IDB launches call for proposals about digital solutions in open code for subnational tax administration

Tuesday, February 6, 2018 - 09:30
The Inter-American Development Bank (IDB) invites organizations, governments and individuals to participate in the call for proposals about digital tools in open code aimed at improving tax administration of subnational governments in Latin America and the Caribbean.

Trade between India and Latin America reached $30 billion in 2016, according to a new IDB study

Thursday, February 1, 2018 - 14:55
“Latindia” report identifies nearly 200 Indian companies operating in the region, employing 50,000 local workers Through its Institute for the Integration of Latin America and the Caribbean (INTAL), the Inter-American Development Bank (IDB) has launched a new study, “Latindia: The Future of Cooperation between India and Latin America,” which covers issues such as export destination markets, strategic business areas, global value chains, productive synergies, and oppor

IDB Invest supports microfinance institutions through local currency debt fund

Thursday, February 1, 2018 - 14:34
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will support Locfund II’s expansion through a loan of up to $10 million. The transaction will allow Locfund II to increase the number of local currency loans to microfinance institutions, benefiting a larger number of their clients, including women-led and rural, micro- and small-sized enterprises. 

IDB Invest and SOFID sign co-financing agreement

Monday, January 29, 2018 - 11:47
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, and SOFID (Sociedade para o Financiamento do Desenvolvimento, Instituição Financeira de Credito, S.A.) will actively collaborate to promote investments in Latin America and the Caribbean with a focus in Central America and the Caribbean for projects aimed at agribusiness, energy, tourism and finance. The Framework Co-financing Agreement was signed during the Bank’s annual informal meetings with representatives of its non-regional member countries held in Lisbon between January 29 and 30, 2018.

Italy to contribute to IDB Transparency Fund

Wednesday, January 24, 2018 - 13:47
Italy is joining Norway, Canada and MasterCard as a partner and contributor to the Inter-American Development Bank’s Transparency Fund , a vital tool to help countries strengthen their anti-corruption and pro-transparency reforms. The government of Italy has donated €1 million. 

Initiative Announced to End Malaria in Central America and the Dominican Republic

Wednesday, January 24, 2018 - 08:56
INTER-AMERICAN DEVELOPMENT BANK, BILL & MELINDA GATES FOUNDATION AND CARLOS SLIM FOUNDATION TO ENDORSE FIVE-YEAR INITIATIVE DAVOS, Switzerland - The Inter-American Development Bank (IDB), the Bill & Melinda Gates Foundation and the Carlos Slim Foundation today announced an initiative to support seven Central American countries and the Dominican Republic in taking the final steps necessary to eliminate malaria in their territories.

IDB Launches Fifth Round of JK Visionaries Award with a Prize Purse of US$200,000

Monday, January 22, 2018 - 08:52
The Inter-American Development Bank (IDB) has launched the fifth round of the JK Visionaries Award—the highest honor bestowed by the IDB to recognize nongovernmental organizations that carry out transformative social projects in Latin America and the Caribbean.  The award was created in 2009 to celebrate the 50th Anniversary of the Bank, honoring Juscelino Kubitschek (JK), the former President of Brazil (1956-1961), who was instrumental in establishing the IDB. 

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.