Latin America and the Caribbean see slower growth in next four years

March 19, 2009
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

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.

Venture capital for low-income markets

February 26, 2009
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.

Improving avenues towards post-secondary and higher education for indigenous people

April 12, 2006
Considering the sheer diversity of indigenous peoples and languages in Ecuador, Colombia, Guatemala and Nicaragua, with 22 different languages spoken among the majority (60 percent) Mayan population in Guatemala alone, it seems logical that terms like multiethnic, multilingual and culturally pluralistic would be used to describe their national compositions.

Latinos from the Far East

March 01, 2006
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.

The winning card

September 06, 2005
Remittances and a cross-border network of businesses, nonprofits, credit unions, microfinance institutions and other financial players are connected through a debit and stored-value card platform that has one very simple result: everybody wins. The business model, combining efficient use of technology with cheaper remittances transactions and better business for financial institutions, was presented at IDB headquarters by UCLA professor and successful entrepreneur Raúl Hinojosa.

Technology Helped Reducing Inequality Gap

April 21, 2005
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.”

Not quite equal under the law

January 01, 2005
By Charo Quesada On paper, Latin America is almost a model of equitable and gender-neutral justice. Nearly all governments in the region have signed and ratified international agreements guaranteeing access to the courts and equality under the law, regardless of sex.

Indigenous Decade sees mixed results

December 10, 2004
Discrimination explained about half of earnings inequality between indigenous and non-indigenous groups in Latin America (1) in 1994, according to Harry Patrinos, a World Bank expert who co-authored the new study Indigenous People, Poverty and Human Development in Latin America, 1994-2004 . The other half, he points out, could be attributed to human capital development gaps.” How have things improved since then?

Empowering Indigenous Women

March 08, 2004
In commemoration of International Women's Day, the Women’s Leadership and Representation Program (PROLEAD) has announced, a US$120,000 donation financed by the Norwegian government to promote the political and civic participation of indigenous women leaders in the Andean region. "The Inter-American Development Bank (IDB) committed itself at the Summit of Oaxaca to follow-up on specific demands raised by the indigenous women participants. This forms part of a broader Bank effort to support inclusion and diversity in the region.” declared Ana Maria Brasileiro of PROLEAD.