The Caribbean and the IDB at a Glance

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.

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.

Protecting the Little Guy

September 14, 2006
What does the international promotion video of ChileCompra—the Chilean government’s web portal for public announcements of competitive bids—have in common with Peruvian police boots or with a stream of government contracts in the Bolivian city of Oruro? These are all cases of microenterprises participating in public bidding and competing with the big traditional suppliers.

Latin America moves ahead despite external threats

October 31, 2005
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.

More growth or less inequality?

September 20, 2005
Increased investment, low inflation, an improved fiscal situation, decreased unemployment. Latin America and the Caribbean have been hearing plenty of good news the past 18 months. A group of renowned economists analyzed the situation at a seminar hosted by the IDB Research Department to honor IDB President Enrique V. Iglesias, who will retire on September 30. Iglesias himself opened the seminar, which was chaired by IDB Chief Economist Guillermo Calvo, with the participation of Ricardo Hausmann, Michael Mussa, José Antonio Ocampo and John Williamson.

Exporting is not enough

August 02, 2004
Latin American exports have done well in terms of volume during the last quarter century. Indeed, they have exceeded the expansion of world trade. But even with the edge in trade, economic growth has been disappointing throughout the region. Isn’t export promotion the key to growth, according to the mantra of 70’s? That’s what everyone used to believe; but time has shown clearly that stimulating growth requires much more than just increasing exports.

Three keys for regulating public services

June 14, 2004
Three regulatory principles for promoting private investment and providing adequate coverage of public services were put forward by Sergio Espejo Yaksic, Supervisor of Electricity and Fuel in Chile, at a seminar held at the IDB. Using Chile's successful experience as a model, Espejo pointed out that sound regulation of rates was essential for promoting private investment in public services. Good regulation should enable investors to earn a reasonable profit, and at the same time ensure that consumers receive the services they need.