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IDB Launches a New GBP 400 Million 7-Year Fixed- Rate Global Sustainable Development Bond

February 27, 2023
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new GBP 400 million 7-year global Sustainable Development benchmark. The transaction pays an annual coupon of 4.000% and matures on December 17, 2029. It was priced with a spread of 47bps over the UKT 0 ⅞ 10/22/29 reference Gilt, which equates to a semi-annual yield of 4.102%.
2023-02-27

IMF Approves IDB’s Application to Become Prescribed Holder of SDRs

February 21, 2023
The Inter-American Development Bank (IDB) is a prescribed holder of the International Monetary Fund´s Special Drawing Rights (SDRs). The IDB's application was approved by the IMF´s Board of Executive Directors. The approval became effective on February 8. The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. It is a basket of currencies comprised of the US dollar, Euro, Chinese Yuan, Japanese Yen, and the British Pound.
2023-02-21

IDB Centers Support on Social Development, Climate Impact and Sustainable Growth in Central America and Dominican Republic

February 21, 2023
SAN PEDRO, Belize – The Governors of Inter-American Development Bank (IDB) member countries in Central America and the Dominican Republic have gathered in Belize on February 20 and 21 for their 36th annual meeting.
2023-02-21

KRIVET Joins IDB Coalition to Promote Transversal Skills for the 21st Century

February 21, 2023
The Korea Research Institute for Vocational Education and Training (KRIVET) has joined the Inter-American Development Bank’s (IDB’s) 21st Century Skills Coalition in Latin America and the Caribbean. KRIVET will leverage its expertise to help with technical and vocational education and training to improve learning and boost job creation and growth in the region.
2023-02-21

IDB Comes to Chile’s Aid in Forest Fire Emergency

February 15, 2023
The Inter-American Development Bank (IDB) has approved a $200,000 technical cooperation to support humanitarian assistance for Chileans as the country battles massive forest fires.
2023-02-15

IDB Approves $100 Million Loan to Improve Secondary Education in Guatemala

February 15, 2023
The Inter-American Development Bank (IDB) approved a $100 million loan that will allow more young Guatemalans to complete a high-quality secondary education and bolster the country’s human capital. The initiative will benefit approximately 231,000 students ages 12 to 20 by expanding and enhancing existing school infrastructure, providing access to new digital technologies, and training teachers, and boosting their professionalism. The program will focus on rural and marginalized urban areas with low secondary school coverage.
2023-02-15

Colombia will Host the World’s Summit of Development Banks in 2023

February 15, 2023
Bancóldex, Colombia's business development bank, will host, together with the Inter-American Development Bank (IDB), and the Latin American Association of Financial Institutions for Development (ALIDE), the fourth edition of the Finance in Common Summit (FICS), the global network of public development banks.
2023-02-15

Agribusiness, Construction and Tourism Could Drive Central America’s Economy in 2023

February 12, 2023
A new Inter-American Development Bank (IDB) study points to agribusiness, construction and tourism as the industries with the greatest potential to generate jobs and growth in Central America, Mexico, Panama and the Dominican Republic. The study found that higher production in these industries could galvanize the regional economy in 2023 for two reasons: the large volume of inputs they require from all other industries, and their economic clout, since they account for 22% of the region’s output.
2023-02-13

IDB and IDB Invest to Hold Annual Meetings in Panama on March 16-19

February 10, 2023
Media registration is open for this important gathering of Latin American and Caribbean financial and economic leaders. The Inter-American Development Bank (IDB) and IDB Invest will hold their 2023 Annual Meeting in Panama on March 16-19. Economic and financial leaders from their 48 member countries and the private sector will discuss development challenges and opportunities in Latin America and the Caribbean, ranging from tackling climate change to ensuring equitable and sustainable growth.
2023-02-10

IDB Lab Promotes Regional Technology Entrepreneurship with Investment in Monashees X

February 07, 2023
The innovation laboratory of the Inter-American Development Bank, IDB Lab, has made an investment in Monashees X, a Brazilian fund specializing in entrepreneurial capital, to promote the growth, consolidation, and expansion of more than 30 technological startups in Latin America and the Caribbean (LAC).
2023-02-07