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.

IDB celebrates 100th anniversary, restoration of Buenos Aires' historic Teatro Colón

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.

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.

A hundred years of song and passion

January 01, 2007
The Teatro Colón (“Columbus Theater”), one of the finest opera houses in the Americas, renown worldwide for its acoustics and the world class artists who have graced its stage over the decades, is being renovated in preparation for the celebration of its one hundredth anniversary.

Video art mirrors Latin American socioeconomic issues

December 04, 2006
The IDB Cultural Center opens its Third Inter-American Biennial of Video Art Exhibit on December 4 to broaden the discussion of economic and social issues in Latin America and the Caribbean through the creative channel of video art and documentaries.  This new video art exhibit, which runs through January 19, displays a great deal of diversity and offers different visions of current issues in the region, ranging from  faulty social policies and chaotic cities to ecological disasters.

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.

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.