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IDB Awards $7M to Organizations in Latin America Working to Reduce Poverty

The Inter-American Development Bank (IDB) announced the results of the Call for Proposals for Civil Society Projects that support low-income communities and vulnerable groups, funded through the IDB-managed Japan Fund for Poverty Reduction Program. continue reading »

Honduran Hospital Network Receives $30 M Loan Benefiting 29,000 Women, 12,500 Newborns

The Inter-American Development Bank (IDB) will provide $30 million to help finance the maternal and child hospital network in the departments of Intibucá, Lempira, and Valle in southwestern Honduras, one of the poorest areas of the country. The goal is help reduce maternal and neonatal mortality in hospitals and improve coverage and quality of services through an innovative management model. continue reading »

Honduras Investing in Violence Prevention and Citizen Security

The Inter-American Development Bank (IDB) has approved a $60 million loan to help the government of Honduras improve citizen security at the national and municipal levels. continue reading »

Argentina to Spend $30 Million to Support Family Farms

The Inter-American Development Bank (IDB) approved a loan for $30 million to Argentina to finance a program to increase incomes more than 2,000 family farms in the provinces of Chaco and Entre Ríos, of which 14 percent are managed by women heads of houshold. continue reading »

Panamanian Students to Benefit from IDB Loans

The Inter-American Development Bank approved a loan for $70 million to provide innovative educational infrastructure to 47 communities in Panama that will benefit more than 38,000 students. The goal is to expand educational opportunities and encourage students in marginal and indigenous areas to complete basic education. continue reading »

Latin America and Caribbean Face Close to $100 Billion in Damages from Global Warming

Latin America and the Caribbean face annual damages in the order of $100 billion by 2050 from diminishing agricultural yields, disappearing glaciers, flooding, droughts and other events triggered by a warming planet, according to the findings of a new report to be released at the Rio+20 summit. continue reading »

Bolivia to Implement Model Program for Early Childhood Development

Bolivia will implement a model program for early childhood development to improve access and quality of care for more than 25,000 children under 4 years old, with a $20 million loan approved by the Inter-American Development Bank (IDB). continue reading »

Nicaragua Set to Launch Rent-to-Own Housing Program

The Inter-American Development Bank (IDB) approved a $10 million loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing. continue reading »

Remittances to Latin America and Caribbean Rose to $61 Billion in 2011

Latin American and Caribbean migrants sent $61 billion in remittances to their home countries last year, up 6 percent from $57.6 billion in 2010, according to a report released today by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank group. continue reading »

Panama Improves Ability to Respond to Natural Disasters with $100 Million Standby Loan

Panama will substantially improve its ability to respond to natural disasters with a $100 million Inter-American Development Bank (IDB) standby loan. continue reading »

Discarded Waste from Tropical Fruit Acai to Supply Power Plants in Brazil

A $2 million pilot project backed by the IDB’s Multilateral Investment Fund will help poor families in northern Brazil become biomass suppliers to power plants by using waste from açai, a tropical fruit. continue reading »

Student Loans in Six Latin American Countries Set to Increase

The Inter-American Development Bank (IDB) will help expand the access to higher education in Latin America and the Caribbean by providing a $10 million loan to the Higher Education Finance Fund, L.P. (HEFF), a regional debt fund that seeks to offer student loans through local microfinance organizations. continue reading »

Dominican Republic Obtains $130 Million in Loans to Upgrade Toll Roads & Tourist Loaded Highways

The Inter-American Development Bank (IDB) approved its largest single no-sovereign guaranteed transaction in the Dominican Republic with a $130 million senior secured loan for Dominicana de Vías Concesionadas, C. por A. to finance the rehabilitation, construction, operation and maintenance of a network of connecting toll roads, known as Viadom. continue reading »

Argentina Investing $300 Million to Improve Roads

The Inter-American Development Bank (IDB) approved a $300 million loan to finance the expansion, rehabilitation and improvement of roads in Argentina. continue reading »

Residental Mortgage Lending in Latin America Gets Boost from International Lenders

La Hipotecaria will get a financial package of approximately $20 million from the Inter-American Development Bank (IDB) to boost residential mortgage financing to low- and middle-income individuals in El Salvador, Panama and Colombia. continue reading »

Latin America’s Renewable Energy Projects Get $30 Million in Funding

The Inter-American Development Bank (IDB) has approved a $30 million loan for the Emerging Energy Latin America Fund II, designed to boost the private sector continue reading »

Ecuador to Protect Its Cultural Heritage with a Nearly $40 Million Investment

Ecuador will carry out a broad program to protect and restore its cultural heritage with the help of a loan for $37.8 million from the Inter-American Development Bank (IDB). continue reading »

Latin American 2011 Export Growth Pegged at 26%, Venezuela Grew by 45%

Latin America’s projected 2011 export growth of 26 percent to approximately $1.1 trillion continues the strong growth posted in 2010, according to new estimates by the Inter-American Development Bank (IDB). continue reading »

Paraguay to Spends Millions to Improve Agricultural Productivity

The Inter-American Development Bank (IDB) approved a $25 million loan for a program to improve agricultural productivity in Paraguay by increasing security of property ownership. continue reading »

Uruguay Investing in Power Milk Business to the Tune of $65 Million

The Inter-American Development Bank (IDB), approved a loan of up to $65 million for Estancias del Lago SA, a Uruguayan privately-held agri-business company, to develop a fully-integrated and highly efficient dairy operation to export powered milk. continue reading »