Study: Fintech Industry Doubles in Size in Three Years in Latin America and the Caribbean

April 26, 2022
Third edition of IDB, IDB Invest and Finnovista study highlights the rise of the fintech ecosystem in Latin America and the Caribbean, growing 112 percent from 2018 to 2021. The COVID-19 pandemic prompted the digitalization of numerous activities and sped up the adoption and consolidation of digital finance from fintech platforms in the region. Besides the payments and digital lending segment, the largest in the region, other emerging relevant verticals include business technology platforms for financial institutions, digital banks, and insur
2022-04-26

IDB Lab Launches Call to Manage Chemicals and Hazardous Waste in the Caribbean

April 19, 2022
IDB Lab, the innovation laboratory of the Inter-American Development Bank, convened the BlueTech for Waste Challenge, an initiative to find innovative solutions that contribute to the sustainable management of chemicals and hazardous waste in twelve countries in the Caribbean. This call is made in collaboration with the Global Environment Facility (GEF), through its Global ISLANDS program, in order to protect human health and the environment and address the climate vulnerabilities of the region.
2022-04-19

IDB and Finnovista will Launch a Study of Fintech in Latin America and the Caribbean

April 18, 2022
The study Fintech in Latin America and the Caribbean: A Consolidated Ecosystem for Recovery will be launched on April 26 at 9:30 a.m. (Washington, DC time) The Inter-American Development Bank (IDB) and Finnovista will launch the third edition of the flagship study on the state of the Fintech ecosystem in Latin America and the Caribbean on April 26, virtually at 9:30 a.m. Washington, DC time during the opening of the annual FintechLAC meeting.
2022-04-18

IDB Lab Investment Seeks to Digitize Small Businesses in Brazilian Favelas

April 06, 2022
IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, will invest $1.5 million in Brazilian startup, Dolado, to promote the digitalization of micro, small, and medium-sized enterprises (MSMEs) operating in Brazil’s favelas. This capital will allow for the development of a platform that provides small merchants with access to credit and supply chains, as well as management tools that are custom-tailored for their specificities.
2022-04-06

IDB Lab and WeXchange Launch New Call to STEM Women Entrepreneurs

March 21, 2022
The initiative, aimed at fast-growing women entrepreneurs from Latin America and the Caribbean, will be open until April 8. Those selected will have access to investors and to training at a bootcamp organized by Google.
2022-03-21

Central America, Panama and the Dominican Republic are Recovering, but Face Challenges

March 14, 2022
According to the latest IDB Group report, Costa Rica, El Salvador, Guatemala, Nicaragua, and the Dominican Republic have already recovered pre-pandemic economic activity levels. During 2021 the IDB Group approved $3.38 billion in financing to support the productive sector, inclusive recovery from the COVID-19 crisis, employment, value chains, and digitalization.  
2022-03-14

IDB Lab Invites Women Entrepreneurs to Lead LAC's Economic Recovery, host WeXchange Forum

November 30, 2021
The forum will be the first of its kind, LAC Women Founders Accelerator program, to highlight Women entrepreneurs and was developed by IDB Lab, WeXchange and Google, with the collaboration of the Mexican entrepreneurship hub, Centraal.
2021-11-30

IDB and Telefónica Launch Initiative to Connect Entrepreneurs and Corporations

November 07, 2021
Institutional partnership between the two organizations will promote inclusive digital transformation in different areas CIV-LAC is a platform that will help scale up nearly 600 startups through open innovation processes with large and medium-sized companies from Spain and Latin America  MADRID – Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Telefónica Chief Executive Officer José María Álvarez-Pallete met today to strengthen the institutional alliance maintained by both organizations and to continue promoting inclusive dig
2021-11-08

IDB and IDB Invest Gain Board Support on Vision 2025 and Path Toward Capitalization

March 21, 2021
IDB President Mauricio Claver-Carone details “Vision 2025,” as Bank’s agenda focuses on recovery and sustainable growth for region at first Annual Meeting in two years.  Board of Governors approves resolution on recapitalization discussions, supports “Vision 2025.” BARRANQUILLA, Colombia – The Inter-American Development Bank's Board of Governors approved a resolution authorizing the analytic work required to consider a potential capital increase, and overwhelmingly supported the IDB’s “
2021-03-21