December 23, 2011
A Trinidadian bank offers mountain village kids broader horizons If all goes according to plan, by the time the next academic year begins in September, Furcy will have a brand new public school. The facility, which will replace the old one toppled by the 2010 earthquake, will be built following strict construction standards. And as its principal, Francius Saintilus, remarked at a recent groundbreaking ceremony, the new school will have a big impact in this village in the mountains behind Port-au-Prince.
November 03, 2011
Before the project started in 2008, Saint Marc had running water for nine hours a week, at best. At present service is up to 10 hours a day—the highest average in any urban area in Haiti.
March 25, 2011
Several IDB programs are helping the region diversify its economy and attract new investments The Inter-American Development Bank (IDB) is financing several programs to improve the business environment, foster diversification and enhance competitiveness in the Caribbean.
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.
May 06, 2009
The Inter-American Development Bank today unveiled its new proposed Independent Consultation and Investigation Mechanism (ICIM)—the process through which affected communities can voice concerns about an IDB project. The ICIM is a draft proposal, which is open to public consultation for civil society groups and other actors to express their suggestions and provide feedback. The idea is to enhance and speed up the investigation process of external allegations.
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.
December 27, 2007
Ever since 1992, the 500th anniversary of the arrival of Spanish explorers in the Americas, modern-day Spanish adventurers have vigorously set out to establish new links with Latin America. The leaders of this new wave of Spanish presence in Latin America are big-business giants, the industrial and financial investors that have bought up Latin enterprises Repsol oil company, Telefónica de España and Enersis electricity utility and the banking groups Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Santander Central Hispano (BSCH).
December 26, 2007
Last year’s Inter-American Award for Excellence in Social Entrepreneurship went to Sister Ruth Montrichard and Father Gerard Pantin for their long-standing commitment to improving the lives of low-income people in Trinidad and Tobago by combining sound business practices and social commitment to promote microenterprise and community development.
May 25, 2005
Identifying the human immunodeficiency virus (HIV) in the Caribbean is one of the most critical challenges. The Caribbean region is second to Africa in this regard. In response to create HIV/AIDS (acquired immunodeficiency syndrome) awareness, a performing arts program in the Caribbean takes central stage, making young people aware of social risks, highlighting the need for prevention and the promotion of social development. The program, merging cultural expression with social needs, has been particularly successful in raising awareness about the risks and prevention of HIV infection.