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.

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.

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.

Natural disaster risks remain high in Latin American and the Caribbean, IDB says

September 30, 2010
Latin America and the Caribbean face potentially crippling economic and social costs from natural disasters and needs to do more to reduce risks and prepare government finances to respond to eventual catastrophes, according to a new set of indicators by the Inter-American Development Bank (IDB).

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.

IDB study suggests large natural disasters unlikely to affect long-term growth

June 18, 2010
Large natural disasters are unlikely to affect long-term economic growth unless they are followed by a radical disruption in the institutional organization of society, a new study by the Inter-American Development Bank (IDB) suggests. The study, which analyses the impact of large natural disasters, sheds new light on whether these occurrences hurt long run economic growth. Current economic theories do not offer a clear answer.

When water and climate converge

March 20, 2010
In Latin America, water is more tightly linked to human potential and economic competitiveness than in any other part of the world. The region has roughly 31 percent of the planet´s freshwater resources, while holding only 8 percent of its population. This huge water advantage enables Latin America to get a 68 percent of all its electricity from hydroelectric sources, compared to a global average of less than 16 percent.

IDB Fund seeks new sustainable tourism projects in Latin America and the Caribbean

March 15, 2010
The MIF, an autonomous fund of the Inter-American Development Bank (IDB) that supports projects for small and microenterprises, will offer grants to finance the creation of small tourism business networks, train entrepreneurs in the region to offer high-quality services and market their services.

From visitors to tourists

March 14, 2010
With the booming Cali as its business center, amazing natural beauty at short distances, a rich historic heritage and a variety of cultural attractions, the Cauca Valley attracts millions of Colombians from other regions every year. The problem is that almost all of them are visitors, not tourists.