The IDB Group and the European Investment Bank Pledge to Expand Partnership and Explore Blended Finance

Monday, April 23, 2018 - 08:48
The Inter-American Development Bank (IDB), its private sector entity IDB Invest, and the European Investment Bank (EIB) have formally expanded their partnership through a new Memorandum of Understanding (MOU), which was signed in Washington DC by IDB President Luis Alberto Moreno, IDB Invest General Manager James Scriven, and EIB President Werner Hoyer. This renewed collaboration reflects the partners’ commitment to advance development in Latin America and the Caribbean (LAC) through blended finance, co-financing, and knowledge sharing. 

IDB Invest finances the Achiras wind farm in Argentina

Friday, April 20, 2018 - 14:00
The total amount of the long-term loan was disbursed after signing the agreement, supporting renewable energy in the country IDB Invest, the private sector institution of the IDB Group, finances the construction, operation and maintenance of the Achiras 48 MW wind farm located in the southeast region of the province of Córdoba, in Argentina. The project includes a transmission line of 14 kilometers and is developed by the company Central Puerto, S.A.

IDB Invest finances in Brazil the largest thermoelectric plant in Latin America and the Caribbean

Thursday, April 19, 2018 - 23:45
IDB Invest, the private sector institution of the IDB Group, finances the construction and operation of Porto do Sergipe, a 1,516 MW combined cycle thermoelectric plant and its associated infrastructure in the state of Sergipe, in Brazil. The project is developed by Centrais Elétricas de Sergipe SA (CELSE), a company run by EBRASIL of Brazil and Golar Power Ltd. Once operational in 2020, CELSE will sell electricity to 26 distribution companies in Brazil, becoming the largest and most efficient thermoelectric plant in Latin America and the Caribbean.

Regional development banks present study on technology’s impact on jobs

Thursday, April 19, 2018 - 17:47
The Future of Work: Regional Perspectives discusses the impact of the Fourth Industrial Revolution on labor markets across the globe Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could displace human labor, widen income inequality and contribute to greater informality in the workforce.

IDB salutes Central American nations’ progress towards forming a Regional Electricity Market

Wednesday, April 18, 2018 - 23:57
The Inter-American Development Bank (IDB) yesterday hosted a meeting of Energy Ministers and senior regional regulatory agency officials from the Regional Electricity Market (MER) comprising Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama, along with representatives from the U.S. State Department and the Government of Mexico.

IDB, Partners Hold Seminar on Taxation in Latin America with Top Government Officials

Wednesday, April 18, 2018 - 14:54
Washington, D.C. - The Inter-American Development Bank, the Wilson Center, the Organization for Economic Cooperation and Development (OECD), and the United Nations Economic Commission for Latin America and the Caribbean are organizing a seminar on Taxation in Latin America on April 20th with top government officials.

IDB Invest finances the construction of an 80 MW solar plant in Argentina

Wednesday, April 18, 2018 - 10:18
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, finances the construction, operation and maintenance of Cordillera Solar I, an 80MW solar photovoltaic plant in the province of San Juan, in Argentina. The project is developed by Jinko Solar, a global leader in the production of photovoltaic modules. This is Jinko Solar’s first investment in Latin America’s Southern Cone.

IDB launches initiative to promote savings for retirement in Latin America and the Caribbean

Tuesday, April 17, 2018 - 15:12
The Retirement Savings Laboratory will carry out pilot programs to encourage more workers in the region to save for their old age. The Inter-American Development Bank (IDB) today presented the Retirement Savings Laboratory, a project that seeks to increase the number of people saving for retirement in Latin America and the Caribbean.

IDB launches largest-ever bond

Monday, April 16, 2018 - 17:35
Sets record for largest investor interest in an IDB deal The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s/S&P), priced a new $4 billion 3-year global issue, its largest bond ever. The transaction pays a semi-annual coupon of 2.625% and matures on April 19, 2021. It priced with a spread of 22.1 basis points over the 2.375% UST due April 15, 2021, which represents a yield of 2.702% s.a.

Business leaders and the IDB issue call to reduce food waste in Latin America and the Caribbean

Thursday, April 12, 2018 - 18:32
Nearly 348,000 tons of edible products are lost and spoiled every day in the region LIMA, Peru - Business leaders have joined forces with the Inter-American Development Bank (IDB) to issue a call to reduce food losses and waste in Latin America and the Caribbean, a region where 348,000 tons of food (223 kilos per person per year) are spoiled or squandered every day while nearly 42 million people go hungry.