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

March 10, 2011
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.

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.

The growing role of Latin American currencies

June 23, 2008
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.

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.

Racial and ethnic disparities in health in Latin America

May 03, 2005
Are Afro-descendants and indigenous peoples in better or worse health than Latin Americans of European descent? Four new studies on race, ethnicity and health in Latin America produced some unexpected and sometimes contradictory results. In poor rural villages in Mexico, for instance, indigenous groups report being in better health than non-indigenous groups, said Ashu Handa, a professor at the University of North Carolina at Chapel Hill. He took data from the PROGRESA cash transfer program for the poor and compared it with the National Health Survey findings.

When good intentions bring bad results

March 18, 2005
Many subsidies aimed at helping the underprivileged benefit the rich instead of the poor, according to professor Ramon Lopez from the University of Maryland's Agricultural and Resource Economics Department. And he has 15 years of empirical data in 10 countries in Latin America and the Caribbean to prove it. According to his study, presented at IDB headquarters, some 45 percent of rural public expenditure in the region between 1985 and 2000 was spent on non-social subsidies, imposing a dramatic cost in efficiency, social equity and environmental decay in rural areas.

A New Government for the XXI Century

March 10, 2005
These past ten years have seen many changes in the national and international level, a great improvement in women health, education, professional and intellectual development, citizen rights, and even women have won more positions in the government, allowing women such as Epsy Campbell to serve directly and with more influence to her fellow Costa Ricans. However, she recognizes that for her, as well as for many other women, enjoying those rights was not easy because in the personal level many times these changes can not be seen.