IDB Group launches Open Innovation Challenge to reduce plastic use

September 26, 2019
Washington, D.C. — The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD.

IDB announces winner of the 2019 Superheroes of Development Award

September 16, 2019
The winning IDB-financed project developed a new solution to monitor public infrastructure works and to empower citizens to evaluate the use of public resources in Honduras. WASHINGTON D.C., September 12, 2019. The Inter-American Development Bank (IDB) announced the winner of the Superheroes of Development contest, an award given to executing agencies that have successfully implemented innovative solutions in projects financed by the IDB.

IDB and GCF partnership set to implement projects in Argentina and Paraguay

March 19, 2019
The Inter-American Development Bank (IDB) received the first tranche of the financial contribution from the Green Climate Fund (GCF) this week. The funds will be used to start implementation of the projects “Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments” in Argentina and “Promoting Private Sector Investments in Energy Efficiency in the Industrial Sector” in Paraguay.

IDB launches Superheroes of Development contest to recognize executing agencies

March 04, 2019
In its second edition, the call for proposals will be open from March 4th to May 17th, 2019. The Superheroes of Development Award will recognize executing agencies of IDB-financed projects that have successfully addressed challenges during its implementation. The contest will identify eight finalists from across Latin America and the Caribbean who will travel to IDB’s Headquarters in Washington, D.C. to present their solutions.

Government of France becomes founding donor of IDB Natural Capital Lab

November 30, 2018
The Government of the French Republic will contribute €24 million to the recently launched Natural Capital Lab of the Inter-American Development Bank, becoming its founding donor. France’s Minister of the Economy and Finance, Bruno Le Maire, and IDB President Luis Alberto Moreno today signed a letter of intent concerning the contribution on the sidelines of the G20 summit in Buenos Aires, Argentina.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

September 24, 2018
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

IDB launches report detailing steps to help avoid social conflicts

September 10, 2018
A new report by the Inter-American Development Bank (IDB) identifies ten key elements that can help projects improve their sustainability and reduce potential social conflicts, from proper community engagement and legal foundations to adequate monitoring of results.

IDB Invest finances Terminal Zarate port expansion in Argentina

January 17, 2018
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will finance the expansion of the Terminal Zarate port, the most important in Argentina's automotive transportation sector and located in a strategic area to move goods and containers from the center and north of the country along its waterways. IDB Invest will provide an A loan of $15 million and the financial institution CIFI will provide a B loan of $15 million.

IDB backs Argentine plan to boost capacity and safety on Cristo Redentor System Corridor on border with Chile

December 01, 2017
The plan will provide direct benefits to 2.3 million people who use the transport system each year and indirect ones to 920,896 residents of cities in the Argentine province of Mendoza The Inter-American Development Bank (IDB) has approved a Conditional Credit Line for Investment Projects of up to $524.3 million for Argentina, which will finance a program designed to boost capacity and improve safety on the Cristo Redentor System Corridor on the border with Chile.

The IDB approves two loans to Argentina for a total of $220 million

November 29, 2017
The IDB will finance an infrastructure and road safety program in the Province of Buenos Aires and the implementation of Argentina’s National Financial Inclusion Strategy Road network capacity and safety in Argentina’s Buenos Aires Province