IDB Executes Exposure Exchange Agreement with Asian Development Bank

December 15, 2020
Following the approval of the Board of Directors of the Asian Development Bank (ADB) to join the Exposure Exchange Agreement among Multilateral Development Banks (MDBs), the Inter-American development Bank (IDB) and ADB today entered into a transaction in the amount of $1 billion.
2020-12-15

COVID-19: Younger adults in Latin America and Caribbean harder hit than in rich countries

December 15, 2020
Findings have implications for confinement strategies, vaccine distribution Young and middle-age adults in Latin America and the Caribbean have a greater chance of dying or getting seriously ill from Covid-19 than their peers in more developed regions, even as risks for other age groups are more similar, a new study by the Inter-American Development Bank shows.
2020-12-15

IDB Announces Winner of the 2020 Barranquilla LAB Cities Contest

December 14, 2020
The Inter-American Development Bank (IDB) announced that the Huella Cultural team of the University of Buenos Aires in Argentina is the winner of the sixth edition of its LAB Cities Contest. This edition, organized by the IDB's Cities Laboratory in collaboration with the Barranquilla Mayor's Office, aims to develop an urban development strategy for the recovery of the Old Center of Barranquilla, Colombia.
2020-12-14

IDB helps Guyana ensuring minimum levels of quality of life for vulnerable persons

December 11, 2020
The US$30.4 million program will contribute to support minimum income levels for those affected by COVID-19 in the immediate period, and preserve the human capital of those affected by the COVID-19 crisis in the country.  The Inter-American Development Bank (IDB) approved a $30.4 million loan to contribute to ensuring minimum levels of quality of life for vulnerable persons amid the c
2020-12-11

IDB study highlights ways to reduce prison population in the Caribbean

December 11, 2020
A new Inter-American Development Bank (IDB) study highlights ways to increase public safety in the Caribbean by focusing on reducing pre-trial detentions and expanding rehabilitation and reintegration programs for incarcerated persons.
2020-12-11

IDB helps The Bahamas to contain and control coronavirus effects

December 10, 2020
The US$20 million program will help to reduce morbidity and mortality caused by COVID-19 and mitigate other indirect impacts of the pandemic on health. The Inter-American Development Bank (IDB) approved a US$20 million loan to help reduce the morbidity and mortality caused by the COVID-19 and to mitigate its impacts.
2020-12-10

IDB Group and Multilateral Financial Institutions launch joint Report on Financing the SDG

December 10, 2020
Today the IDB Group, the multilateral development banks (MDBs) and the International Monetary Fund (IMF)  launched a joint report on financing the Sustainable Development Goals (SDGs). The report is released at the end of a critical year, in which the COVID-19 pandemic threatens to reverse progress on the SDGs. In response, MDBs have collectively mobilized a global response package of $230 billion between 2020 and 2021 to reduce the impact of the pandemic, of which $75 billion will be directed to the world’s poorest countries before the end of 2020.
2020-12-10

IDB supports program to develop the skills of the 21st century of the Colombian youth

December 10, 2020
A $50 million project will finance a program for Colombian adolescents and youth to develop the necessary skills to formulate and promote their life projects and become agents of social and economic change. The Inter-American Development Bank (IDB) approved a project for $50 million that will be destined to support Colombian adolescents and young people in developing the 21st century skills.
2020-12-10

Brazil’s state of Paraiba to strengthen fiscal management with IDB support

December 10, 2020
Bank approves 13th operation of PROFISCO II Program Brazil’s state of Paraiba will improve its fiscal management, tax administration, and public spending procedures with a $38.4 million loan from the Inter-American Development Bank’s (IDB) PROFISCO II Program.
2020-12-10

Ecuador to boost private sector investment in electric vehicles with IDB support

December 09, 2020
Ecuador will increase financing available for private sector investment in electric vehicles with a $43 million Conditional Credit Line for Investment Projects and an initial credit under this arrangement for $33 million approved by the Inter-American Development Bank (IDB). The aim of the credit line is to reduce fossil fuel consumption and greenhouse gas (GHG) emissions by encouraging investment in electric vehicles.
2020-12-09