IDB and AFD pledge to enhance co-financing for Latin America and the Caribbean

Thursday, October 11, 2018 - 17:13
The Inter-American Development Bank (IDB) President Luis Alberto Moreno and Agence Française de Développement (AFD) CEO Rémy Rioux signed a partnership framework agreement to enhance co-financing of projects which sets the target to reach at least US$1 billion co-financing over the next three years. This agreement effectively builds upon the IDB-AFD partnership formalized in 2015.

Argentina seeks to increase youth employment and reduce gender gap through sports

Wednesday, October 10, 2018 - 14:39
The Inter-American Development Bank (IDB) has joined forces with the International Olympic Committee (IOC) to launch an initiative that will benefit more than 4,000 young people through sports in Argentina. The project, which will be financed by US$1.5 million commitments from the IDB’s Multilateral Investment Fund (MIF) and the IOC, was formally announced in Buenos Aires, Argentina as IDB President Luis Alberto Moreno and IOC President Thomas Bach signed a Letter of Intent.  

Suriname will enhance its agricultural sector with IDB support

Friday, October 5, 2018 - 12:34
THE PROGRAM WILL ENHANCE AGRICULTURAL PRODUCTIVITYAND IMPROVE THE QUALITY AND AVAILABILITY OF STATISTICAL DATA ON ITS AGRICULTURAL SECTOR  Relying on US$30 million in financing from the Inter-American Development Bank (IDB), the objective of the Sustainable Agricultural Productivity Program (SU-L1052) is to increase agricultural productivity in Suriname through investments in infrastructure and management of Irrigation and Drainage (I&D) systems and by improving the quality and availability of agriculture statistics.

Haiti to boost transport safety and infrastructure with an IDB donation

Friday, October 5, 2018 - 09:25
The donation from the Inter-American Development Bank (IDB) will allow for the building of more paved roads and the upgrading of departmental ones that link production centers with local markets. It will also promote greater efficiency in the sector: once these public works are completed they will be incorporated into a road maintenance management system, and capacity will be created at the Ministry of Public Works, Transport and Communications.

Brazil to boost living standards for the city of Vitória with support from the IDB

Thursday, October 4, 2018 - 18:38
Program to help decrease inequality by integrating the Orla Noroeste district into the rest of the city The Inter-American Development Bank has approved a $100 million loan for Brazil that will help boost living standards in the Vitória municipality by decreasing inequality in urban development, integrating the Orla Noroeste district into the rest of the city.

IDB launches Natural Capital Lab to incubate public-private solutions for conservation

Wednesday, September 26, 2018 - 15:54
France commits $25 million to help fund the first round of projects The Inter-American Development Bank today announced the creation of the Natural Capital Lab, a space where governments and businesses will work together to incubate concepts that can yield breakthroughs in financing conservation, biodiversity, and marine ecosystem projects.

IDB launches Blue Tech Challenge with up to US$2M in funding for Blue Economy proposals

Monday, September 24, 2018 - 16:32
The IDB through its Multilateral Investment Fund (MIF), Natural Capital Lab, Sustainable Islands Platform, and in alliance with the Compete Caribbean Partnership Facility, which is also supported by DFID, CDB and the Government of Canada, will identify firms and organizations looking to pilot and scale up business models that use cutting edge technologies to contribute to the sustainable management of oceans, marine ecosystems and coastal resources.

Government spending waste costs Latin America and Caribbean 4.4% of GDP: IDB study

Monday, September 24, 2018 - 15:05
Inefficiencies and fraud in procurement, civil service and targeted transfers could be as large as $220 billion a year Report includes policy recommendations to improve spending in healthcare, education, infrastructure and public safety

Pilot program uses blockchain to improve youth employment in Costa Rica

Thursday, September 20, 2018 - 17:53
The Innovation Lab of the IDB Group (MIF), the Monge Foundation, and BanQu, a for-purpose blockchain as-a-service company, have joined forces to launch a pilot program aimed at improving Costa Rican youth employment outcomes.  This new pilot seeks to provide Costa Rican youth with secure and immutable records of certificate completion from school, internships, and employment using blockchain technology.

IDB to invest $33.5 million to improve solid waste management in Haiti

Thursday, September 20, 2018 - 12:51
More than 23,000 homes in northern Haiti will benefit from better environmental and health conditions through a solid waste management and final disposal program The Inter-American Development Bank (IDB) has approved a $33.5 million grant to help finance an integrated solid waste management program in northern Haiti. The program’s goal is to boost living conditions in the departments of Cap-Haitien, Limonade and Quartier Morin by improving management and funding solid waste handling and final disposal infrastructure.