB fuels impact investing in Latin America

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.

IDB and People of African Descent in Latin America

Wednesday, November 16, 2011 - 03:00
People of African descent represent 33% of the population of Latin America and the Caribbean, and an estimated 50% of them live in poverty. Latin America is one of the most unequal regions of the world. Inequality is partly explained by the lack of opportunities determined at birth by race and ethnicity. Inequalities have a direct impact on human development and overall economic development in Latin America and the Caribbean.

Improving housing conditions in Paraguay

Monday, June 27, 2011 - 03:00
An innovative way of allowing low-income families to afford home improvements

Increased opportunities for higher education

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.

Innovative community participation supports program to fight environmental degradation of Brazil’s Atlantic forest

Monday, April 25, 2011 - 03:00
IDB helps promote conservation and provide better housing conditions for more than 8,000 families, many of them living in high-risk hillsides in Serra do Mar A $470 million project backed by the Inter-American Development Bank (IDB) and the Brazilian state of Sao Paulo is seeking to protect what is left of the Atlantic forest while ensuring better livelihoods for the local communities. One of the key components of the project is to move residents to safer areas.

The IDB in Brazil at a glance

Monday, April 25, 2011 - 03:00
Highlights: support for the World Cup cities, environmental conservation, and infrastructure Brazil is one of the IDB’s founding member countries. Since 1961, the Bank has approved $40 billion in loans and guarantees for Brazil that have helped fund projects costing more than $110 billion. These projects, in the areas of ​​infrastructure, environment, institutional strengthening, and poverty reduction, have been carried out in close cooperation with all levels of government, civil society, and the private sector.

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.