IDB leads meeting to address climate change at the International Transport Forum

May 24, 2023
The Annual Summit of the International Transport Forum (ITF) of the Organization for Economic Co-operation and Development will assemble representatives from governments, the private sector, academia, and civil society to share perspectives on transport’s role as a key enabler of inclusive and sustainable economic development. 

IDB Group Launches 6th Edition of Superheroes of Development Contest to Recognize Clients

May 24, 2023
The Inter-American Development Bank Group (IDB Group) launched the sixth edition of the Superheroes of Development contest to reward its clients and executing institutions that stand out for successfully addressing challenges during the implementation of development projects.

Porto Alegre to Strengthen Its Social Services with IDB Support

May 24, 2023
The Inter-American Development Bank (IDB) approved a $150 million loan to enhance the health, education, labor, and social safety services in Porto Alegre, Brazil. The project will focus on improving the quality and accessibility of these services and supporting their digital transformation, aiming for a more agile response, reducing the use of paper, and improving service management.

IDB Lab and Google Announce Finalists of the 2023 WeXchange Women STEMpreneurs Competition

May 24, 2023
WeXchange, the platform of the innovation laboratory of the Inter-American Development Bank Group, IDB Lab, which connects STEM (science, technology, engineering, and mathematics) entrepreneurs from Latin America and the Caribbean with mentors and investors, and Google announced the 15 women-led companies selected in the call for the WeXchange Women STEMpreneurs Competition 2023.

IDB and GPE Partner for Education Funding in Belize

May 24, 2023
The Inter-American Development Bank (IDB) and the Global Partnership for Education (GPE) have teamed up to transform education in Latin America and the Caribbean. As part of this initiative, the two institutions have approved a total of $20 million in financing to support the Skills for the Future Program in Belize.

IDB Lab Forum Showcases Innovation and Technology in Development

May 17, 2023
Through its innovation laboratory, IDB Lab, the Inter-American Development Bank Group, will hold the second edition of IDB Lab Forum in Bogotá, Colombia, on June 13 and 14. The thematic axes of the event are financing and the promotion of entrepreneurial ecosystems.

IDB Report Finds Caribbean Businesses Need More Innovation and Productivity

May 16, 2023
An analysis using an extensive database and recent research sheds light on opportunities and constraints for Caribbean businesses. The report is part of the IDB’s Caribbean Economics Quarterly series. Caribbean governments should focus on policies that facilitate businesses’ efforts to innovate and improve productivity, according to a new report from the Inter-American Development Bank (IDB). The policies should focus on the constraints expressed by business owners themselves through enterprise surveys conducted in the Caribbean.

Latin America and the Caribbean: Economic Recovery and Higher Commodity Prices Drive Rebound in Tax Revenues

May 15, 2023
Tax revenues as a share of GDP in Latin America and the Caribbean rebounded to their pre-pandemic level in 2021 amid an economic recovery and higher commodity prices, according to a new report.

IDB Announces New Executive Vice President and Two Vice Presidents

May 12, 2023
Candidates nominated by President Ilan Goldfajn confirmed by the Board of Executive Directors The Inter-American Development Bank (IDB) announced the Executive Vice President and two of the Vice Presidents. Jordan Schwartz will be Executive Vice President, Ana María Ibáñez as Vice President for Sectors and Knowledge, and Anabel González will serve as Vice President for Countries. The candidates were confirmed by the IDB’s Board of Executive Directors.

IDB launches C$750 Million 5-year Sustainable Development Bond

May 11, 2023
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new C$750 million 5-year CAD Sustainable Development Bond (“SDB”). The transaction in Canadian dollars pays a semi-annual coupon of 3.400% and matures on 24th May 2028. It was priced at flat to CDOR mid-swaps, which equates to 38.25 basis points over the 3.500% CAN due March 2028 and carries a semi-annual yield of 3.441%.