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

Tuesday, October 30, 2018 - 11:45
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

Saturday, October 13, 2018 - 16:41
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.

Paraguay to promote private sector investments in energy efficiency with IDB support

Thursday, July 26, 2018 - 11:48
The $20 million loan with Green Climate Fund resources will scale up the small and medium enterprises investments in energy efficiency in the industrial sector Paraguay will promote improved long-term productivity and energy efficiency investments by Small and Medium Enterprises (SMEs), with a $20 million loan approved by the Inter-American Development Bank (IDB).

IDB backs measures to boost productivity in Paraguay

Wednesday, November 22, 2017 - 19:00
Loan of $200 million will support key measures to develop the private and financial sectors  The Inter-American Development Bank (IDB) has approved a $200 million policy-based loan to support reforms aimed at boosting economic productivity in Paraguay.  The reforms are key to improving inclusive and sustainable growth in Paraguay in a context marked by international financial uncertainty, the economic evolution of its main trading partners and a fall in commodity prices. 

IIC finances transmission line to connect renewable energy projects in Uruguay

Tuesday, July 18, 2017 - 03:00
The Inter-American Investment Corporation (IIC), the private sector arm of the IDB Group, signed a US$56 million senior A-loan and a US$25 million B-loan from BBVA to Difebal S.A, a special purpose vehicle fully owned by Terna, the largest transmission system operator in Europe.

The IIC supports the deployment of 4G LTE broadband in Paraguay

Tuesday, July 11, 2017 - 13:58
The Inter-American Investment Corporation (IIC), the private sector arm of the IDB Group, has signed a guaranteed 402 billion Paraguayan Guarani loan with Telefónica Celular del Paraguay S.A. (Tigo) to support broadband deployment in the country and boost productivity and economic growth. This transaction reflects the IIC's commitment to fund more telecommunications projects in the region. The loan will support the company's long-term competitiveness strategy and its multi-year investment plan, focused on the deployment of technological infrastructure in Paraguay.

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

Thursday, June 1, 2017 - 03:00
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.

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

Monday, May 22, 2017 - 03:00
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.

IIC finances the Valentines Wind Farm in Uruguay

Tuesday, May 2, 2017 - 03:00
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has disbursed a US$120 million financing package to Areaflin, S.A. to support the construction, operation, and maintenance of the Valentines Wind Farm in Uruguay. The 70 MW project will provide clean energy to over 100,000 Uruguayans at cheaper rates than fossil-fuel based alternatives. It will generate approximately 311.4 GWh of renewable energy per year and will reduce annual emissions by approximately 187,726 tons of CO2e.

More than 800 business and government leaders discuss ambitious integration agenda to compete in global trade

Friday, March 31, 2017 - 03:00
IDB President and Paraguay’s Minister of Industry and Trade inaugurate the Business Forum at the Bank’s Annual Meeting ASUNCION, Paraguay – The Business Forum “Latin America: An Agenda for Growth and Development” opened today, with more than 800 business leaders and high-level government officials from 33 countries. The participants gathered to discuss Forum an ambitious integration agenda to help the region participate in international value chains and compete in global trade.