IDB Lab Announces the Results of its Digital Tokens for Biodiversity Challenge

January 04, 2023
The Inter-American Development Bank (IDB) and its innovation laboratory, IDB Lab, announce the results of their Digital Tokens for Biodiversity Innovation Challenge. This initiative was launched to identify innovative solutions that use these instruments to promote biodiversity conservation and facilitate action in the face of climate change.

Peru to Bolster Its Economic Productivity and Competitiveness with IDB Support

December 23, 2022
Peru will launch a program to improve the productivity and competitiveness of its economy with a $300 million loan from the Inter-American Development Bank (IDB). This operation is the second in a series of two independently financed but technically linked programmatic loans to support policy reforms. The first $50 million operation was approved in 2019.

IDB: Job Recovery in the Region Was Attained in 2022, After the Shock of the Pandemic

December 22, 2022
Latin America and the Caribbean registered a total recovery of jobs in the second half of 2022, reaching levels greater than those observed before the pandemic. By September 2022, economies in the region had gained 8 million extra jobs compared to those available in March 2020 when the pandemic hit. This is one of the main conclusions of IDB’s Labor Market Observatory.

Headwinds Facing Post-Pandemic Recovery in the Caribbean: IDB Report

December 20, 2022
Caribbean countries should prepare for prolonged effects of external economic shocks in 2023, including for high food and fuel prices and rising international interest rates, according to a new report from the Inter-American Development Bank (IDB).

Bolivia to Improve Water Security with $500 Million in IDB Financing

December 15, 2022
The Inter-American Development Bank (IDB) approved a line of credit of up to $500 million to boost Bolivia’s water security and help ensure a sustainable supply of irrigation and drinking water.

Barbados will Strengthen Public Policy and Fiscal Management with IDB Support

December 15, 2022
Barbados will strengthen the efficiency and effectiveness of public policy and fiscal management in response to the health and economic crisis caused by COVID-19 pandemic, with a $100 million loan from the Inter-American Development Bank (IDB).  

IDB and IDB Invest Study Highlights Opportunities for the Circular Economy in Colombia

December 15, 2022
Latin America and the Caribbean’s financial systems must look at the circular economy not just as a product but also as a systemic approach, to take advantage of its full potential, according to the latest study Financing the Circular Economy: The Colombian Experience, published by the Inter-American Development Bank and IDB Invest, in collaboration with Bancolombia, Banco de Bogotá and Bancóldex.

Trinidad and Tobago will Upgrade Water Services with IDB Support

December 15, 2022
The Inter-American Development Bank (IDB) has approved an US$80 million loan to boost the efficiency, quality, sustainability, and resilience of Trinidad and Tobago’s drinking water supply and water security.

Suriname to Improve Medium-Term Fiscal Sustainability with IDB Support

December 15, 2022
Suriname is working to improve its medium-term fiscal sustainability by optimizing tax revenue collection and improving budget planning and execution, as well as public investment management, supported with a US$50 million loan approved by the Inter-American Development Bank (IDB).

Countries Deploy 1.1% of GDP to Allay Inflation and Food Insecurity

December 14, 2022
To bring relief in the face of growing food insecurity and historic levels of inflation, the governments of Central America, Panama, and the Dominican Republic (CAPARD), Mexico and Haiti have passed policy measures worth an average of 1.1% of their gross domestic products. Over 62 million people in these countries experienced food insecurity following the pandemic. Recent food price hikes have intensified the problem, and a higher proportion of people are food insecure in this subregion than anywhere else in Latin America and the Caribbean.