IDB Lab Invests in Colombian Startup to Teach English to Manual Workers

January 11, 2022
The initiative seeks better job opportunities for vulnerable populations IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB), will provide financial support to Slang, the Colombian educational technology startup that is based on machine learning and artificial intelligence, to teach English to manual workers. This investment, worth $1 million, will support students entering the labor market, provide job training, and present opportunities for youth, blue-collar workers, and the unemployed populations of Latin America and the Caribbean.
2022-01-11

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

IDB Group announces priority support areas for countries affected by COVID-19

March 25, 2020
The Group will finance a response to the public health emergency; safety nets for vulnerable populations; economic productivity and employment; and fiscal policies to ameliorate economic impacts. The Inter-American Development Bank and IDB Invest have outlined their focus for deploying the financial and technical resources made available to borrowing member countries and companies to address the crisis created by COVID-19, the disease caused by the coronavirus.
2020-03-26

IDB, Germany and Switzerland partner to transform vocational training in LAC

October 18, 2019
Multi-donor fund of US$13 million will accelerate the transformation of technical and vocational education and training in Latin America and the Caribbean. The Inter-American Development Bank (IDB), the Federal Ministry for Economic Cooperation and Development of Germany (BMZ) and the Government of Switzerland, represented by the Swiss Agency for Development and Cooperation (SDC), have launched the TVET Fund, a new multi-donor fund that aims to transform
2019-10-18

Coding bootcamps as a response to the shortage of digital talent in Latin America

August 05, 2019
A new publication of the Inter-American Development Bank (IDB) entitled “Disrupting Talent: The Emergence of Coding Bootcamps and the Future of Digital Skills”, explores the potential of bootcamps as a fast and effective alternative to solve the shortage of digital talent in Latin America and the Caribbean.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

September 24, 2018
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

Latin America and the Caribbean faces critical skills gap, IDB study finds

August 30, 2017
· Despite spending more than 5% of GDP on education and skills programs, region lags many peer nations · Government actions key to forming workforce capable of dealing with future challenges MEXICO CITY, Mexico - Despite well-intentioned efforts, many government programs fail to provide Latin American and Caribbean children and adults with the skills they need to thrive, the Inter-American Development Bank’s 2017 flagship study finds.

The IDB and Miami Dade College select eighteen startups from Latin America, the Caribbean and South Florida to participate in Demand Solutions Miami 2017

August 21, 2017
Miami Dade College (MDC) and the Inter-American Development Bank (IDB) will host Demand Solutions Miami on Thursday, Oct. 19, at the Wolfson Campus in Downtown Miami. Eighteen startups in design, fashion, gastronomy, music and multimedia have been selected to participate in a one-of-a-kind conference that will highlight innovation and entrepreneurship that improves lives.

Who are the region’s high-growth women entrepreneurs and what motivates them?

March 13, 2014
A new study analyzes their characteristics and challenges The new study “WEGrow: Unlocking the Growth Potential of Women Entrepreneurs in Latin America and the Caribbean,” finds that these entrepreneurs are opportunity-driven rather than necessity-driven, and that they mention economic independence, passion and creating jobs as their main reasons for launching their business ventures.