IDB ramps up financing for green projects in Latin America and the Caribbean

March 16, 2012
Participate in Twitter using #IDBmtg Bank approved record $736 million in loans last year for private sector projects in renewable energy and energy efficiency The Inter-American Development Bank (IDB) is ramping up lending for private sector projects related to renewable energy and energy efficiency to help bridge the gap for long-term financing for green investments in Latin America and the Caribbean.

Renewable energy to power irrigation in the Atacama desert

December 15, 2011
With support from the IDB, Subsole will be the first company in Chile’s fruit industry to use solar photovoltaic energy The Atacama desert is the driest place on earth and the region with the highest solar radiation on the planet. That’s where Subsole, one of the Chile’s largest locally owned exporters of table fruits, is planning its future growth, and it will use the power of solar energy and energy efficiency to achieve its goal.

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.

What small companies need to grow

May 07, 2008
There are not many angel investors in Latin America and the Caribbean, and venture capital is not that available. But what the region does show is some impressive cases of high growth small and medium sized enterprises (SMEs), providing interesting insights and ideas for policy advice.

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.

Protecting the Little Guy

September 14, 2006
What does the international promotion video of ChileCompra—the Chilean government’s web portal for public announcements of competitive bids—have in common with Peruvian police boots or with a stream of government contracts in the Bolivian city of Oruro? These are all cases of microenterprises participating in public bidding and competing with the big traditional suppliers.

Reaching the Majority: Promising Steps, Future Actions

March 06, 2006
Social programs have at worst downplayed the interactions between program requirements and rates of underdocumentation, or at best fashioned awkward solutions to get around these problems (such as inventing a new identification code for each family in each project). However, there are some promising trends in the region as private, public and international entities take steps to reach those who have been invisible to the system.

Incubating entrepreneurs

February 01, 2006
By Nicole Keller Editor’s note: The writer of this article is the first-prize winner in the 2005 IDBAmérica Scholarship Competition. She studies journalism at the Pontífica Universidad Catolica de Chile. Sometimes it takes Mónica Civilo several hours to find the perfect shade of red. She mixes the paints, looks at them carefully and tries them out many times before she decides to put brush to wood.