Ready for Take-off in Costa Rica

August 06, 2013
The sevenfold increase in tourism in Costa Rica over the past 25 years has brought with it the challenge to improve the country’s major airport to comfortably accommodate that influx. Costa Rica has stepped up to that challenge by transforming the Juan Santamaría International Airport into one of the best airports in Latin America and the Caribbean.

Public-Private Partnership Transforms a Road System and a Region in Peru

July 26, 2013
A decade ago, the only way to transport goods from the Port of Callao in Lima to the northern part of Peru was on the 183-kilometer Ancón-Huacho-Pativilca road system, a maze of narrow two-lane roads through a series of densely populated areas. For trucks transporting cargo the countless traffic jams cost precious time and money. For the local populations, the costs were felt in terms of congestion, noise and road safety.

Ready for Take-off in Costa Rica

April 16, 2013
The sixfold increase in tourism in Costa Rica over the past three decades has brought with it the challenge to improve the country’s major airport to comfortably accommodate that influx. Costa Rica has stepped up to that challenge by transforming Juan Santamaría International Airport into one of the best airports in Latin America and the Caribbean.

Costa Rica’s main airport completes restructuring, gears up for expansion with IDB, OPIC support

October 17, 2011
$100 million in loans disbursed last month will pave the way for the airport to more than double its passenger capacity Costa Rica’s Juan Santamaría International Airport in San José has successfully completed a three-year restructuring and is preparing to more than double its passenger capacity after partnering with the Inter-American Development Bank (IDB) and the Overseas Private Investment Corporation (OPIC).

IDB backs large infrastructure and natural resource projects in Latin America and the Caribbean

March 25, 2011
$5.4 billion in financing mobilized in the past four years for the region The Inter-American Development Bank (IDB) has provided $2.6 billion in loans to finance key private sector infrastructure and natural resource projects in Latin America and the Caribbean over the past four years and it has mobilized another $2.8 billion in financing for the region through its syndication program.

Harnessing volcanoes’ energy in Nicaragua

March 09, 2011
Sitting on top of a chain of volcanoes, Nicaragua is the ideal candidate to exploit geothermal energy sources. Ironically, though, the country depends on oil and coal for its electricity even as it struggles to keep up with energy demand. The Inter-American Development Bank (IDB) aims to change that through the San Jacinto-Tizate Geothermal Power Project.

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.

Sustainable energy helps reduce costly reliance on fossil fuels in many Caribbean States

September 27, 2010
By Christina MacCulloch The international economic crisis, has hurt the Caribbean economies, mainly by affecting tourism. This has brought a sense of urgency to the region’s need to rely less on costly imported fossil fuels. The need for more energy efficiency is greater than ever, and so is the potential.

The Caribbean and the IDB at a Glance

September 27, 2010
The IDB member countries of the English-speaking Caribbean – The Bahamas, Barbados, Belize, Guyana, Jamaica and Trinidad and Tobago – along with Dutch-speaking Suriname, are brought together by commerce, geography, history and traditions. Their economic situation and development challenges, however, may vary widely.

Promoting social inclusion in Peru through better transportation

August 27, 2010
Transportation is one of the most important areas of the IDB’s work in Peru. With a portfolio of more than $450 million of transportation projects under execution, the IDB is helping improve access to education, health services and the workplace for millions of low-income Peruvians both in the cities and, the Andean highlands.