IDB Announces Settlement with Construtora COESA Regarding Prohibited Practices

March 18, 2022
The IDB has announced the debarment for three years of Construtora COESA S.A. (formerly known as Construtora OAS S.A.). The debarment is in connection with allegations of collusive and corrupt practices relating to the execution of road construction contracts under the São Bernardo do Campo Urban Transportation Program II and a corrupt practice relating to the Mario Covas Rodoanel Project - Northern Section.

AWEX of Belgium and the IDB establish alliance for sustainable development in the Amazon

March 17, 2022
Agence Wallonne à l’Exportation et aux Investissements Etrangers (AWEX) has contributed $2 million to support IDB’s Amazon Initiative.  

New Report Shows How Artificial Intelligence Affects Women’s Working Lives

March 15, 2022
A report by the Inter-American Development Bank (IDB), OECD, and UNESCO studies the impact of artificial intelligence (AI) systems on women’s work opportunities. The study reveals that AI systems can have a gendered effect on labor, care, and domestic employment. Moreover, AI can promote stereotypes about women that impact opportunities to reskill and upskill as well as pathways to STEM-related careers.

Central America, Panama and the Dominican Republic are Recovering, but Face Challenges

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.  

The IDB, Spain’s Ministry of Justice, and Casa de America Discuss Justice and Gender

March 11, 2022
An event held at Casa de America in Madrid was organized as part of International Women’s Day and explored how to work toward a more just, equitable future in Latin America and the Caribbean. Recently, a Memorandum of Understanding formalized cooperation between Spain’s Ministry of Justice and the Inter-American Development Bank (IDB). Event participants included Spain’s Minister of Justice, Pilar Llop; IDB Chief of Staff and Chief Strategy Officer, Jessica Bedoya; Prosecutor from the Office of the Public Prosecutor for Violence against Women

Panama will Advance in its Digital Transformation with IDB Support

March 10, 2022
The $60 million loan will support the strengthening of the Central American country’s innovation ecosystem Panama will promote the digital transformation of management and public services with a $60 million loan approved by the Inter-American Development Bank (IDB).

IDB Supports Expansion of Paraguay’s Electricity Transmission System

March 10, 2022
The Inter-American Development Bank (IDB) has approved a $260 million loan to support Paraguay’s National Development Plan through the expansion of the electricity transmission system, which will provide the country with a sustainable, reliable and efficient energy supply.

Suriname to Advance in Restoring Macroeconomic and Fiscal Sustainability with IDB Support

March 10, 2022
Suriname will implement a program to restore its macroeconomic and fiscal sustainability with a $50 million loan approved by the Inter-American Development Bank (IDB). The loan will help Suriname to implement their economic reform programs in which they address the country’s macroeconomic and fiscal challenges while allowing the country to continue servicing its debt.

IDB Supports Jamaica’s Strengthening of Policy, Fiscal Management, COVID Response

March 09, 2022
Jamaica will strengthen the public policy and the efficiency and effectiveness of fiscal management to address the health and economic crisis caused by COVID-19, with a $100 million loan approved by the Inter-American Development Bank (IDB).

IDB Lab Invests in a Technology Startup to Incentivize a World With Zero Waste

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.