Innovation is the key to sustainable development in Latin America and the Caribbean

November 08, 2010
The countries of Latin America and the Caribbean are making comparatively low investments in research and development, and the region’s private sector is also comparatively under-represented in R&D spending, according to a new study by the Inter-American Development Bank. Through a comparative analysis of R&D investments in developed countries, the study, entitled “The need to innovate,” concludes that companies in Latin America and the Caribbean have favored technology procurement strategies instead of promote endogenous generation of technology and new ideas.

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.

Inter-American Development Bank named Best Multilateral by LatinFinance

November 07, 2008
LatinFinance, the leading source of financial market intelligence for the Latin American and the Caribbean, named the Inter-American Development Bank (IDB) as the best multilateral institution this year. LatinFinance praised the bank’s efforts to finance the largest ongoing infra-structure projects in the region, highlighting the bank’s innovative lending instruments.

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.

Environmental action as a source of revenue

February 18, 2005
The 1997 Kyoto Protocol to the United Nations Framework Convention on Climate Change, which takes effect on Feb. 16, brings Latin America and the Caribbean an opportunity to link sustainable economic development with environmental protection. Under the Kyoto Protocol, roughly 30 of the world’s industrialized nations have agreed to reduce greenhouse gas emissions below 1990 levels by the year 2012.

Environmental and social safeguards in place for Camisea

October 09, 2003
To assure protection of the ecologically fragile region where the production and processing plants of the Camisea natural gas project are being built in Peru, the IDB has established environmental and social requirements and monitoring and supervising the entire project, not just the pipeline the Bank is helping to finance. The IDB's participation in the project has spurred positive measures that will make Paracas bay --where ships will load Camisea's natural gas liquid products-- cleaner than it was before the project began.