IDB launches Blue Tech Challenge with up to US$2M in funding for Blue Economy proposals

The IDB through its Multilateral Investment Fund (MIF), Natural Capital Lab, Sustainable Islands Platform, and in alliance with the Compete Caribbean Partnership Facility, which is also supported by DFID, CDB and the Government of Canada, will identify firms and organizations looking to pilot and scale up business models that use cutting edge technologies to contribute to the sustainable management of oceans, marine ecosystems and coastal resources.

Pilot program uses blockchain to improve youth employment in Costa Rica

The Innovation Lab of the IDB Group (MIF), the Monge Foundation, and BanQu, a for-purpose blockchain as-a-service company, have joined forces to launch a pilot program aimed at improving Costa Rican youth employment outcomes.  This new pilot seeks to provide Costa Rican youth with secure and immutable records of certificate completion from school, internships, and employment using blockchain technology.

IDB to invest $33.5 million to improve solid waste management in Haiti

More than 23,000 homes in northern Haiti will benefit from better environmental and health conditions through a solid waste management and final disposal program

The Inter-American Development Bank (IDB) has approved a $33.5 million grant to help finance an integrated solid waste management program in northern Haiti.

The program’s goal is to boost living conditions in the departments of Cap-Haitien, Limonade and Quartier Morin by improving management and funding solid waste handling and final disposal infrastructure.

IDB approves $51.6 million loan to boost electricity sector in Bolivia

The program is the first of two operations under the Programmatic Policy-Based Lending modality which will help improve the sustainability of the electricity sector in Bolivia

The Inter-American Development Bank (IDB) has approved a $51.6 million loan for Bolivia which will strengthen sustainable development of the electricity sector, including the promotion of renewable energies such as geothermal, solar and wind power.

Challenges and opportunities for creative entrepreneurs revealed in IDB study

Launching an Orange Future analyzes the situation of creative and cultural entrepreneurs in the region

Around 70% of creative entrepreneurships fail because of bad financial planning, lack of understanding of the market and poor cash flow, according Launching an Orange Future, the new e-book released by the Inter-American Development Bank (IDB) in collaboration with the Failure Institute.

IDB launches $2.8 billion, 3.125% 10-year fixed-rate global bond

The Inter-American Development Bank (“IADB” or “IDB”), rated Aaa/AAA (Moody’s/S&P), priced a new $2.8 billion, 10-year global bond. 

The transaction pays a semi-annual coupon of 3.125% and matures on 18 September 2028. Priced with a spread of 18.15 basis points over the UST 2.875% due August 2028, this represents a yield of 3.15%. 

IDB supports national electric energy transmission program in Honduras

$150 million loan will improve service quality by reducing power outages

The approved lending operation will strengthen Honduras’s National Transmission System (NTS) by financing priority works under the National Electricity Energy Company’s (ENEE, after its Spanish initials) investment program.