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).

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.

The growing role of Latin American currencies

June 23, 2008
When the sovereign debts of both Brazil and Peru were upgraded to investment levels by international rating agencies in the first quarter of 2008, the two nations joined an exclusive club of financial winners whose other two Latin American members were Mexico and Chile. Mexico’s debt became investment grade in 2000, while Chile’s achieved that status in 1992.

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.

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, Fundacion BBVA para las Microfinanzas to promote expansion of microfinance services in Latin America

October 04, 2007
SAN SALVADOR – The Inter-American Development Bank and Fundacion BBVA para las Microfinanzas (BBVA Foundation for Microfinance) today signed a memorandum of understanding to work together on activities to expand access to microfinance services in Latin America. IDB President Luis Alberto Moreno and the president of Fundacion BBVA para las Microfinanzas, Manuel Antonio Mendez del Rio, signed the document in a ceremony held during the Tenth Microenterprise Forum.

Survey finds lower percentage of Mexican migrants sending money home from the United States

August 08, 2007
A significantly lower percentage of Mexican migrants are sending money to their homeland from the United States than last year, according to the results of a survey released today by the Inter-American Development Bank’s Multilateral Investment Fund (MIF).

IDB fund to invest up to $10 million in microfinance institutions in Colombia, Dominican Republic, Honduras and Mexico

July 02, 2007
The Inter-American Development Bank’s Multilateral Investment Fund (MIF) today announced it will invest up to $10 million in a project to establish new microfinance institutions in Colombia, Dominican Republic, Honduras and Mexico. The MIF, an autonomous fund administered by the IDB, promotes private sector development in Latin America and the Caribbean, with an emphasis on microenterprise. Since its establishment in 1992 the fund has supported the expansion of the leading microfinance networks in this region.

IDB approves $105 million in partial credit guarantees for Mexican mortgage lender Metrofinanciera

October 24, 2006
The Inter-American Development Bank today announced the approval of $105 million in partial credit guarantees for Metrofinanciera S.A. de C.V., a Mexican lender specialized in providing mortgages to low- and middle-income clients and financing for housing developers.