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.

Mesoamerica renews push towards integration

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.

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.

A hand up for small and medium-sized businesses in Central America, Panama and the Dominican Republic

Friday, January 26, 2007 - 03:00
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, will launch FINPYME (Financiación Innovadora de PYME), an innovative program for financing small and medium-size companies, in five Central American countries, Panama, and the Dominican Republic starting February 1. The initiative seeks to improve access to financing for smaller companies

Latinos from the Far East

Wednesday, March 1, 2006 - 03:00
By Charo QuesadaWhen Mexicans or Panamanians say they are “going to the Chino for groceries” they are not talking about some Chinese individual that happened to open a business around the corner from where they live. In their countries, the Chinese store has become an institution with a long tradition, providing a large and convenient selection of basic products, at low cost and with convenient business hours.

Technology Helped Reducing Inequality Gap

Thursday, April 21, 2005 - 03:00
A study realized by scholars at the universities of Chicago, Maryland and the Hoover Institution demonstrated that technology is helping reduce inequality in the world. Bary S. Bercker, Tomas J. Philopson, and Rodrigo R. Soares compared “the welfare value of gains in life expectancy with gains in income” to get the “effect of life expectancy on the evolution of world inequality.”

Increasing tax collection

Monday, January 10, 2005 - 03:00
If Central America wants to improve social equity and achieve fast and continuous economic growth, its countries need to increase tax collection and modernize their tax systems, according to a recent study by IDB economists Manuel R. Agosin and Roberto Machado entitled Tax Reform and Human Development in Central America. Regional tax reform is necessary because “Central American states are too small and vulnerable to provide essential public goods for the economic growth and the people’s well being.”