IDB Group approved a total $14.58 billion in financing during 2017

Saturday, January 20, 2018 - 15:14
The Inter-American Development Bank and IDB Invest, the IDB Group’s non-sovereign guarantee operations arm, approved more than 300 loans and credit guarantees during 2017 for a total $14.58 billion for borrowing countries and businesses in Latin America and the Caribbean. These amounts represent a significant increase from 2016, when the Bank and IDB Invest approved 248 operations worth $11.50 billion. These results confirmed the IDB Group’s position as the leading source of multilateral financing for the region.

IDB Launches NZD 375 Million 3.00% 5-year Fixed Rate Kauri

Friday, January 19, 2018 - 10:00
The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s/S&P), priced a new NZD 375 million 5-year Kauri bond offering. The transaction pays a semi-annual coupon of 3.000% and matures on January 25, 2023. It priced with a spread of 34 basis points over New Zealand dollar Mid-Swaps, which represents a yield of 3.058% s.a.

IDB Invest finances Terminal Zarate port expansion in Argentina

Wednesday, January 17, 2018 - 10:40
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will finance the expansion of the Terminal Zarate port, the most important in Argentina's automotive transportation sector and located in a strategic area to move goods and containers from the center and north of the country along its waterways. IDB Invest will provide an A loan of $15 million and the financial institution CIFI will provide a B loan of $15 million.

IDB launches $3.75 billion 2.50% 5-year fixed-rate global

Thursday, January 11, 2018 - 11:43
The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s), priced a new $3.75 billion 5-year global bond. The transaction pays a semi-annual coupon of 2.500% and matures on January 18, 2023. It priced with a spread of 15.7 basis points over the 2.125% UST due December 31, 2022, which represents a yield of 2.500% s.a.

IDB extends deadline for open call for artists

Wednesday, January 10, 2018 - 10:32
The Inter-American Development Bank (IDB) is extending the deadline for artists to participate in an open call that is aimed for those who want to provoke, innovate and offer new perspectives on the development challenges of the region, as well as to demonstrate the immense artistic creativity of Latin America and the Caribbean.  The call will be opened until January 17th of 2018. Artists from Latin America, the Caribbean, and the United States can participate. 

Inter-American Development Bank Group to hold Annual Meeting in Mendoza, Argentina

Tuesday, January 9, 2018 - 11:32
Online media registration is available now for the March 22-25 gathering of Latin American and Caribbean leaders Spotlight on urban development, economic growth, private sector engagement The Inter-American Development Bank Group (IDB Group) will hold its 

IDB Invest signs largest renewable energy project in Colombia

Thursday, January 4, 2018 - 08:37
$1 billion loan to EPM to build Ituango hydropower plant IDB Invest signed a $1 billion senior, unsecured A/B loan package to Empresas Públicas de Medellín (EPM) to build a 2,400 MW hydropower facility in the northern region of Antioquia, Colombia. Ituango will be the largest hydropower project in the country. The Ituango hydropower plant will represent approximately 18 percent of the country’s total installed power capacity, and will generate approximately 13,900 GWh of renewable electricity per year.

Chilean cartoonist wins contest for best drawing on bureaucracy

Thursday, December 21, 2017 - 08:39
The Inter-American Development Bank (IDB) announced that the Chilean cartoonist Diego Maximiliano Flisfisch won the first prize in the Second Cartoon Contest on Red Tape and Bureaucracy in Latin America and the Caribbean, with his drawing “Painful Procedures.”

Piauí, Pará and Maranhão to strengthen fiscal management with IDB financing

Tuesday, December 19, 2017 - 11:11
IDB approves $115 million in loans as part of PROFISCO II program The Brazilian states of Piauí, Pará and Maranhão will upgrade their fiscal management, tax administration and public spending oversight with loans approved by the Inter-American Development Bank as part of the program known as Profisco II.

Panama will improve conservation and management of cultural and natural heritage with IDB support

Tuesday, December 19, 2017 - 09:38
The program, managed jointly by the National Institute of Culture (INAC) and the Ministry of Environment (MiAmbiente), will ensure the conservation and management of cultural and natural heritage  The National Institute of Culture (INAC) and the Ministry of Environment (MiAmbiente) will work in a coordinated manner on a program for the conservation and management of Panama’scultural and natural heritage with $107 million in financing from the