Villa La Angostura’s rebirth

November 07, 2012
Mother Nature has mysterious ways—it can create incredible beauty and it can also turn it into an instant nightmare. That is exactly what happened in idyllic Villa La Angostura, a popular winter ski destination and summer lake resort in Argentina’s Patagonia that ended up covered by thousands of tons of ashes when the nearby Puyehue volcano erupted in June 2011.

Costa Rica’s Huétar Norte Region to boost competitiveness of micro and small firms with MIF support

October 05, 2011
$1 million investment will foster innovation and create first carbon footprint management model for firms in the nation With a vast agricultural, scenic and environmental richness, the Huétar Norte Region is little known outside of Costa Rica, and even internally its productive and touristic potential is not fully explored. More than half the milk produced in the country comes from that area, which covers 20 percent of the national landscape and it is home to only 7 percent of Costa Rica’s population.

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.

Mesoamerica renews push towards integration

October 25, 2010
The presidents of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Mexico, Colombia and the Dominican Republic will meet tomorrow, Oct. 26, in Cartagena, Colombia at the XII Summit of the Tuxtla Mechanism for Dialogue and Coordination. The heads of state will be informed of the progress made by the Mesoamerica Project in terms of regional integration and will decide further courses of action.

Central America's integration is in full swing

July 21, 2010
In late July, the first substation of the Central American Electrical Interconnection System (SIEPAC) is opening in Costa Rica. A week later, the substation in Panama will be ready to operate. Towers, lines and cables are already in place, so the southern section of the nascent Central American electricity market will soon be a reality. PAC53 - Road from La Chorrera to Arraijan, in Panama.

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.

A biodiesel odyssey

August 01, 2007
Some people travel in order to find themselves. Others travel to find sources of clean, renewable fuels. Last April, exactly 50 years after Jack Kerouac published “On the road,” one of the defining novels of the Beat Generation, a group of young professionals gathered in Washington, D.C., to embark on a very different kind of road trip.

Promoting Nature- and Culture-Based Tourism

June 26, 2007
A reserve of 730 hectares of cloud forest in rural Ecuador is part of a community project known as Santa Lucía that seeks to conserve nature through ecotourism and generate new income for local campesino families who manage their own resources.

Grasping climate change challenges

March 12, 2007
A recent climate change initiative approved by the IDB amid increasing signs of the adverse impacts and costs of climate change provides a favorable environment to pursue opportunities for making economic growth more "green." Speaking at IDB headquarters, the Executive Secretary of the United Nations’ Framework Convention on Climate Change, Yvo de Boer, called for climate change mitigation and adaptation for developing countries.

A home-grown solution for Latin America’s water crisis

March 01, 2006
By Luis Alberto Moreno*As delegates gathered at the IV World Water Forum in Mexico City earlier this month, many were asking whether the private sector still has a role to play in solving the critical sanitation problems of the developing world.