Search News

Authored on

IDB Announces Winners of 2022 Superheroes of Development Initiative

October 20, 2022
The Inter-American Development Bank (IDB) announced the four winners of the fifth Superheroes of Development contest, which rewards creative and innovative solutions used in development projects financed by the IDB, IDB Invest and IDB Lab (IDB Group) in Latin America and the Caribbean.
2022-10-20

IDB Lab Approves Investment to Boost Deeptech Ventures in Latin America

October 18, 2022
The innovation laboratory of the Inter-American Development Bank, IDB Lab, has approved an investment of $3 million in the GridX II regional fund to promote the creation and development of science-based ventures with a special focus on biotechnology. This investment will allow us to bet on solutions to environmental, inequality, and health issues raised by a maximum of 75 deeptech startups in our region.
2022-10-18

MDBs’ Climate Finance in Low and Middle-Income Countries Reaches $51 Billion in 2021

October 14, 2022
Climate finance committed by major multilateral development banks (MDBs) rose by more than 24% last year compared to 2020, according to the 2021 Joint Report on Multilateral Development Banks’ Climate Finance, published today.
2022-10-14

IDB to Help Bolivia Upgrade its Airport Infrastructure

October 14, 2022
The Inter-American Development Bank (IDB) approved a $60,200,000 loan to modernize its Joya Andina and Capitán Oriel Lea Plaza airports in Uyuni and Tarija, integrating regions, enhancing connectivity, and boosting tourism in Bolivia.
2022-10-14

Argentina to Promote Macroeconomic Stability with a $700 Million IDB Loan  

October 12, 2022
Argentina will promote macroeconomic stability and strengthen its public finances with a $700 million loan from the Inter-American Development Bank (IDB).  The loan will provide budgetary support to help the country meet its short-term financing needs and protect social spending on vulnerable groups and infrastructure, while implementing reforms to reduce the public deficit, promote price stability, and ensure debt sustainability. 
2022-10-12

IDB Hosts Discussions with Latin America and Caribbean Finance Ministers, Central Bank Presidents

October 07, 2022
(UPDATED OCT. 10 WITH ADDITION OF FINANCE MINISTERS FROM JAMAICA AND ARGENTINA) Journalists are invited to cover the open sessions of the 56th Meeting of the Network of Central Banks and Finance Ministers on Wednesday, October 12 and 13. Registration is required to attend in person. All times are in Eastern Daylight Time OCTOBER 12
2022-10-07

Caribbean Development Bank will promote Eastern Caribbean MSMEs with IDB support

October 03, 2022
The Inter-American Development Bank (IDB) approved a US$20 million loan to the Caribbean Development Bank to bolster private-sector development and boost the productivity of micro, small and medium-sized enterprises (MSMEs) in Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, which are all eligible members of the Organization of Eastern Caribbean States.
2022-10-03

Ecuador to Strengthen Tax and Customs Administration with IDB Support

October 03, 2022
Ecuador will increase its tax and customs duties to boost its economic competitiveness and improve the climate for international trade, with the help of an $84 million loan from the Inter-American Development Bank (IDB). The funds, to be disbursed over five years, will streamline the tax and customs control operations of Ecuador’s tax and customs administrations, facilitating foreign trade.
2022-10-03

Argentina's Neuquén Province to Provide Financing to MSMEs, with IDB Support

October 03, 2022
The Inter-American Development Bank (IDB) approved a $40 million loan to grant productive financing to micro-, small-, and medium-size enterprises (MSMEs) in the Province of Neuquén, Argentina. The operation aims to help Neuquén restore production and provide sustainable jobs.
2022-10-03

IDB and KIAT Strengthen Collaboration for Innovation in Latin America and the Caribbean

September 29, 2022
seoul - The Inter-American Development Bank (IDB) and the Korea Institute for Advancement of Technology (KIAT), within the context of the 6th Korea-LAC Business Summit, signed a memorandum of understanding (MoU) to strengthen the collaboration to foster the support for the sustainable development and transition to a low-carbon economy in Latin America utilizing innovative technology and Korea's experience.
2022-09-29