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Science, Technology and Innovation
Science, Technology and Innovation

Innovation is essential for more productivity and economic progress.

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Sector Framework Initiatives Projects at a Glance
Dron estacionado en carretera rural. Agricultura y Tecnología - Banco Interamericano de Desarrollo - BID
OUR VISION

We help to strengthen competitiveness through corporate innovation, making clear that knowing the region’s economies is crucial for success within the context of current technological changes. 

Recipiente de vidrio a medio llenar con químico azul. Ciencia y Desarrollo - Banco Interamericano de Desarrollo - BID
CURRENT FOCUS AREAS

Boost science, technology, and innovation investment, both public and private, in order to reduce the innovation deficit characteristic of the region’s economies. 

Work with governments of the region to develop and implement public policies that strengthen the Innovation and entrepreneurial ecosystem. 

Support the countries of the region in taking full advantage of the potential of the digital economy and mitigating its negative effects. 

Support the generation of highly qualified human capital as a key component to sustain and further develop innovation ecosystems. 

Promote innovative initiatives that align with global policies and goals against climate change, endorsing the use of technology and cutting-edge knowledge that support the region towards decarbonization.  

Innovation

Innovation acts as a key determinant of long-term growth by improving ways of combining capital and labor, playing an essential role in the competitive advantage, sustainability, increased productivity and economic progress

Nutricion nativa
Competitiveness

Training in science, technology and innovation for advanced human capital; strengthening scientific and technological infrastructure; designing public policies to promote innovation; and strengthening institutional capacity of the agencies and ministries that are responsible for implementing these policies have a direct impact on productivity.

Hombre y mujer profesionales colaborando juntos. Equidad de género y diversidad - Banco Interamericano de Desarrollo - BID
Levels and growth

About half of the disparity in income levels and growth rates between countries due to differences in total factor productivity.

Personas firmando un contrato. Comercio y desarrollo empresarial - Banco Interamericano de Desarrollo - BID
Research and development

Studies have concluded that investment in research and development explains up to 75% of the differences in total factor productivity growth rates.

Ingenieros leyendo documentación en obra en vía pública. Desarrollo urbano - Banco Interamericano de Desarrollo - BID
Economy based on knowledge

A decisive factor for an economy based on knowledge is the exponential growth of information generated by the expansion of information technology and communications.  

Mujer frente a computador navegando por la web del BID. Transformación digital - Banco Interamericano de Desarrollo - BID
IDB Group Launches 7th Edition of Superheroes of Development to Recognize Project Executors
The call will be open from May 20 to June 14, 2024 The Inter-American Development Bank Group (IDB Group) launched the seventh edition of the Superheroes of Development contest to recognize clients and executing institutions excelling in the successful resolution of challenges during the...
May 21, 2024
New Global FiCS Lab Platform Will Help Public Development Banks Accelerate Climate Action
RIO DE JANEIRO — Today, Finance in Common (FiCS), the Inter-American Development Bank (IDB), and Climate Policy Initiative (CPI) launched the FiCS Financial Innovation Lab (FiCS Lab), a new global platform to help public development banks in emerging markets and developing economies to mobilize...
May 20, 2024
Eight out of 10 Latin Americans support regional integration, a record number
A new study by the Inter-American Development Bank (IDB) shows that 79% of Latin Americans support their country’s integration with other Latin American countries, the highest level since this data began to be collected.This is one of the findings of “América Latina en conexión: apoyo récord a la...
May 16, 2024
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See Our Publications
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IDB specialists and guest authors discuss the 'i' in innovation, ideas, inspiration, investment, and its implications for public policies. Because innovating through science, technology, creativity, and entrepreneurship will transform productivity and the quality of life in Latin America and the Caribbean in the digital age.

A large green field with rows of plants. Sustainable development - Inter-American Development Bank - IDB The Agtech Revolution in the Andean Region: How Technology is Transforming the Future of Agriculture?

According to the study 'New Horizons for Productive Transformation in the Andean Region,' this sector represented 8.5% of the GDP in the region between 2012 and 2021, historically ranking it as the second most important.

Aerial view of a building with solar panels on the roof. Agriculture - Inter-American Development Bank - IDB Competitiveness and innovation to drive a greener future in Latin America and the Caribbean

After the COVID-19 pandemic, several governments took measures to rebuild their economies in ways that are more robust, responsible, and responsive to challenges such as climate change and food security. Entry available only in Spanish.

Plataforma Breaking Barriers: The Keys to Success for Innovation Agencies in the Future

Innovation agencies are playing an increasingly important role in Latin America and the Caribbean, driving growth and productivity through policies related to science, technology, and innovation.

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Private Firms and SME Development

The IDB Group is committed to the development of Latin America and the Caribbean through the private sector and channels.

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Reform and Modernization of the State

Building state capacity to strengthen rule of law, promote innovation and open governments to deliver better citizen services.

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