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Argentina To Improve the Buenos Aires Railroad System with IDB Support

The Inter-American Development Bank (IDB) approved a conditional credit line for $1.2 billion to finance a program to improve metropolitan railroads in Argentina. The Bank also approved the first loan in the credit line for $300 million for the Plaza Constitución–La Plata branch of the General Roca Railroad, which will benefit 2.4 million people in the Buenos Aires metropolitan area. continue reading »

LatAm’s Economic Growth Depends on Investments in Infrastructure

Investment in badly needed infrastructure will enable Latin America to continue growing even as the region's raw materials boom begins to subside, Latin American and Chinese experts said here Wednesday. continue reading »

Mexico to Receive $600 Million in Financing for Opportunities Program

The well-known Mexican human development program Opportunities will receive $600 million in new financing from the Inter-American Development Bank (IDB) to strengthen the development of human capital in education, nutrition, and health in poor families with the aim of breaking the intergenerational cycle of poverty and guaranteeing a minimum income to vulnerable households. continue reading »

IDB Lends El Salvador $25 Million to Improve Coastal Tourism

El Salvador’s Ministry of Tourism will receive a $25 million loan from the Inter-American Development Bank (IDB) to finance the development of tourism attractions in La Libertad and Usulután coastal regions. continue reading »

Colombia Receives $250 Million Loan to Reform Health Care System

Colombia will strengthen its health care system through a model that emphasizes prevention with the help of a programmatic policy-based loan for $250 million from the Inter-American Development Bank (IDB). continue reading »

Ecuador to Boost Agricultural Productivity with $15 Million Loan

Ecuador will receive a $15 million loan from the Inter-American Development Bank (IDB) for an investment program to increase agricultural productivity and improve market access for rural families in one of its poorest provinces. continue reading »

$50 Million Loan to Expand Healthcare Coverage, Health Services in Honduras

Honduras will utilize a $50 million loan from the Inter-American Development Bank (IDB) to improve access to quality health services, especially in poor rural areas, enabling the government to double the number of beneficiaries by 2015. continue reading »

Four Colombian Cities Receive IDB Plans for Urban Growth

The Inter-American Development Bank (IDB) today announced the completion of action plans for the Colombian cities of Barranquilla, Bucaramanga, Manizales, and Pereira, providing them with powerful tools to prioritize their investments over the next decade. continue reading »

Obama Says Private Sector is Key to Central American Development

U.S. President Barack Obama noted Saturday the private sector's enormous potential for Central American development, and urged a combination in the region of good government and a free market. continue reading »

Brazilian Education System to Receive $200 Million Loan

The Brazilian state of Pará will receive significant support from the Inter-American Development Bank (IDB) to improve access to quality basic education, the IDB announced today. continue reading »

$61 Billion in Remittances Flows to Latin America

Remittances to Latin America and the Caribbean (LAC) showed a slight increase in 2012 with respect to the previous year, according to the latest report on remittances by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group. continue reading »

Loan Allows Argentina to Offer Basic Services Coverage in Disadvantaged Areas

The Inter-American Development Bank approved a $250 million loan for a program to increase coverage of basic services in Argentina’s less developed municipalities, with emphasis on the poorest areas of the Norte Grande region. continue reading »

Brazil to Receive Grant to Promote Low-Carbon Agriculture

Brazil is to receive funding to provide small and medium farmers with grants to encourage the adoption of sustainable farming methods in states critical to Brazil’s biomass—three in the Amazon region (Mato Grosso, Pará and Rondônia) plus four in the Atlantic Forest region (Bahia, Minas Gerais, Paraná and Rio Grande do Sul). continue reading »

Solar Energy Projects in Chile Receive $40 Million Loans

The Inter-American Development Bank (IDB) approved a loan package for $41.4 million to private sector firms for the construction, operation, and maintenance of three photovoltaic solar power plants in the Atacama Desert in northern Chile. The financing consists of a loan for $20.7 million from the IDB’s ordinary capital and a loan for $20.7 million from the Canadian Climate Fund for the Private Sector in the Americas, which is administered by the Bank. continue reading »

IDB Supports Increased Investment, Exports for Uruguay with $550 Million Loan

The Inter-American Development Bank (IDB) has approved a $550 million operation for Uruguay to fund the Program for Strategic International Positioning, which aims to substantially increase investment and exports by strengthening the regulatory and institutional framework, promoting and facilitating trade, and boosting entrepreneurial innovation. continue reading »

With IDB Support, Peru’s USIL Broadens Low-income Students’ Access to Higher Education

The Universidad San Ignacio de Loyola (USIL), a leading private university in Peru, will receive a $23.5 million loan from the Inter-American Development Bank (IDB) to double its capacity and expand access to affordable education programs for low-income students. continue reading »

Uruguay to Improve Montevideo’s Public Transport System with $70 Million Loan

The Inter-American Development Bank (IDB) has approved a loan for $70 million to Uruguay to support a public transport system in the eastern section of Montevideo as an alternative to individual transport. continue reading »

Spanish Engineering Firm to Benefit from $100 Million Loan From IDB

Spanish engineering and consulting company Isolux has received a $100 million corporate loan from the Inter-American Development Bank to finance renewable energy and energy infrastructure projects in Peru and Brazil. continue reading »

190,000 Households to Benefit From Improved Waste Management in Bolivia

Bolivia will improve municipal solid waste management services including sweeping, collection, transportation, and disposal, with a $20 million loan from the Inter-American Development Bank (IDB). continue reading »

Colombia Receives $12 Million Loan to Train 4,000 Youth For Offshoring Industry

The Inter-American Development Bank (IDB) approved a $12 million loan to promote the expansion of the offshoring services industry in Colombia in order to increase employment, boost exports of high value-added services, and improve the sector’s business climate. continue reading »