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Latin American Economies Doing Well Inspite of Global Economic Problems Say Economic Ministers

Latin America and the Caribbean continue to weather relatively well the problems currently afflicting the global economy, Inter-American Development Bank President Luis Alberto Moreno said today at a meeting of central bankers and finance ministers. continue reading »

Colombia To Bring Down Housing Shortage in Low-Income Sectors

The Inter-American Development Bank (IDB) will contribute to reduce the housing shortage in the most backward sectors of Colombia through a credit guarantee of 9.5 billion Colombian pesos (some US$5.38 million) granted to Credifamilia Compañía de Financiamiento S.A., which specializes in mortgage loans for social housing. continue reading »

Panama to Strengthen Its Fiscal Management and Obtain More Public Investment

With a $50 million loan from the Inter-American Development Bank (IDB), Panama will strengthen its fiscal management to help raise public investment through a sustainable increase in tax revenues and improved efficiency and transparency in public expenditure management. continue reading »

Nicaragua to Spend $20 Million to Support Housing for Low-Income Families

The Inter-American Development Bank (IDB) announced the approval of $20 million in financing to support a housing and neighborhood improvement program focused on low-income families in Nicaragua. continue reading »

Colombia Set to Cut Its Carbon Emissions

The Inter-American Development Bank (IDB) will support a $10.5 million project to set up a system of Verified Emissions Reductions (VERs) in Colombia, with the aim of cutting over half a million tons of carbon emissions over four years through a voluntary trading system, among other measures. continue reading »

Colombia Funds Early Childhood Services for Low-Income Households in Country

The Multilateral Investment Fund (MIF), a member of the IDB Group, is partnering with Fundación Carulla in Colombia to create a franchise of high-quality early childhood services for low-income households in the country. continue reading »

Chile Set to Boost and Diversify Its Fruit Exports

The Inter-American Development Bank today announced the approval of a $32 million loan to Chile’s Grupo Subsole, one of the largest locally owned fresh fruit companies and the country’s third largest table grape exporter. continue reading »

Spain Grants $25 Million to Honduras for Rural Water & Sanitation Improvements

Honduras will receive a $25 million grant from the Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean to expand and improve drinking water and sanitation services in rural communities with fewer than 2,000 people, the Inter-American Development Bank (IDB) said today. The Honduran government will contribute $2.5 million to the program. continue reading »

Brazil Refurbishes Hydroelectric Power Plants

In one of the largest energy-efficiency investments ever undertaken in Brazil, a public utility will use a $128 million loan from the Inter-American Development Bank (IDB) to partly finance the rehabilitation and modernization of two large hydroelectric complexes in order to increase power production, lower maintenance costs and double the service life of the facilities. continue reading »

First Ever Colombia-Brazil Investment Forum to Take Place, Santos, Lula & Others in Attendance

Prominent business and government personalities will take part in the First Colombia-Brazil Investment Forum on August 4 in Bogotá, Colombia. The event, sponsored by the Inter-American Development Bank (IDB), will be inaugurated by Colombian President Juan Manuel Santos, former Brazilian president Luiz Inácio Lula da Silva, and IDB President Luis Alberto Moreno. continue reading »

First Ever Colombia-Brazil Investment Forum to Take Place, Santos, Lula & Others in Attendance

Prominent business and government personalities will take part in the First Colombia-Brazil Investment Forum on August 4 in Bogotá, Colombia. The event, sponsored by the Inter-American Development Bank (IDB), will be inaugurated by Colombian President Juan Manuel Santos, former Brazilian president Luiz Inácio Lula da Silva, and IDB President Luis Alberto Moreno. continue reading »

Paraguay to Conduct Housing & Population Census

Paraguay’s 2012 National Population and Housing Census will be carried out with the help of a $12.5 million financing package from the Inter-American Development Bank (IDB). continue reading »

Colombia Promotes First Geothermal Energy Project

Colombia will promote investment in non-conventional renewable energy sources and lay the groundwork for its first geothermal project with a $2.7 million grant from the Global Environment Facility (GEF) administered by the Inter-American Development Bank (IDB). continue reading »

El Salvador Set to Improve Living Conditions of Women in Country

The Inter-American Development Bank (IDB) has approved a $20 million loan to help El Salvador finance the Ciudad Mujer (Women City) Program to be carried out by its Ministry of Social Inclusion continue reading »

IDB Aims to Save 350,000 Lives in Latin America thru Road Safety Instruction

The Inter-American Development Bank today participated in launching the first Decade of Action for Road Safety that the World Health Organization is carrying out with the objective of saving 350,000 lives in Latin America continue reading »

Rising Food Price Expected to Negatively Impact Urban Poor of Latin America

Rising international food prices could trigger an acceleration of inflation in several countries in Latin America and the Caribbean this year, highlighting the need for policies to protect the urban poor, according to a new study by Inter-American Development Bank (IDB). continue reading »

Argentina Investing to Improve Global Exports by Small-to-Mid Size Businesses

Argentina will seek to increase the value of annual exports by its small and medium enterprises (SMEs) by $90 million over the next two years, as part of a program to strengthen the management of foreign trade policy that will be supported by a $3 million loan approved by the Inter-American Development Bank (IDB). continue reading »

Honduras to Spend $37 Million to Improve Basic Education

Honduras will improve basic education for more than 100,000 students with the help of a $37 million loan from the Inter-American Development Bank (IDB). The financing will help students to learn more in basic education schools that serve the country’s poorest population. continue reading »

The Mosquitos are Back! Using Cell Phones to Combat Dengue

Dengue is getting worse in the Americas. During late 2010 the first dengue case in the United States outside the Texas Mexican Border since 1945 was detected in Key West and the disease has already spread to Miami. continue reading »

Shakira’s Barefoot Foundation to Help Rebuild Historic Public School

The Inter-American Development Bank and Colombian singer Shakira’s Barefoot Foundation announced they will support the Haitian government’s efforts to rebuild a historical public school in the capital’s downtown area. continue reading »