Finance Ministers of more than 30 countries and high officials of multilateral organizations to meet Oct. 11 at the IDB

October 04, 2017
Finance ministers from 34 countries of the Americas and the Caribbean are expected to attend a high-level meeting on October 11 with executives of the Inter-American Development (IDB), the International Monetary Fund (IMF) and the World Bank (WB) to discuss policy options for financial inclusion and regional trade integration. Argentine Finance Minister Luis Andrés Caputo will chair the Ninth Meeting of Finance Ministers of the Americas and the Caribbean, which will be held at the IDB’s headquarters.

Report: weak dollar, inflation blunting purchasing power of remittances

March 14, 2011
After stabilizing in 2010, money transfers to Latin America and the Caribbean are poised to rise this year, according to the MIF Remittances to Latin America and the Caribbean are likely to rise this year after stabilizing during 2010, although a weaker dollar and higher inflation are reducing their purchasing power in many countries, according to the Inter-American Development Bank’s Multilateral Investment Fund (MIF).

IDB pledges $400 million in new grants for Haiti over two years

March 31, 2010
NEW YORK – The Inter-American Development Bank today pledged to provide $400 million in new grants over the next two years to help Haiti carry out its national recovery plan after the devastating January 12 earthquake.

IDB approves $25 million grant to Haiti for fiscal support

August 27, 2009
The Inter-American Development Bank today announced the approval of a $25 million policy-based grant to Haiti to support priority public expenditures and fiscal reforms. The grant, which will be disbursed in a single tranche, will support the Haitian government’s reforms to increase tax and customs revenues, improve the efficiency of public spending and strengthen the management of public debt.

IDB President Moreno hails Haiti debt relief

June 30, 2009
Inter-American Development Bank President Luis Alberto Moreno today congratulated Haiti for completing a process that will allow the Caribbean country to receive more than $1 billion in debt relief from international financial institutions and donor governments, including some $511 million from the IDB. Earlier, the International Monetary Fund and the World Bank determined that Haiti had reached the so-called “completion point” of the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) and qualified for full benefits under the Multilateral Debt Reduction Initiative.

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.

IDB sees Latin America and the Caribbean weathering turbulence in international markets

April 07, 2008
MIAMI, Florida - The Inter-American Development Bank today sounded a note of optimism on the strength of Latin America and the Caribbean to weather the turbulence roiling international financial markets, but called on the region’s governments to press ahead with pending reforms.

IDB commends Haiti on progress toward debt relief

March 13, 2008
IDB President Luis Alberto Moreno commended Haiti on its progress towards reaching the completion point necessary to secure debt relief by the end of this year.

Migrant workers worldwide sent home more than US$300 billion in 2006, new study finds

October 17, 2007
Migrant workers sent home more than US$300 billion to their families in developing countries in 2006, according to a study released today in Washington, D.C. by the International Fund for Agricultural Development (IFAD) and the Inter-American Development Bank (IDB). “This figure, which is a conservative estimate, shows that the seemingly small sums sent home by migrant workers, when added together, dwarf official development assistance,” said Kevin Cleaver, IFAD’s assistant president.

IDB fund to brief press on findings of first survey of remittances to Haiti

March 01, 2007
The Inter-American Development Bank’s Multilateral Investment Fund (MIF) will hold a briefing for the Haitian press on Monday, March 5 in Port-au-Prince to present the findings of the first survey among people who receive remittances in Haiti. MIF Manager Donald F. Terry, IDB Representative Anna Cecilia McInnis and pollster Sergio Bendixen will speak at the briefing, which is scheduled to take place at 3 p.m. at the Karibe convention center (salon Pré-Function).