IDB launches $3 Billion 7-year Fixed Rate Global Sustainable Development Bond

July 14, 2021
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $3 billion 7-year Global Sustainable Development Bond (SDB) benchmark. The transaction pays a semi-annual coupon of 1.125% and matures on 20th July 2028. It was priced with a spread of 7 basis points over mid-swaps, which equates to 8 basis points over 1.250% UST due June 2028 and carries a semi-annual yield of 1.234%. 

Fiscal policies against climate change can help create 15 million jobs

July 12, 2021
Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies Adequate fiscal planning would help the decarbonization of the region's economies create 15 million net new jobs by 2030 A new Inter-American Development Bank (IDB) study, “

Peru to boost productivity, innovation of small businesses with $300 million IDB credit

June 24, 2021
The Inter-American Development Bank (IDB) has approved a $300 million conditional credit line for Peru to support investment in  business innovation and help close the technology gap that holds micro, small and medium-sized enterprises (MSMEs) back.

IDB Group holds forum on sustainable recovery in advance of UN conferences

June 23, 2021
Media Advisory • "One Region, One Commitment"virtual summit will bring together officials from the region to showcase progress in climate and biodiversity policies on the road to COP15 and COP26 • Innovative financial projects and mechanisms that are driving transformations towards net-zero-emission and resilient economies to be presented The Inter-American Development Bank (IDB) will hold the One Region, One Commitment

IDB issues new 5-year global benchmark Sustainable Development Bond

June 21, 2021
Inter-American Development Bank (IDB) rated Aaa/AAA (Moody’s/S&P) priced its first new CAD benchmark of 2021, a 5-year CAD 750 million global bond that matures on June 29th, 2026. The deal was their largest single-day benchmark in recent history exemplifying their role as one of the more prolific issuers in developing the Canadian market with both the domestic and international investor base.

Honduras to improve drinking water and sanitation services with support from IDB

June 11, 2021
Nearly 31,000 households in rural areas and towns of up to 30,000 inhabitants will gain access to water and sanitation services with a US$45 million loan approved by the IDB. The Inter-American Development Bank (IDB) has approved a US$45 million loan to finance the Potable Water and Sanitation Program in Honduras, which will benefit nearly 31,000 households in rural areas and towns of up to 30,000 inhabitants by providing them with new and improved access to these basic services.

IDB launches $600 million 10-year SOFR Index-Linked Global Bond

June 04, 2021
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $600 million 10-year benchmark bond linked to the Secured Overnight Financing Rate (SOFR) index. The transaction pays a quarterly floating coupon of Compounded SOFR + 36 basis points and matures on June 10, 2031. The settlement date is June 10, 2021.

Guatemala will contribute to mitigate climate change with efficient use of firewood

June 04, 2021
The program, financed by an IDB grant, will benefit 225,000 homes in rural and indigenous communities throughout the country. The Inter-American Development Bank (IDB) has approved US$12.98 million in nonreimbursable financing to help Guatemala lessen greenhouse gas emissions in the energy sector through reductions in consumption and efficient use of firewood. 

The Bahamas will boost resilient and inclusive growth with IDB support

May 26, 2021
The Bahamas will boost resilient and inclusive growth to promote business continuity and competitiveness of Micro, Small and Medium Enterprises (MSMEs) as well as their Blue Economy environmental resiliency, with a US$140 million loan approved by the Inter-American Development Bank (IDB).

New program seeks to improve the financial resilience of entrepreneurs and workers

May 17, 2021
The two-year program in Latin America will use behavioral science to help build resilient futures as economies continue to recover. The impact of in-app modifications and notifications on profits, savings, and use of insurance products, considered as the three paths toward financial resilience for small businesses and gig workers, will be studied within digital platforms. If you’ve been thinking more and more about saving money during the past year, you're not alone.