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.
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.
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.
May 20, 2008
In celebration of the centennial and restoration of Buenos Aires' Teatro Colón (Colón Theater), one of the world’s greatest opera houses, the IDB is hosting a lecture by its director, Dr. Horacio Sanguinetti, on Wednesday, May 21st, as well as an art and photography exhibit, opening the same day. The restoration of Teatro Colón is a $25 million project, partially financed by the IDB through a $400 million loan approved in 1998, to support the fiscal reform of the city of Buenos Aires.
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.
February 19, 2008
Miami's characteristic intensity and diversity are on display in "Extended Boundary: Latin American and Caribbean Artists in Miami," the new art exhibit presented by the IDB's Cultural Center. The exhibit pays homage to the host city of the IDB's 2008 Annual Meeting of the Board of Governors, to be held in April of this year.
November 19, 2007
Outstanding examples of Latin American art in the possession of embassies, official residences and other government delegations and representatives in Washington DC, are displayed at a new art exhibit organized by the IDB Cultural Center. The exhibit, titled Artful Diplomacy: Art as Latin America's Ambassador in Washington, D.C., features a selection of 59 works of art by major latin American artists, such as Raquel Forner, Roberto Matta, Cándido Portinari, Fernando Botero, Armando Reverón, Héctor Poleo, and Marina Núñez del Prado.
July 06, 2007
Arkansas, home to thousands of Latin American immigrants in the United States, will also be home to a special IDB Art Collection at the Arkansas Arts Center in the state capital, Little Rock, from July 6 to August 19, 2007. This exhibition showcases work from the 26 Latin American IDB member countries, with 62 artists represented, ranging from Cuban Wilfredo Lam to Chilean Roberto Sebastian Matta.
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.