Monday, March 23, 2009 - 03:00
The Inter-American Development Bank (IDB) is promoting the discussion and analysis of the impacts of the global financial crisis in Latin America and the Caribbean during seminars in Medellín, Colombia, related to the 50th Annual Meeting of the Bank'sBoard of Governors. The discussions will feature government leaders such as Colombian President Alvaro Uribe, Zhou Xiaochuan and governor of the People’s Bank of China, as well as noted experts such as Robert Merton, a Nobel Prize-winner economist.
Tuesday, March 17, 2009 - 03:00
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.
Thursday, February 26, 2009 - 03:00
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.
Thursday, February 26, 2009 - 03:00
Throughout Latin America low-income neighborhoods have difficulty in paving city streets. Municipalities are typically short of funds, and many informal urban settlements have not yet been properly incorporated into the tax base. An innovative solution has been devised by CEMEX, a multinational cement company based in Mexico, to mobilize both public and private resources to pave streets in low-income neighborhoods.
Monday, June 23, 2008 - 03:00
When the sovereign debts of both Brazil and Peru were upgraded to investment levels by international rating agencies in the first quarter of 2008, the two nations joined an exclusive club of financial winners whose other two Latin American members were Mexico and Chile. Mexico’s debt became investment grade in 2000, while Chile’s achieved that status in 1992.
Wednesday, May 31, 2006 - 03:00
Some say that the origins of Chicago’s Mexican community can be traced down to the city block, with Michoacanos living on one and Zacatecanos on another nearby. Whether this is an accurate depiction of Mexican migrant settlement patterns or not, the idea of maintaining a strong connection with one’s roots is an important part of the lives of many migrants, and is also the driving force behind the formation of transnational migrant organizations, or Hometown Associations (HTAs).
Monday, October 31, 2005 - 03:00
Many fear the possibility of interest rate hikes and a global recession if the “Chinese addiction” to buying dollars comes to an end, expressed the IDB Chief Economist, Guillermo Calvo. But the seven largest economies in Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela, also known as the LAC-7) are currently growing fast. Stock prices went up 174% in the past two years, bank credit and foreign investment are increasing, and commodity prices have also enjoyed a boost.
Tuesday, September 6, 2005 - 03:00
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.
Monday, March 28, 2005 - 03:00
A system that helps entrepreneurs in microbusiness and simultaneously grants them consumption credit, known as Empresariado Azteca, is working successfully in the shops of the Mexican chain Elektra. The system bets on the future of low-income individuals with good business ideas, so that they can turn their ideas into companies or expand already established businesses.
Thursday, November 4, 2004 - 03:00
Doing business in dollars has proved to be risky many times over in Latin America. When the price of the dollar goes up, local exporting companies increase their income and therefore try to export more. But that same exchange rate depreciation spells trouble to all companies indebted in dollars, and big trouble to the ones who owe money in dollars and have income in local currency.