June 14, 2022
Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Brazilian Deputy Minister of Economy Marcelo Guaranys signed a commitment to broaden technical support for the Brazilian Ministry of Economy to align its policies with the best practices of OECD countries. A recent IDB study outlines efforts the Ministry has undertaken that follow OECD practices and contribute to the country's efforts to accede.
June 14, 2022
The Brazil Investment Forum (BIF) highlights the country’s biggest economic opportunities, including over $7.8 billion in nearshoring potential. IDB President Mauricio Claver-Carone opened the two-day event, featuring nine panels and a session led by the IDB Group.
June 09, 2022
The Inter-American Development Bank (IDB) and the Government of France, through the French Development Agency (AFD), to continue expanding their productive partnership in LAC. The IDB-AFD joint pipeline for 2022 has identified areas of collaboration of $593 million for the private sector and over $1.5 billion in sovereign guaranteed operations in Costa Rica, Dominican Republic, Colombia, and Ecuador.
April 27, 2022
Tax revenues in Latin America and the Caribbean (LAC) fell by 8.0 percent on average in nominal terms and by 0.8 percent as a share of GDP in 2020 because of the COVID-19 pandemic, according to a new report released today. However, the region’s economic recovery and a rebound in commodity prices supported a recovery in tax revenues in 2021.
March 17, 2022
Agence Wallonne à l’Exportation et aux Investissements Etrangers (AWEX) has contributed $2 million to support IDB’s Amazon Initiative.
March 14, 2022
According to the latest IDB Group report, Costa Rica, El Salvador, Guatemala, Nicaragua, and the Dominican Republic have already recovered pre-pandemic economic activity levels. During 2021 the IDB Group approved $3.38 billion in financing to support the productive sector, inclusive recovery from the COVID-19 crisis, employment, value chains, and digitalization.
March 10, 2022
Suriname will implement a program to restore its macroeconomic and fiscal sustainability with a $50 million loan approved by the Inter-American Development Bank (IDB). The loan will help Suriname to implement their economic reform programs in which they address the country’s macroeconomic and fiscal challenges while allowing the country to continue servicing its debt.
March 01, 2022
Korea-IDB partnership to expand with a new contribution to the Korea Public Capacity Building Fund (KPC) managed by the IDB. This contribution is the first installment of a $20 million pledge made by Korea to the KPC in late 2021.
November 22, 2021
The Brazilian state of Sergipe will strengthen its fiscal management to improve fiscal sustainability with a $27.9 million loan from the Inter-American Development Bank (IDB). The project will finance measures to modernize fiscal and public spending management as well as improve tax administration.
November 05, 2021
The Brazilian state of Mato Grosso will modernize its fiscal management with a $56.3 million loan from the Inter-American Development Bank (IDB). The initiative will strengthen fiscal sustainability, improve the efficiency of public spending, and increase fiscal transparency.