February 13, 2012
More than $110 million of impact investing resources were mobilized by the IDB over the past 18 months to finance profitable projects that bring about social change Despite stellar economic performance in recent years, Latin America and the Caribbean still have a long way to go to address pressing development needs, such as reducing poverty, improving educational outcomes and enhancing access to reliable health services.
October 05, 2011
Innovative approaches can boost women’s economic presence among small business owners in Latin America and the Caribbean Over the past three decades, women in Latin America and the Caribbean have dramatically increased their role in the workforce. Currently, about half of women in the region are economically active, more than double the level in the 1970s. They have been elected presidents of several Latin American countries and often dominate the microenterprise and microfinance sector, providing an important contribution to regional economies.
March 25, 2011
$5.4 billion in financing mobilized in the past four years for the region The Inter-American Development Bank (IDB) has provided $2.6 billion in loans to finance key private sector infrastructure and natural resource projects in Latin America and the Caribbean over the past four years and it has mobilized another $2.8 billion in financing for the region through its syndication program.
August 27, 2010
Mibanco – Banco de la Microempresa S.A. will increase microfinancing to women entrepreneurs in Peru with the equivalent of $36 million in Peruvian soles provided by the IDB’s syndicated loan program.
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.
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.
December 27, 2007
By Lucy Conger Bankers are seeking out microbusinesses and self-employed entrepreneurs these days for a simple reason: in developing countries, they represent an enormous market crying out for financing, and these businessmen and -women have proved to be solid credit risks. “When we looked around, we became aware that microenterprises were the majority segment,” making up over 70 percent of the work force, says Danilo Chavez, operations and finance manager for Solución, the arm of Banco de Crédito del Perú that serves nonconventional banking customers.
December 27, 2007
By Lucy CongerA Sewing Microenterprise On the second floor of a dingy warehouse in central Lima, Leydi Caycho Valencia works at a sewing machine putting appliqués on fabric for baby’s clothing. Her business, called Natural, operates out of a well-lit 9-by-12-foot corner space where she and her four employees work churning out cheerily adorned jumpers and smocks for tots.
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.