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
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 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.
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 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.
March 09, 2022
IDB Lab, the innovation laboratory of the Inter-American Development Bank, has invested $1 million in Sugo Company, a climate technology startup from Peru that offers innovative solutions to generate tangible value in waste. This support will allow the company to expand to all cities throughout Peru and at a regional level in Colombia, Mexico, and Chile and promote the circulate economy.
January 13, 2022
Lack of trust shown to undermine firm growth and innovation. Report calls for key reforms to promote trust and boost post-COVID recovery. Dealing with power and information asymmetries needed to improve trust. Increasing trust is key to a more dynamic business sector and economic reforms needed for a stronger post-COVID recovery in Latin America and the Caribbean, according to a new flagship report by the Inter-American Development Bank.
December 15, 2021
Brazil will promote sustainable economic recovery for micro, small and medium-sized enterprises (MSMEs) amid the COVID-19 pandemic with a $250 million credit and $5 million in Non-Reimbursable Investment Financing approved by the Inter-American Bank Development (IDB).