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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 »

Uruguay Receives $107.7 Million Loan to Finance 2 Wind Farms

The Inter-American Development Bank (IDB) has approved two loans totaling $107.7 million to finance the construction of the El Libertador and Palmatir wind farms in Uruguay. continue reading »

El Salvador to Launch Youth Violence Prevention Program

El Salvador will implement a new social youth violence prevention project, which combines work training, institutional strengthening and jail rehabilitation programs, among other actions, thanks to a $45 million loan approved today by the Inter-American Development Bank (IDB). continue reading »

Mexican Organization Receives $10M Loan to Expand Low-cost Medical Clinics

Salud Digna Para Todos I.A.P., a Mexican non-profit organization, will get a 130 million Mexican peso loan ($10 million) from the Inter-American Development Bank (IDB) to expand access to high-quality, low-cost medical diagnostic services in several northwestern and central Mexican states. continue reading »

Costa Rica to Boost Innovation with $35 Million Loan

The Inter-American Development Bank (IDB) announced the approval of a $35 million loan to Costa Rica for a program that will help boost productivity by supporting innovation and human capital formation in strategic sectors. continue reading »

Peru’s Business Sector to Improve Competitiveness, Stability with $30 Million Loan

Peru is carrying out reforms to increase productivity and business competitiveness in a program financed by a $30 million loan from the Inter-American Development Bank (IDB). continue reading »

Dominican Republic to Improve Access to Drinking Water With $25 Million Loan

The Dominican Republic will improve water services for 329,000 inhabitants in the metropolitan area of Santiago de los Caballeros with a $25 million loan from the Inter-American Development Bank (IDB). continue reading »

Mexico To Fight Deforestation With $15 Million Loan

Mexico will receive $15 million in financial and technical assistance to support climate change mitigation efforts. The program will create a dedicated financing line, accessible by communities and ejidos or their members, for identified low carbon projects in forest landscapes in five of the states with the highest levels of net forest loss: Oaxaca, Yucatán, Quintana Roo, Jalisco and Campeche. continue reading »