Lesson on remittances

Wednesday, March 23, 2011 - 03:00
Two IDB experiments shed light on policies to increase savings and remittances of migrants Remittances from migrants bring substantial benefits for countries in Latin America and the Caribbean, a review by the Inter-American Development Bank (IDB) shows. Money sent home increases consumption, investments and lowers poverty rates. However, little has been done to gather evidence on how to increase these beneficial transfers.

IDB releases its 2010 Development Effectiveness Report

Wednesday, March 23, 2011 - 03:00
Report evaluates Bank’s efforts in measuring its development impact in Latin America and the Caribbean The Inter-American Development Bank (IDB) has made strides to boost transparency, accountability and enhance the development impact of its investments in Latin America and the Caribbean, according to the new edition of the IDB’s 2010 Development Effectiveness Overview.

IDB expects to provide more than $500 million to help Latin America and Caribbean prepare for natural disasters

Thursday, March 10, 2011 - 03:00
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.

IDB, governments of Central America, SICA and the international community prepare citizen security strategy for the region

Monday, February 14, 2011 - 17:28
The Inter-American Development Bank (IDB) and senior officials of the US Department of State, the international community and the Central American Integration System (SICA) discussed the progress of the Regional Security Strategy that countries are developing and coordination mechanisms for the fight against insecurity in Central America.

El Salvador will lower childhood anemia rate

Wednesday, February 9, 2011 - 03:00
Bank loan will support the production of micronutrient powder for public and private programs in Central America The Inter-American Development Bank (IDB) will help to reduce the rate of anemia in children under age five in El Salvador and other Central American countries with a loan of US$1.1 million approved today. The program seeks to increase the capacity of the pharmaceutical establishment Ancalmo S.A. de C.V. to produce micronutrients.

Agricultural revenues, employment in Latin American tropical areas likely to decline with deforestation ban

Friday, January 28, 2011 - 12:16
Farmers in Latin America and Caribbean will see billions in lost revenue over the next two decades if a complete ban on deforestation is put in place, highlighting the need for compensatory actions to alleviate poverty in affected rural areas, according to new pilot study by the Inter-American Development Bank (IDB). The study also found that a deforestation ban would have a negligible impact on food prices.

IDB launches second phase of public consultation to discuss strategy on Institutions for Growth and Social Welfare

Wednesday, January 26, 2011 - 03:00
The Inter-American Development Bank (IDB) announced the second phase of public consultations to discuss its draft strategy on Institutions for Growth and Social Welfare. As a key component of the Ninth General Capital Increase in the Resources of the IDB, the strategy will guide the Bank’s operational and analytical work to improve the institution’s impact on economic growth and social welfare.

Inter-American Development Bank and Standard Chartered Disburse First Trade Finance co-loan under the new $200 million Latin American Co-lending Partnership

Tuesday, January 25, 2011 - 03:55
The Inter-American Development Bank (IDB) and the Standard Chartered Bank (SCB) disbursed the first co-loan of the recently signed Latin American Trade Co-lending Partnership (TCLP). The $10 million, 360-day trade finance loan to Banco Industrial e Comercial S.A. (BICBANCO) will facilitate the flow of consumer goods from Brazil to Germany. This is the first of many trade finance loans expected to be disbursed under the partnership.

Speech by the President Moreno before the representatives from non-regional IDB member countries in Israel – 25-26 January 2011

Tuesday, January 25, 2011 - 03:00
Inter-American Development Bank President Luis Alberto Moreno addressed representatives from non-regional member countries gathered in Jerusalem, Israel. Good Afternoon,

IDB's Multilateral Investment Fund supports CoreCo Central America I L.P. Fund

Tuesday, December 21, 2010 - 03:00
The Multilateral Investment Fund (MIF) the Inter-American Development Bank's private-sector arm that promotes opportunity for small and microenterprises, has committed up to $5.5 million to the fund CoreCo Central America I L.P. (“CoreCo”), which will invest in small and medium-sized businesses (SMEs) in Central America.