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President Clinton Authorized $20 Billion Loan to Mexico in 1995

Today in Latin American history, President Bill Clinton authorized a $20 billion loan to Mexico to stabilize its economy in 1995. 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 »

Oil Workers Union has Spent Over 95 pct of $39.3 Million Pemex Loan

Some 95.4 percent of the interest-free loan of 500 million pesos (about $39.3 million) provided by state-owned oil giant Petroleos Mexicanos, or Pemex, in 2011 for employee housing has been spent, the STPRM oil workers union said. continue reading »

Pemex Lends $39.3 Million to Workers’ Union Interest-free

Mexican state-owned oil monopoly Petroleos Mexicanos made a 10-year, interest-free loan for 500 million pesos ($39.3 million) to the union representing its employees, Mexico City daily Reforma reported Thursday. 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 »

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 »

Nicaragua Using Nearly $40 Million Loan to Improve Transportation System

Nicaragua will improve the efficiency and safety of its transportation system and advance regional integration with a $39.2 million loan approved by the Inter-American Development Bank (IDB). continue reading »

IDB Loan Will Support the Productive Community Secondary Education Model in Bolivia

The Inter-American Development Bank (IDB) has approved a loan for $40 million to finance the 2010 “Avelino Siñani-Elizardo Pérez” Education Law in Bolivia, which requires that secondary education be obligatory and that it follow a humanistic and technical model, among other things. continue reading »

Costa Rica to Improve Education Infrastructure with $167M Loan

Costa Rica will improve the physical conditions of educational infrastructure, the learning environment, and the efficiency in elmentary and secondary schools with a $167 million loan approved by the Inter-American Development Bank (IDB). continue reading »

IDB Loan To Improve the Quality of Human Resource Training in Colombia

The Inter-American Development Bank (IDB) has approved a $100 million loan to the government of Colombia to reform its human capital formation system. The program aims to improve the quality and relevance of human resource training as a means of raising productivity and labor qualifications in the country. continue reading »

IDB Loan Will Improve 1.7 Million Nicaraguans’ Quality of Life

The Inter-American Development Bank (IDB) has approved a $35 million loan to improve electricity service in Nicaragua, the third part for the National Sustainable Electrification and Renewable Energy Program (PNESER, the Spanish acronym). continue reading »

Nicaragua Using $45M Loan to Improve Health Services For Most Vulnerable Groups

The Inter-American Development Bank (IDB) approved a second loan for $45 million to Nicaragua to improve spending priorities and efficiency on health and social protection for the country’s most vulnerable groups. The reforms carried out by the program will meet the needs of pregnant women and children in the poorest fifth of the nation’s population. continue reading »

Argentina Combats Chronic Diseases with IDB Assistance

The Inter-American Development Bank (IDB) today approved a $150 million loan to help Argentina reduce the number of deaths caused by cardiovascular events and other chronic ailments, with a special focus on people without health insurance. continue reading »

12,000 Nicaraguan Families to Benefit From Improved Housing Conditions

The Inter-American Development Bank (IDB) approved a loan of up to $5 million to Nicaragua’s Foundation for the Promotion of Local Development (Prodel), paving the way for the non-profit organization serving the base of the pyramid to expand financing for basic community infrastructure and incremental home improvement projects. continue reading »

IDB Loan Will Provide 500,000 With Cleaner Drinking Water in Argentina

A $500 million loan from the Inter-American Development Bank (IDB) will help finance a program to provide 516,000 people in northern Argentina access to improved wastewater treatment services. continue reading »