Regional development banks present study on technology’s impact on jobs

The Future of Work: Regional Perspectives discusses the impact of the Fourth Industrial Revolution on labor markets across the globe

Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could displace human labor, widen income inequality and contribute to greater informality in the workforce.

IDB launches initiative to promote savings for retirement in Latin America and the Caribbean

The Retirement Savings Laboratory will carry out pilot programs to encourage more workers in the region to save for their old age.

The Inter-American Development Bank (IDB) today presented the Retirement Savings Laboratory, a project that seeks to increase the number of people saving for retirement in Latin America and the Caribbean.

IDB Invest finances the construction of an 80 MW solar plant in Argentina

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, finances the construction, operation and maintenance of Cordillera Solar I, an 80MW solar photovoltaic plant in the province of San Juan, in Argentina. The project is developed by Jinko Solar, a global leader in the production of photovoltaic modules. This is Jinko Solar’s first investment in Latin America’s Southern Cone.

IDB salutes Central American nations’ progress towards forming a Regional Electricity Market

The Inter-American Development Bank (IDB) yesterday hosted a meeting of Energy Ministers and senior regional regulatory agency officials from the Regional Electricity Market (MER) comprising Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama, along with representatives from the U.S. State Department and the Government of Mexico.

IDB launches largest-ever bond

Sets record for largest investor interest in an IDB deal

The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s/S&P), priced a new $4 billion 3-year global issue, its largest bond ever.

The transaction pays a semi-annual coupon of 2.625% and matures on April 19, 2021. It priced with a spread of 22.1 basis points over the 2.375% UST due April 15, 2021, which represents a yield of 2.702% s.a.

Business leaders and the IDB issue call to reduce food waste in Latin America and the Caribbean

Nearly 348,000 tons of edible products are lost and spoiled every day in the region

LIMA, Peru - Business leaders have joined forces with the Inter-American Development Bank (IDB) to issue a call to reduce food losses and waste in Latin America and the Caribbean, a region where 348,000 tons of food (223 kilos per person per year) are spoiled or squandered every day while nearly 42 million people go hungry.

The IDB and eight multinational enterprises jointly commit to empower 100,000 women entrepreneurs in the Americas

The initiative seeks to coach, connect, and certify women entrepreneurs from across the hemisphere.

Lima, Peru – On the occasion of the 3rd CEO Summit of the Americas, Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), and senior executives from Google, IBM, Microsoft, Facebook, Coca-Cola, PepsiCo, MasterCard and Danper have announced their commitment to the IDB’s #100kChallenge initiative, seeking to coach, connect and certify more than 100,000 women entrepreneurs in the Americas by 2021.

Business leaders urge public-private measures to spur economic growth and strengthen transparency

More than 1200 business leaders and 12 heads of State attend CEO Summit of the Americas ahead of major hemispheric meeting

LIMA, Peru - Business leaders gathered at the III CEO Summit of the Americas urged bold actions by governments to promote greater transparency and increase economic growth. They also committed to a series of measures to ensure the private sector plays its part in curtailing corruption, according to a new report issued today.