IDB Group Reaffirms Climate Leadership, Signs $50 Billion Accord with Other Institutions

June 09, 2022
The climate financing agreement, signed by the IDB, the CAF, CDB and CABEI, underscores how the institutions will mobilize billions in financing to accelerate climate action in Latin America and the Caribbean. LOS ANGELES – Today, the Inter-American Development Bank (IDB) reaffirmed its leadership in climate and green financing and signed an agreement with regional development partners to make $50 billion available through 2026 to support ambitious climate action in Latin America and the Caribbean.
2022-06-09

Paraguay to Spur Economic Recovery and Fiscal Sustainability with IDB Support

June 07, 2022
Paraguay will buoy its post-pandemic economy recovery and fiscal sustainability through a $250 million loan from the Inter-American Development Bank (IDB) for more effective and efficient public policies and public resource management. This operation is the second of two contractually independent but technically linked loans for policy reform to support Paraguay during and after the pandemic. The first $210 million loan was approved in 2020.
2022-06-07

Panama to Make Spending More Efficient and Equitable with $20 Million Loan from IDB

May 19, 2022
Panama will increase the efficiency and equity of its spending by implementing its Smart Fiscal Ecosystem with a $20 million loan from the Inter-American Development Bank (IDB).
2022-05-19

Tax Revenues in LAC Take a Historic Hit Before Showing Early Signs of Recovery

April 27, 2022
Tax revenues in Latin America and the Caribbean (LAC) fell by 8.0 percent on average in nominal terms and by 0.8 percent as a share of GDP in 2020 because of the COVID-19 pandemic, according to a new report released today. However, the region’s economic recovery and a rebound in commodity prices supported a recovery in tax revenues in 2021.
2022-04-27

IDB report outlines steps for region to respond to Russian War in Ukraine, COVID

April 08, 2022
IDB 2022 Latin America and Caribbean Macroeconomic Report finds war dampens growth prospects in Latin America and Caribbean Higher commodity prices provide fiscal relief for some countries, but oil importers face additional fiscal pressures; key policy actions to boost inclusive growth should not be delayed Report includes analysis of labor market reforms to create future jobs in formal economy The Russian invasion of Ukraine together with intere
2022-04-08

IDB Approves $60 million to Support Transparency and Integrity in the Dominican Republic

March 21, 2022
The Dominican Republic will strengthen transparency, accountability, and integrity in public resources management with a $60 million loan from the Inter-American Development Bank (IDB).
2022-03-21

Suriname to Advance in Restoring Macroeconomic and Fiscal Sustainability with IDB Support

March 10, 2022
Suriname will implement a program to restore its macroeconomic and fiscal sustainability with a $50 million loan approved by the Inter-American Development Bank (IDB). The loan will help Suriname to implement their economic reform programs in which they address the country’s macroeconomic and fiscal challenges while allowing the country to continue servicing its debt.
2022-03-10

IDB Supports Jamaica’s Strengthening of Policy, Fiscal Management, COVID Response

March 09, 2022
Jamaica will strengthen the public policy and the efficiency and effectiveness of fiscal management to address the health and economic crisis caused by COVID-19, with a $100 million loan approved by the Inter-American Development Bank (IDB).
2022-03-09

Chile launches new platform to enhance public investment transparency with IDB support

December 13, 2021
BIP Data platform offers user-friendly, simple public investment data to citizens and decision makers Chile’s Ministry of Social Development and Family today launched BIP Data, a platform developed with Inter-American Development Bank (IDB) support, to enhance public spending transparency and improve government investment management nationwide.
2021-12-13

Uruguay to Stimulate Economic Recovery with $145 Million IDB Loan

November 29, 2021
Uruguay will spur its post-pandemic economic and fiscal recovery with help from a $145 million loan from the Inter-American Development Bank (IDB). This is the second operation in a series of policy-based loans, made up of two contractually independent but technically linked loans aimed at supporting Uruguay’s post-pandemic recovery. The first operation of $350 million was approved in 2020.
2021-12-02