May 18, 2022
The president of the Inter-American Development Bank (IDB) announced that Panama City will host the 11th regional forum in 2023. The announcement followed a bilateral meeting between the president of the IDB, Mauricio Claver-Carone, and the president of Panama, Laurentino Cortizo, to discuss joint efforts to accelerate Panama's development and explore opportunities to enhance Panama's leadership in Latin America and the Caribbean.
April 25, 2022
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new £500 million Fixed Rate Sustainable Development Bond. The transaction pays an annual coupon of 2.125% and matures on 15th December 2028. It was priced with a spread of 51 basis points over the UKT October 2028 benchmark and carries a semi-annual yield of 2.223%.
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.
April 06, 2022
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new US$1 billion 5-year Global Sustainable Development Bond (SDB) benchmark. The transaction pays a quarterly coupon of SOFR+28bps and matures on April 12th, 2027. The new benchmark was priced at a discount margin of 28 basis points over the Compounded SOFR Index.
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.
March 31, 2022
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new AUD$300 million long 3-year fixed-rate Kangaroo offering under the Education, Youth, and Employment (“EYE”) Bond program. The projects under this program are designed to promote sustainable growth, poverty reduction and social equity in Latin America and the Caribbean.
March 22, 2022
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new 10-year fixed rate Sustainable Development Bond (SDB) focused on SDG 3 - Good Health and Well Being. This Australian Dollar bond is valued in AUD$60 million, equivalent to US$43.9 million. Asahi Mutual Life Insurance Company is the sole investor of the bond with J.P. Morgan Securities plc being the arranger.
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.
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.