IDB reaffirms commitment to urban transportation in Quito with new loan

Friday, April 27, 2018 - 17:39
The Inter-American Development Bank (IDB) has approved a $250 million loan to help build a metro line in the capital city of Quito, Ecuador. This operation, which adds to a $200 million loan approved in December 2012, is testimony to the commitment of the IDB to support sustainable urban mobility projects in areas under pressure to meet growing demands for an efficient public transportation system.

Honduras will contribute to improving citizen security and the improvement of neighborhoods with IDB support

Friday, April 27, 2018 - 09:12
Loan of $60 million will be focused on municipalities with high levels of insecurity Honduras will implement a program that will contribute to improving citizen security in the capital city of Tegucigalpa and San Pedro Sula, with a $60 million loan approved by the Inter-American Development Bank (IDB).

IDB Invest invests in Indigo 2PD fund to expand access to financing for medium-sized companies in Mexico

Thursday, April 26, 2018 - 18:01
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, signed an equity investment of up to 450 million Mexican pesos with the Indigo 2PD fund. The fund will provide financing to medium-sized companies in Mexico that have proven business models and high growth potential.

The Inter-American Development Bank and KfW Renew Partnership

Thursday, April 26, 2018 - 12:20
The Inter-American Development Bank (IDB) and the German Development Bank (KfW) have renewed their partnership to strengthen their joint efforts in sustainable development in Latin America and the Caribbean (LAC). The partners expanded this collaboration through a new Memorandum of Understanding (MOU) signed on April 20 in the context of the World Bank and International Monetary Fund Spring Meetings in Washington D.C.

IDB Invest launches the public consultation on its new Access to Information Policy

Monday, April 23, 2018 - 09:41
The new policy seeks to reaffirm its commitment to transparency   IDB Invest, the private arm of the Inter-American Development Bank (IDB) Group, is updating its information policy. As part of this process, IDB Invest will open to public consultation the draft of the new Access to Information Policy on May 23 and will receive comments for a period of 120 days.

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.