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.

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.

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.