IDB highlights strengths of Central America in the face of external economic challenges

April 03, 2019
Two new studies on the region examine the current economic landscape and the work that the IDB Group has carried out over the last year. The economy of Central America and the Dominican Republic has continued to grow over the past year, although at significantly different rates depending on the country. For 2018, growth is estimated at 3.8 percent, a level similar to that of 2017, thanks to a robust economic performance by the region´s main trading partner, the United States.

Fintech activity in Latin America spreads to 18 countries

January 17, 2019
1,166 FINTECH VENTURES HAVE BEEN IDENTIFIED, AN INCREASE OF 66 PERCENT COMPARED TO 2017 The report Fintech en América Latina 2018: crecimiento y consolidación (Fintech in Latin America 2018: Growth and Consolidation), published today by the Inter-American Development Bank and Finnovista, identified 1,166 financial technology startups (Fintech), a rise of 66% since the first study published by the two organizations in 2017.

Global Alliance to Promote the Use of Blockchain in Latin America and the Caribbean

October 30, 2018
Representatives of the IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, together with representatives of the world's leading technology and consulting companies, announced today the launch of LAC-Chain, a new alliance to promote the use of blockchain in Latin America and the Caribbean. The presentation of this new alliance took place at the FOROMIC 2018 conference, which is being held this year in Barranquilla, Colombia.

Multilateral banks reaffirm pledge to support resilient, sustainable infrastructure

October 13, 2018
IDB President Luis Alberto Moreno participates in the opening session BALI, Indonesia - The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable.

Argentina to invest in sustainable energy with IDB support

July 26, 2018
Loan of $100 million from the Green Climate Fund will benefit Small and Medium Enterprises investing in renewable energy and energy efficiency projects Argentina will increase Small and Medium Enterprises (SME) investments in renewable energy and energy efficiency by providing greater access to finance, with a $100 million loan approved by the Inter-American Development Bank. 

Business Forum brings together private and public sector leaders to promote infrastructure investment and integration

March 23, 2018
Argentine ministers and Mendoza governor take part in event held ahead of IDB Annual Meeting MENDOZA, Argentina – The III Business Forum opened today with the participation of nearly 900 business leaders and government officials from 30 countries, who convened to discuss an ambitious agenda focused on boosting investments in infrastructure, promoting regional economies, and speeding up regional integration in Latin America and the Caribbean.

Italy to contribute to IDB Transparency Fund

January 24, 2018
Italy is joining Norway, Canada and MasterCard as a partner and contributor to the Inter-American Development Bank’s Transparency Fund , a vital tool to help countries strengthen their anti-corruption and pro-transparency reforms. The government of Italy has donated €1 million. 

MIF invests in NXTP Labs’ Impact Investing Fund for Latin American Tech-Driven Social Enterprises

June 01, 2017
The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) has approved an equity investment of US$5 million in an impact investing fund for Latin American tech-driven social enterprises. The MIF is the first anchor investor in the NXTP Labs Fund providing seed capital for approximately 32 companies in technology verticals such as FinTech, AgTech, EdTech, CleanTech, Marketplace, SaaS for SMEs, Collaborative Economy and Disruptive Technologies, among others.

IIC to boost competitiveness of soybean crushing complex in Argentina

May 31, 2017
The Inter-American Investment Corporation (IIC), the International Finance Corporation (IFC) and Coöperatieve Rabobank U.A. (‘Rabobank’) signed a US$410 million financing package with Renova S.A. to finance the expansion of the world’s largest soybean crushing plant, located in Argentina.

Latin American and Caribbean exports increase for the first time in four years

May 22, 2017
A new report by the IDB estimates a year-on-year growth rate of 17 percent in the first quarter of 2017 After four consecutive years of contraction, Latin American and Caribbean exports returned to a path of growth. In the first quarter of 2017, the value of goods exports increased 17 percent year-on-year, having contracted 2.9 percent in 2016. The recovery was driven primarily by a rebound in commodity prices, according to an analysis conducted by the Inter-American Development Bank (IDB) using detailed data for 25 countries in the region.