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.

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.

Venture capital for low-income markets

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.

Acting smart when income grows

March 27, 2008
The expansive economic cycle in Latin America rests largely on the rise of key commodity prices, but experience suggests caution in thriving years.

A slimmer bottle leads to fatter profits

June 01, 2007
Small business owner Miguel Maccagno sits in his factory office in the low-income neighborhood of Matanza outside Buenos Aires, examining identical-looking plastic bottles for the juice drinks his plant produces and pondering their impact on its competitiveness. By shaving 14 grams off the bottles' weight, he can lower costs enough for his firm, Agroindustrias Río Tercero, to compete with the large U.S., Brazilian and Chilean firms that have cornered the low end of the local market.

Grasping climate change challenges

March 12, 2007
A recent climate change initiative approved by the IDB amid increasing signs of the adverse impacts and costs of climate change provides a favorable environment to pursue opportunities for making economic growth more "green." Speaking at IDB headquarters, the Executive Secretary of the United Nations’ Framework Convention on Climate Change, Yvo de Boer, called for climate change mitigation and adaptation for developing countries.

A home-grown solution for Latin America’s water crisis

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.

Latin America moves ahead despite external threats

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.

Without accessibility many opportunities get lost

October 21, 2005
More than 10% of the Latin American population suffers some type of disability. This situation requires the creation of public and private spaces and facilities that are accessible to all. A group of IDB experts in public transportation, urban development and social development recently devised operational guidelines on accessibility in urban development projects with universal design principles. They focus on creating access to public environments for all persons, independent of their physical and sensory characteristics.