El Salvador to strengthen fiscal management and promote inclusive growth with IDB support

Wednesday, June 13, 2018 - 09:12
US$350 million financing will support measures to strengthen public spending management El Salvador will strengthen its fiscal management and protect public investment and the financing of social programs to promote inclusive growth with help from a US$350 million policy support program from the Inter-American Development Bank.

Digitization of transactional public services would reduce red tape and corruption, save money in Latin America and the Caribbean

Monday, June 11, 2018 - 12:47
New IDB report recommends focusing on citizen experience interacting with government, investing in online services to benefit citizens, businesses and public sector institutions Digital transactional public services (“transactions”) take 74% less time than face-to-face transactions, cost much less and reduce corruption; nevertheless, in Latin America and the Caribbean there is still little investment to offer transactions online. The result? Citizens, firms and public institutions lose time, money and productivity.

IDB Invest meets with civil society organizations to discuss Colombia’s Hidroituango project

Friday, June 8, 2018 - 17:37
Institution reiterates commitment to affected communities, support for efforts undertaken by EPM and Colombian authorities On Tuesday, June 5, representatives from IDB Invest, the IDB Group’s private sector arm, met with delegations from Movimiento Rios Vivos, the Interamerican Association for Environmental Defense, and the Center for International Environmental Law to discuss the situation of the Hidroituango hydroelectric project in Antioquia, Colombia.

IDB to recognize project implementing agencies with Superheroes of Development Awards

Thursday, June 7, 2018 - 16:01
APPLICATION DEADLINE IS 13 JULY 2018 The Inter-American Development Bank (IDB) today announced the first edition of its Superheroes of Development Awards, which will recognize outstanding achievements of executing agencies in solving problems or handling risks while implementing development projects.

IDB Invest invests in Bozano Investimentos to expand access to financing for midsized companies in Brazil

Wednesday, June 6, 2018 - 17:48
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, made an equity investment of up to $10 million in Bozano Growth Capital Fund. The Fund will invest growth capital in family-owned or family-controlled midsized companies with high growth potential operating in Brazil.

IDB Group and BNDES in Brazil launch Infrastructure Credit Fund

Tuesday, June 5, 2018 - 09:33
São Paulo – The Inter-American Development Bank (IDB) Group, through its private sector institution, IDB Invest, and the Brazilian Development Bank (BNDES) announce an alliance for the creation of an infrastructure credit fund for up to $1.5 billion. The fund initially called "B2 Infra" includes approximately 30% of its resources from BNDES, 10% from IDB Invest and the remainder will be raised together with the private sector, notably from institutional investors.

Latin America and Caribbean single free trade agreement would reap $11 billion windfall, IDB study shows

Tuesday, May 29, 2018 - 14:22
Report urges action by major regional economies Argentina, Mexico and Brazil, amid challenging trade environment Latin America and the Caribbean could add an additional $11 billion in annual trade flows by blending 33 separate agreements into a single regional free trade bloc, according to a study by the Inter-American Development Bank (IDB).

IDB report underscores social benefits of sports for development but warns against program design flaws

Friday, May 25, 2018 - 09:23
Latin American and Caribbean region lags in sports spending, activity levels Latin American and Caribbean region could get a development boost from sports activities that improve the region’s social and health benefits, provided the programs are properly designed and monitored, according to a report by the Inter-American Development Bank.

Latin American and Caribbean export recovery continues, with signs of slowdown: IDB

Thursday, May 24, 2018 - 09:51
Lower commodity prices dampening export growth The value of Latin American and Caribbean exports rose 10.6 percent in the first quarter of 2018 against the same period last year, bolstered by higher demand from its main trading partners, particularly from other countries within the region and the European Union, according to a report by the Inter-American Development Bank (IDB).

Colombia issues its first social bond in the local market for 400,000 million pesos with IDB support

Thursday, May 24, 2018 - 09:37
(This new version corrects the total amount of bonds sold in the local market.)