February 15, 2010
Are you happy? Did you smile yesterday? Increasingly economists are putting emotional questions like these at the heart of their studies in an attempt to uncover the links between happiness, human behavior, beliefs and policies. Though crime has received relatively little attention in happiness research, a new study by the Inter-American Development Bank provides surprising insights: Victims of crime are no less happy than others.
March 23, 2009
The Inter-American Development Bank (IDB) is promoting the discussion and analysis of the impacts of the global financial crisis in Latin America and the Caribbean during seminars in Medellín, Colombia, related to the 50th Annual Meeting of the Bank'sBoard of Governors. The discussions will feature government leaders such as Colombian President Alvaro Uribe, Zhou Xiaochuan and governor of the People’s Bank of China, as well as noted experts such as Robert Merton, a Nobel Prize-winner economist.
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.
February 26, 2009
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but it can also be a profitable business venture. This is the concept of IGNIA Fund, which will channel venture capital resources to fund commercially viable growth companies serving the “base of the pyramid,” those persons in Latin America and the Caribbean earning less than $3,260 a year. The IGNIA Fund selects projects with the potential to be expanded on a larger scale, thereby increasing the social and economic impact.
A hand up for small and medium-sized businesses in Central America, Panama and the Dominican Republic
January 26, 2007
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, will launch FINPYME (Financiación Innovadora de PYME), an innovative program for financing small and medium-size companies, in five Central American countries, Panama, and the Dominican Republic starting February 1. The initiative seeks to improve access to financing for smaller companies
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.
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.
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.
November 04, 2004
Doing business in dollars has proved to be risky many times over in Latin America. When the price of the dollar goes up, local exporting companies increase their income and therefore try to export more. But that same exchange rate depreciation spells trouble to all companies indebted in dollars, and big trouble to the ones who owe money in dollars and have income in local currency.
July 30, 2004
The Mexico-European Union Free Trade Agreement, the first such accord between Europe and a country in the Americas, is celebrating its fourth anniversary and 27% growth in bilateral trade volume. (1) However, long-term benefits are not easily measured. The reported effective growth rates - 19% for Mexican exports to the European Union, and 30% for EU exports to Mexico – is considered relatively low compared with Mexico’s 18% increase in exports worldwide.