IDB Opens New Dominican Republic Office with Highest Environmental Certification

April 27, 2022
IDB President Mauricio Claver-Carone, Dominican Republic Vice President Raquel Peña and First Lady Raquel Arbaje inaugurate new IDB Representative Office. Building is first in Dominican Republic and first IDB building to receive LEED Platinum certification, which recognizes highest standards of energy efficiency and environmental sustainability.  
2022-04-27

IDB Approves $33 Million Loan to Promote Nature Tourism in Argentina

April 27, 2022
The funds will boost the supply and demand of domestic and international tourism and strengthen the country brand. The Inter-American Development Bank (IDB) has approved a $33 million loan to foster nature tourism in Argentina aimed at promoting a post-pandemic economic recovery, given the potential of this sector in line with visitors’ changing preferences.
2022-04-27

Ecuador to promote sustainable and inclusive employment with IDB support

April 27, 2022
The Inter-American Development Bank (IDB) approved a $250 million loan to support economic recovery in Ecuador, focusing on strengthening the social protection system, female employment, and labor sectors linked to environmental objectives, also called "green jobs." Supporting the equal integration of women in the economy is one of the operation's priorities. The project will implement an Action Plan to increase female labor participation, reduce the salary gap, and promote female leadership in the country.
2022-04-27

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

Green Bond Transparency Platform Becomes Key Reporting Tool for Latin American Issuers

April 27, 2022
Just a year after its launch, the Green Bond Transparency Platform (GBTP) has become the key reporting tool for issuers in the Latin America
2022-04-27

Study: Fintech Industry Doubles in Size in Three Years in Latin America and the Caribbean

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
2022-04-26

IDB returns to the Sterling Market with Second Sustainable Development Bond

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%.
2022-04-25

EIB, IDB Agreement Accelerates Financing for Projects in Latin America & the Caribbean

April 25, 2022
EIB, IDB sign Mutual Reliance Agreement to accelerate co-financing of joint projects, enhance collaboration in the region. EU Bank delegation meets IDB President on the margins of the World Bank Group, IMF meetings in Washington. EIB Chair of the Multilateral Development Banks, President Werner Hoyer, encourages stronger global collaboration. The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) signed a new agreement enabling them to better s
2022-04-25

Brazilian State of Ceará to Advance Government Digital Transformation with IDB Support

April 21, 2022
The Brazilian state of Ceará will advance its government’s digital transformation to increase citizen satisfaction and generate savings in the use of public services through a $31 million loan approved by the Inter-American Development Bank (IDB).
2022-04-21

With IDB support, Curitiba seeks innovative proposals to modernize the bus system

April 19, 2022
Call for proposals to find solutions that promote integration of different modes of transport in self-sustainable stations in the city is open until May 18th, 2022. The Inter-American Development Bank (IDB) and the city of Curitiba, in Brazil, are launching a call to find innovations in transportation, energy, and state-of-the-art technologies that will reduce the number of cars and motorcycles in the city. This initiative is part of Curitiba’s  modernization plan for the network of bus lanes and passenger.
2022-04-19