IDB Group Approves Record $21.6 Billion in Lending in 2020

December 21, 2020
The Inter-American Development Bank (IDB) Group mounted a historic effort in 2020 to assist its 26 member countries in Latin America and the Caribbean to manage the economic and social impacts of the coronavirus pandemic and lay the groundwork for recovery and sustainable growth, approving a record $21.6 billion in new financing.
2020-12-21

Report: institutional reforms and infrastructure crucial for future Caribbean growth

December 21, 2020
Institutional reforms and investments in infrastructure will be key to foster economic recovery in the Caribbean region, according to a new report by the Inter-American Development Bank, which warns of challenging times even as the pandemic is expected to subside in 2021.
2020-12-21

IDB helps to promote local development in the Southern Region of Brazil

December 18, 2020
The $100 million project will be used to develop investments in labor markets, tourism, health and sanitation. The Inter-American Development Bank (IDB) recently approved a program to support the resilience of the Southern Region of Brazil in the recovery phase of the COVID-19 health and economic crisis, in a multisectoral manner.
2020-12-18

Barbados will support sustainability of MSMEs in the face of COVID-19 crisis

December 18, 2020
The Inter-American Development Bank (IDB) approved a US$30 million loan to support the short-term financial sustainability of the Micro, Small and Medium Enterprises (MSMEs) in Barbados to maintain employment in the face of the COVID-19 crisis and its effect on the productive sector.
2020-12-18

IDB supports Uruguay tackle natural disaster and health emergency impacts

December 17, 2020
The Inter-American Development Bank (IDB) has approved a $100 million contingency loan to finance a program launched by Uruguay to cushion the impact of natural disasters and health emergencies on its public finances. 
2020-12-17

Panama moves forward with water, sanitation, and energy reforms with IDB support

December 17, 2020
The second Reform Support Program will contribute to the sustainability of the energy sector and the increase in drinking water and sanitation coverage The Inter-American Development Bank (IDB) approved a $200 million budget-support operation linked to the second Reform Support Program for Panama’s energy and water and sanitation sectors.
2020-12-17

Guyana to strengthen public policy response to the COVID-19 pandemic with IDB support

December 17, 2020
Guyana will strengthen its public policy and fiscal management response to the COVID-19 health and economic crisis with a US$34 million loan from the Inter-American Development Bank (IDB). The operation, the first of a two programmatic-based loan series, will support Guyana’s government efforts to counteract the negative social and economic impacts caused by the COVID-19 pandemic.
2020-12-17

Exports from Latin America and the Caribbean show signs of recovery

December 17, 2020
The trend in trade performance in Latin America and the Caribbean points to a slight improvement, but the uncertainty caused by the COVID-19 pandemic continues to dampen prospects for a return to sustained export growth in the coming months, according to a new report from the Inter-American Development Bank.
2020-12-17

Peru to boost competitiveness and economic recovery with IDB support

December 16, 2020
Peru will boost competitiveness and economic recovery to improve the business environment as well as investment and innovation of micro and small enterprises (MSEs) with a $400 million loan approved by the Inter-American Development Bank (IDB).
2020-12-16

IDB Mobilizes $1 Billion for COVID-19 Vaccine Financing in Latin America and the Caribbean

December 16, 2020
The funds will complement the Bank´s efforts to support health care and economic recovery. Today, the Inter-American Development Bank (IDB) announced that it will mobilize $1 billion to help Latin American and Caribbean countries acquire and distribute COVID-19 vaccines.
2020-12-16