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.
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.
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.
March 09, 2011
Sitting on top of a chain of volcanoes, Nicaragua is the ideal candidate to exploit geothermal energy sources. Ironically, though, the country depends on oil and coal for its electricity even as it struggles to keep up with energy demand. The Inter-American Development Bank (IDB) aims to change that through the San Jacinto-Tizate Geothermal Power Project.
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.
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.
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.
March 17, 2009
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.
February 16, 2007
Eduardo Cofiño, an enterprising businessman and admirer of the tropical forest, is the government’s adviser for the sustainable development program of Guatemala’s Peten region. For more than 10 years, Cofiño has carried on the struggle to protect the Mayan forest from the dangers of land misuse arising from drug trafficking and poverty, among other sources. During his presentation at IDB headquarters in Washington, DC, Cofiño laid out a plan for developing the area, which faces serious conservation problems despite its natural and cultural richness.
March 04, 2005
Between 1981 and 2000, Central and South America were the areas in the world with the highest number of fatalities caused by natural disasters. The region accounted for over 100,000 deaths, more than 90 percent of the total recorded fatalities worldwide. Damage was estimated at a cost of around $24.2 billion, according to the Landslide Observatory in the Joint Center for Earth Systems Technology at the University of Maryland and the International Landslide Centre at the University of Durham in the United Kingdom.