Peru will improve and enhance the storm drainage service provided to more than 30,000 homes in the districts of Puerto Maldonado and El Triunfo with help from a $74 million loan approved by the Inter-American Development Bank (IDB). The government of Peru will assign an additional $29.3 million, taking total investment in the project to $103.3 million.

  • Lack of trust shown to undermine firm growth and innovation.
  • Report calls for key reforms to promote trust and boost post-COVID recovery.
  • Dealing with power and information asymmetries needed to improve trust. 

Increasing trust is key to a more dynamic business sector and economic reforms needed for a stronger post-COVID recovery in Latin America and the Caribbean, according to a new flagship report by the Inter-American Development Bank.

The initiative seeks better job opportunities for vulnerable populations

IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB), will provide financial support to Slang, the Colombian educational technology startup that is based on machine learning and artificial intelligence, to teach English to manual workers. This investment, worth $1 million, will support students entering the labor market, provide job training, and present opportunities for youth, blue-collar workers, and the unemployed populations of Latin America and the Caribbean.

Washington, D.C., January 6, 2021 – The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $3.5 billion 5-year Global benchmark.

The transaction pays a semi-annual coupon of 1.500% and matures on 13th January 2027. It was priced with a spread of 22 basis points over SOFR mid-swaps, which equates to 8.28 basis points over the 1.250% UST due December 2026 and carries a semi-annual yield of 1.552%.

The Inter-American Development Bank (IDB) and France are pleased to announce the financing of new projects that will provide benefits for livelihoods, economic recovery, and the conservation, preservation and restoration of tropical forests in Latin America as part of France's participation in the Alliance for the conservation of rainforests. 

The Inter-American Development Bank (IDB) and France are pleased to announce the financing of new projects that will provide benefits for livelihoods, economic recovery, and the conservation, preservation and restoration of tropical forests in Latin America as part of France's participation in the Alliance for the conservation of rainforests. 

  • Total is second highest in the history of the IDB and IDB Invest and is helping countries address COVID-19, strengthen supply chains, invest in digitalization, build climate-change resilience, reduce gender inequality, and help small companies create jobs.
  • IDB Invest expects to provide $5.5 billion in commitments and a record-breaking $2.8 billion in mobilizations.