Haitian firm becomes Caracol Industrial Park's second tenant

July 24, 2012
Peintures Caraïbes plans to produce paint for the domestic market and to export to CARICOM countries CARACOL, Haiti – In a ceremony led by President Michel Martelly, Haitian paint manufacturer Peintures Caraïbes Tuesday signed a contract to become the second tenant of the Caracol Industrial Park, a project financed by the Inter-American Development Bank (IDB) and the United States government.

Two Years On, Haiti Turns a Page

January 09, 2012
As it approaches the second anniversary of the January 2010 earthquake, Haiti is determined to show the world that it is “open for business”

Improving the business climate in the Caribbean

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.

Haiti: doing the right things right

March 23, 2011
Report on development effectiveness summarizes IDB’s post-earthquake response The 2010 Development Effectiveness Overview—a report on how the IDB designs its projects, measures their results and assesses their alignment with countries’ needs—includes a special chapter on the Bank’s response to last year’s earthquake in Haiti.

IDB expects to provide more than $500 million to help Latin America and Caribbean prepare for natural disasters

March 10, 2011
Financial disaster preparedness is a growing concern in Latin America and the Caribbean. Last year the region saw devastating earthquakes in Chile and Haiti and an active hurricane season that impacted Central America and Mexico. In addition, the La Niña-related weather phenomenon has brought severe flooding to Venezuela, Colombia and Brazil, among others.

From rags to fashion

January 19, 2011
Hans Garoute is obsessed with Vietnam. If that Asian nation, which until relatively recently had no textile industry to speak of, can fashion $400 suits, why is his own country, Haiti, despite its long tradition of sewing, focused on cheap T-shirts?

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.

Back in business

May 27, 2010
This season’s first shipments of organic mangos from the Carifresh fruit packing plant left for the United States the last week of April, almost two months later than usual. But this is not a normal season.

Happiness and violence in Argentina: crime victims tend to favor more lenient measures

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.

Latin America and the Caribbean see slower growth in next four years

March 19, 2009
Latin American and Caribbean leaders expect per capita income to fall or grow moderately in the 2009–2012  period and governments to rely more on financing from international institutions, according to a survey by the Inter-American Development Bank (IDB). The expectations contrast sharply with the recent economic performance in the region, where product per capita grew 4.1 percent annually in the past five years.