Latin American and Caribbean Women: Better Educated, Lower Paid

October 15, 2012
Even with more education than men, women are still concentrated in lower-paid occupations such as teaching, health care or the service sector. When comparing men and women of the same age and educational level, men earn 17 percent more than women in Latin America.

Paraguay and the IDB: partners in development

December 15, 2011
Paraguay is a founding member of the Inter-American Development Bank (IDB) and the Bank’s partner in development Through an ongoing process of cooperation, financing has been provided to the Paraguay to carry out major works, which have spurred the country’s economy. This year, the Bank’s portfolio of projects in execution in Paraguay totals 27 sovereign guarantee operations for $755.27 million, of which $445.9 million are pending disbursement.

Women entrepreneurs: too often trapped in the microenterprise ghetto

October 05, 2011
Innovative approaches can boost women’s economic presence among small business owners in Latin America and the Caribbean Over the past three decades, women in Latin America and the Caribbean have dramatically increased their role in the workforce. Currently, about half of women in the region are economically active, more than double the level in the 1970s. They have been elected presidents of several Latin American countries and often dominate the microenterprise and microfinance sector, providing an important contribution to regional economies.

Peru’s agriculture gets a boost from IDB-backed projects

August 27, 2010
Five days a week, Liz Villanueva, a biologist at Peru’s Agricultural Health Service (SENASA), oversees the care of a few hundred million of fruit flies. Less than a quarter inch long, these insects are one of the world’s most dreaded pests, and were once responsible for millions of dollars in crop losses in Peru every year.

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.

Youth get training to change course of life

December 12, 2006
Jose Luis Pereira, 26 years old, is the older of six siblings who live in Carabayllo, a suburb of recent expansion and one of the poorest districts of the Peruvian capital. About 150,000 people live there in poverty amidst a lack good employment opportunities.

Latinos from the Far East

March 01, 2006
By Charo QuesadaWhen Mexicans or Panamanians say they are “going to the Chino for groceries” they are not talking about some Chinese individual that happened to open a business around the corner from where they live. In their countries, the Chinese store has become an institution with a long tradition, providing a large and convenient selection of basic products, at low cost and with convenient business hours.

When good intentions bring bad results

March 18, 2005
Many subsidies aimed at helping the underprivileged benefit the rich instead of the poor, according to professor Ramon Lopez from the University of Maryland's Agricultural and Resource Economics Department. And he has 15 years of empirical data in 10 countries in Latin America and the Caribbean to prove it. According to his study, presented at IDB headquarters, some 45 percent of rural public expenditure in the region between 1985 and 2000 was spent on non-social subsidies, imposing a dramatic cost in efficiency, social equity and environmental decay in rural areas.

Full needle ahead

February 01, 2005
By Ana Cecilia Marín AranaUniversidad Particular de Chiclayo, Peru In Peru, millions of jobs move to the mechanical beat of the sewing machine. Today, fashion is more than just that inexplicable fascination some people feel when they give in to the joys of rummaging through the closet in search of that special outfit. And even though many others still see fashion as a trivial concern, it packs a tremendous commercial wallop. Between alpaca and cotton, fashion is starting to mean good news for Peru.

From campesino to exporter

September 03, 2004
A hard-working Paraguayan, a good idea and a start-up $500 loan come together in this rags-to-riches story of a non-Spanish speaker who started selling fruit in his hometown and ended up venturing successfully in the export business. In Guayaibí, one of the poorest and most conflicted-ridden areas of Paraguay, Antonio Bogado started planting bananas and pineapples on a piece of land that belonged to his parents. Initially sold the fruit in nearby areas and later in Asunción, and soon saw himself exporting to Argentina and Uruguay.