IDB and Fukoku Life partnering on Sustainable Development

February 08, 2021
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P) priced a USD 50 million, 15-year fixed-rate Sustainable Development Bond (“SDB”), to support IDB’s strategic priorities to reduce poverty and inequalities in Latin America and the Caribbean. Fukoku Mutual Life Insurance Company is the sole investor of the bond, and this transaction represents the IDB’s first SDB private placement in 2021.

Andrea Repetto Vargas Named New ICIM Director

February 05, 2021
Will assume her new position on March 16 Andrea Repetto, a citizen of Chile, has been appointed by the Board of Executive Directors of the Inter-American Development Bank (IDB) as Director of the Independent Consultation and Investigation Mechanism (ICIM, or MICI) for the 2021–2026 period.

IDB launches its first ever USD 1 billion 5-year SOFR Index-Linked Global Bond

February 04, 2021
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new US$1 billion 5-year benchmark bond linked to the Secured Overnight Financing Rate (SOFR) index. The transaction pays a quarterly floating coupon of compounded SOFR + 20 basis points and matures on February 10, 2026.

IDB Lab Launches a Call for Proposals for Venture Capital Funds

February 01, 2021
Proposals should focus on Latin America and the Caribbean IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB), is one of the most active venture capital (VC) fund investors in Latin America and the Caribbean (LAC), having invested in over 90 funds since 1996 and a current portfolio composed of over 50 funds.

Ecuador to strengthen access to justice and rehabilitation with IDB support

January 21, 2021
The Inter-American Development Bank has approved a $45 million loan to support Ecuador strengthen its institutional capacity to guarantee the constitutional right to comprehensive rehabilitation and protection of adult persons deprived of liberty (PDLs) and juvenile offenders.

Brazil to promote public-private partnerships for infrastructure projects with IDB support

January 20, 2021
Brazil will promote new models for private investment in infrastructure to boost service quality, the socio-environmental impact of investments, and economic growth and productivity with a $20 million loan approved by the Inter-American Development Bank (IDB).

IDB and USAID Announce New Finance for BetterTogether Challenge Projects

January 19, 2021
The funds will support projects that promote gender equality, entrepreneurship and educational opportunities for Venezuelan migrants and the communities that receive them. The Inter-American Development Bank (IDB) and the U.S. Agency for International Development (USAID) announced $2.4 million for nine new BetterTogether/JuntosEsMejor Challenge awards to benefit Venezuelans in Argentina, Chile, Guyana, Panama, Peru, Trinidad and Tobago, and Venezuela.

IDB, PepsiCo, and PepsiCo Foundation Expand Partnership to Foster Growth

January 12, 2021
The partnership includes IDB Lab, the IDB’s innovation laboratory, and has been extended through 2026 The Inter-American Development Bank (IDB), its innovation-focused IDB Lab, PepsiCo, and the PepsiCo Foundation signed today a new memorandum of understanding extending their public-private partnership until 2026 to carry out programs that will drive social and economic growth in Latin America and the Caribbean.

IDB issues its largest ever 10-year fixed-rate global Sustainable Development Bond

January 07, 2021
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $4 billion 10-year fixed-rate global benchmark. The transaction is IDB’s first benchmark of  2021 across all currencies and pays a semi-annual coupon of 1.125%, with a maturity date of  January 13, 2031.

IDB helps increase efficiency in the administration of social spending in Brazil

December 21, 2020
The $1.5 billion program includes a credit line and a first operation to support improvements of beneficiaries in child development through the Criança Feliz Program. The Inter-American Development Bank (IDB) recently approved a Conditional Credit Line for Investment Projects (CCLIP), called the Social Expenditure Modernization Program in Brazil and a first individual operation for the improvement of public policies for early childhood in the country.