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.
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 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).
September 22, 2010
Income inequality can increase the probability of being emotionally depressed, particularly among people living in urban areas, according to a new study by the Inter-American Development Bank (IDB).
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.
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.
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.
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.
March 04, 2010
Complex tax systems and widespread evasion are distorting investment decisions by companies in Latin America and the Caribbean, reducing the efficiency of markets and preventing governments from investing in infrastructure, education and other key public goods. This hinders the productive possibilities of the region’s economies, according to a newly released study by the Inter-American Development Bank (IDB).
December 07, 2009
Climate change has the potential to undermine many of the advances in social and economic development that Latin American and Caribbean countries have made in recent decades. With support from the IDB, the region’s governments are designing strategies for adapting to different climate change scenarios, applying new technologies to reduce emissions of greenhouse gases (GHGs), and redoubling efforts to achieve sustainable development. Threats to the region