May 06, 2009
The Inter-American Development Bank today unveiled its new proposed Independent Consultation and Investigation Mechanism (ICIM)—the process through which affected communities can voice concerns about an IDB project. The ICIM is a draft proposal, which is open to public consultation for civil society groups and other actors to express their suggestions and provide feedback. The idea is to enhance and speed up the investigation process of external allegations.
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.
October 08, 2008
By Matthew Gerhrke, Renso Martinez and Maria Cecilia Rondon, Microfinance Information Exchange, INC. (MIX)Microfinance in Latin America and the Caribbean skyrocketed in 2007, fueled by booming demand for financial services from microentrepreneurs in the region’s fastgrowing economies along with new funding in both debt and deposit. The region and its microfinance institutions (MFIs) remained in the forefront of attractive investment opportunities.
October 08, 2008
POR DIEGO FONSECA
May 20, 2008
In celebration of the centennial and restoration of Buenos Aires' Teatro Colón (Colón Theater), one of the world’s greatest opera houses, the IDB is hosting a lecture by its director, Dr. Horacio Sanguinetti, on Wednesday, May 21st, as well as an art and photography exhibit, opening the same day. The restoration of Teatro Colón is a $25 million project, partially financed by the IDB through a $400 million loan approved in 1998, to support the fiscal reform of the city of Buenos Aires.
March 01, 2006
By Paul Constance
March 01, 2006
By Paul Constance Is it possible to replace an 8,000-person bureaucracy with an autonomous agency run by 47 civil servants? Is it ethical to do so? In El Salvador’s case, the answer to both questions is yes. In 1999, when El Salvador’s government announced plans to create FOVIAL (see link to main article at right, “A smoother road”), it also disclosed that the Ministry of Public Works department in charge of road maintenance would be shut down.
October 21, 2005
More than 10% of the Latin American population suffers some type of disability. This situation requires the creation of public and private spaces and facilities that are accessible to all. A group of IDB experts in public transportation, urban development and social development recently devised operational guidelines on accessibility in urban development projects with universal design principles. They focus on creating access to public environments for all persons, independent of their physical and sensory characteristics.
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.
December 21, 2004
Many poor women in Latin America have trouble entering the labor market. A pilot program to increase women's employability in the region has strengthened training for women in technical schools and improved the quality, opportunities and gender equity in technical training and in the labor market.