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IDB and IDB Invest Study Highlights Opportunities for the Circular Economy in Colombia
December 15, 2022
Latin America and the Caribbean’s financial systems must look at the circular economy not just as a product but also as a systemic approach, to take advantage of its full potential, according to the latest study Financing the Circular Economy: The Colombian Experience, published by the Inter-American Development Bank and IDB Invest, in collaboration with Bancolombia, Banco de Bogotá and Bancóldex.
2022-12-15
Trinidad and Tobago will Upgrade Water Services with IDB Support
December 15, 2022
The Inter-American Development Bank (IDB) has approved an US$80 million loan to boost the efficiency, quality, sustainability, and resilience of Trinidad and Tobago’s drinking water supply and water security.
2022-12-15
Suriname to Improve Medium-Term Fiscal Sustainability with IDB Support
December 15, 2022
Suriname is working to improve its medium-term fiscal sustainability by optimizing tax revenue collection and improving budget planning and execution, as well as public investment management, supported with a US$50 million loan approved by the Inter-American Development Bank (IDB).
2022-12-15
Countries Deploy 1.1% of GDP to Allay Inflation and Food Insecurity
December 14, 2022
To bring relief in the face of growing food insecurity and historic levels of inflation, the governments of Central America, Panama, and the Dominican Republic (CAPARD), Mexico and Haiti have passed policy measures worth an average of 1.1% of their gross domestic products. Over 62 million people in these countries experienced food insecurity following the pandemic. Recent food price hikes have intensified the problem, and a higher proportion of people are food insecure in this subregion than anywhere else in Latin America and the Caribbean.
2022-12-12
IDB to Support the Region in Implementing the New Global Biodiversity Framework
December 13, 2022
IDB ATTENDS COP15 AS THE LEADING MDB FOR NATURE-BASED SOLUTIONS IN LATIN AMERICA AND THE CARIBBEAN
The Inter-American Development Bank (IDB) is committed to increasing its nature-positive finance and will continue its process to develop a green finance target. The IDB will also continue leading work with other multilateral development banks (MDBs) to develop a commonly agreed definition of nature-positive finance and a tracking methodology for the second quarter of 2023.
2022-12-13
IDB and ADB Scale Up Exposure Exchange with a New Deal Worth $1.5 billion
December 12, 2022
The Inter-American Development Bank (IDB) and the Asian Development Bank (ADB) signed a sovereign exposure exchange agreement worth $1.5 billion. The operation is an innovative way to strengthen the multilateral development banks’ (MDB) capital adequacy and boost their lending capacity.
2022-12-13
Bolivia to Improve Road Connections in La Paz with IDB Support
December 09, 2022
The Inter-American Development Bank (IDB) approved a $50 million loan to better connect the Department of La Paz and further integrate its economy. This funding will be used to improve and pave a 33.1 kilometer stretch of Highway RVF19 Botijlaca-Caquiaviri, lowering travel costs and times.
With a focus on safety, sustainability, and inclusion, the program will also implement better road safety standards, and the roadworks will be engineered to meet climate-resilient design standards.
2022-12-09
Bolivia to Boost Quality of Public Investment with IDB Support
December 09, 2022
Bolivia will improve its public investment quality with a $52 million loan from the Inter-American Development Bank (IDB). The program will deepen the institutional pre-investment and investment management capabilities of the Vice Ministry of Public Investment and External Finance and ministries in charge of specific sectors.
2022-12-09
More Exporting Companies Recognize the Importance of Sustainable Practices
December 09, 2022
Around eight out of 10 companies in Latin America and the Caribbean consider that their clients would value the application of practices aligned with the environment and that they could adapt to meet these expectations, according to a survey by the Inter-American Development Bank (IDB).
The result is an improvement compared to 2021 when 69% of respondents agreed with this position. Conversely, 6% of firms believe they do not have the necessary tools to adapt. The main obstacles they point to are investment and financing (56%) and technical capabilities (30%).
2022-12-09
Guyana to Strengthen Health Services with IDB Support
December 09, 2022
The Inter-American Development Bank (IDB) approved a US$97 million loan to strengthen Guyana’s health care network – the first operation under a conditional credit line for investment projects (CCLIP). The overall objective of the CCLIP, which will include multiple loans, is to improve access, quality, and efficiency of health services in the country.
2022-12-09