Mayas, the flight through time

December 19, 2012
A new documentary shows how a 3,500-year-old culture remains vibrant in Mesoamerica When the Mayan people abandoned their cities of gleaming limestone in the 9th century AD, they took with them something far more enduring than monuments: They took their culture.  Over the centuries, as the forest reclaimed these vast temple complexes, the descendents of this great civilization continued to speak their ancestral languages, find meaning in the same cosmology, and even eat the same foods. 

Latin America and the Caribbean see slower growth in next four years

March 19, 2009
Latin American and Caribbean leaders expect per capita income to fall or grow moderately in the 2009–2012  period and governments to rely more on financing from international institutions, according to a survey by the Inter-American Development Bank (IDB). The expectations contrast sharply with the recent economic performance in the region, where product per capita grew 4.1 percent annually in the past five years.

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.

The underserved low-income market in the Caribbean

May 25, 2007
Close to 90 percent of the population in the Caribbean––over 11 million people, mostly in Haiti, Jamaica and Suriname—has an annual income lower than $3,260 or under $300 a month measured in purchasing-power-parity (PPP) dollars. This startling statistics comes from a new report presented at the seminar Opportunities for the Majority (OM) in the Caribbean, held by the IDB in Montego Bay, Jamaica, on May 17—18.

Tourism as an ally in the fight to save Peten

February 16, 2007
Eduardo Cofiño, an enterprising businessman and admirer of the tropical forest, is the government’s adviser for the sustainable development program of Guatemala’s Peten region. For more than 10 years, Cofiño has carried on the struggle to protect the Mayan forest from the dangers of land misuse arising from drug trafficking and poverty, among other sources. During his presentation at IDB headquarters in Washington, DC, Cofiño laid out a plan for developing the area, which faces serious conservation problems despite its natural and cultural richness.

The Mayan world in the digital era

February 09, 2007
The past and future of Guatemala merge in the new IDB Cultural Center art exhibition, honoring the host country of the 48th Annual Meeting of the Board of Governors of the Inter-American Development Bank. Unlike previous art exhibitions at the Cultural Center, the exhibition “Guatemala: Past and Future” is made up of multimedia presentations that portray key elements of Mayan culture in digitally restored versions.

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.

Where Asian culture meets Latin & Caribbean culture

September 28, 2005
Inter-American Development Bank President Enrique V. Iglesias and Integration and Regional Program Department Manager Nohra Rey de Marulanda inaugurated the Contemporary Japanese Garden “Contemporary Karesansui,” located on the Terrace of the new IDB conference center, on September 28. The conference center was opened earlier this year in order to accommodate IDB business meetings more efficiently while undertaking activities in association with the greater metropolitan DC community.