The Smart Fight Against Beach Erosion and Natural Disasters in Barbados
March 04, 2013
The construction of a kilometer-long boardwalk between Rockley and Coconut Court on the southern coast of Barbados is not only a tourist attraction—it also provides safe access to beaches and has increased beach width by nearly 20 meters.
Paraguay and the IDB: partners in development
December 15, 2011
Paraguay is a founding member of the Inter-American Development Bank (IDB) and the Bank’s partner in development Through an ongoing process of cooperation, financing has been provided to the Paraguay to carry out major works, which have spurred the country’s economy. This year, the Bank’s portfolio of projects in execution in Paraguay totals 27 sovereign guarantee operations for $755.27 million, of which $445.9 million are pending disbursement.
A water turnaround in Haiti
November 03, 2011
Before the project started in 2008, Saint Marc had running water for nine hours a week, at best. At present service is up to 10 hours a day—the highest average in any urban area in Haiti.
A small price to pay
November 03, 2011
GOMIER, Haiti – Danette François used to walk 30 minutes to fetch water from a well in this seaside village. The water was free but brackish and untreated. Her children often fell ill. She now spends a few minutes each day to fill a 5-gallon bucket of chlorinated water, paying a community-established fee of one gourde— the equivalent of two cents. “The price? It’s really cheap, like a gift,” said François, who has five children between the ages of 10 and 4. “I’m happy. My kids are not getting sick.”
Costa Rica’s main airport completes restructuring, gears up for expansion with IDB, OPIC support
October 17, 2011
$100 million in loans disbursed last month will pave the way for the airport to more than double its passenger capacity Costa Rica’s Juan Santamaría International Airport in San José has successfully completed a three-year restructuring and is preparing to more than double its passenger capacity after partnering with the Inter-American Development Bank (IDB) and the Overseas Private Investment Corporation (OPIC).
IDB expects to provide more than $500 million to help Latin America and Caribbean prepare for natural disasters
March 10, 2011
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.
Recycling: an opportunity for change in Colombia
February 14, 2011
Colombians change their life and transform their family’s financial situation through a recycling project supported by the IDB Óscar Restrepo never imagined that recycling garbage could change his life. Previously a construction worker, he now owns a small business that gives him a monthly income of US$490 a month; six years ago his monthly earnings were only US$40.
Mesoamerica renews push towards integration
October 25, 2010
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.
The Caribbean and the IDB at a Glance
September 27, 2010
The IDB member countries of the English-speaking Caribbean – The Bahamas, Barbados, Belize, Guyana, Jamaica and Trinidad and Tobago – along with Dutch-speaking Suriname, are brought together by commerce, geography, history and traditions. Their economic situation and development challenges, however, may vary widely.
Central America's integration is in full swing
July 21, 2010
In late July, the first substation of the Central American Electrical Interconnection System (SIEPAC) is opening in Costa Rica. A week later, the substation in Panama will be ready to operate. Towers, lines and cables are already in place, so the southern section of the nascent Central American electricity market will soon be a reality. PAC53 - Road from La Chorrera to Arraijan, in Panama.