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IDB Launches New Access to Information Policy to Enhance Transparency and Accountability

The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a new Access to Information Policy that will boost transparency and enhance accountability of the bank’s operations. The implementation of this new policy will help make the IDB a more responsive and inclusive institution. The new policy, which updates the IDB's current policy approved in 2010, seeks to maximize access to information by simplifying processes for requesting information, reducing disclosure exceptions, and using clearer language. The new policy will also foster a more open dialogue with

Peru Strengthens Fiscal Management to Boost Economic Recovery

The Inter-American Development Bank (IDB) approved a $600 million loan to strengthen fiscal management sustainability in support of Peru's economic recovery program. The Program to Support Fiscal and Economic Recovery in Peru II, approved by the IDB's Board of Executive Directors, assists the Peruvian government in promoting measures to safeguard the fiscal framework. It also focuses on increasing tax collection at both the national and municipal levels, boosting public investment while maintaining spending levels that allow for economic and fiscal recovery, and promoting the effectiveness of

Uruguay to Improve Care for People with Disabilities and Dependency with IDB Support

The Inter-American Development Bank (IDB) approved a loan of $10 million and non-reimbursable funds of $2.5 million to improve access to quality care for people with disabilities and people with dependency. The program will promote access to quality care in educational settings for students with disabilities and dependency, including migrant children, benefiting 700 children in 156 schools. The loan will support the selection, hiring, and training of autonomy facilitators and quality supervisors of care in educational centers. The initiative will improve the quality of home care for

Uruguay to Strengthen Digital Government Services with IDB Support

The Inter-American Development Bank (IDB) approved a $74 million Conditional Credit Line for Investment Projects to increase the efficiency of public management, enhance the level of security in the digital space, and improve the management of Uruguay's healthcare system through the strengthening of digital government services. This credit line to implement the "Digital Transformation for a Smart Nation Program" includes a first individual loan of $20 million. Although Uruguay has a very high level of digital government development, there is still room for strengthening online public services

Brazil to Promote Sustainable Development of the Atlantic Forest in the State of Bahia

The Inter-American Development Bank (IDB) has approved a $100 million loan to improve income, food security, access to basic services, and climate change adaptation for the State of Bahia’s rural population and protect the region's natural resources. The project's area of operation will cover the Atlantic Forest, located on Bahia's southern coast and comprising 77 municipalities. The program approved by the IDB's Board of Executive Directors will benefit some 352,000 people in rural communities, especially in the most deprived municipalities. The project will also improve access to water for

Suriname to Improve Students' English Language, Digital Skills and Skills for Work with IDB Support

-The project will benefit approximately 66,000 students and 4,000 teachers. The IDB Board of Directors approved a $40 million project to promote the necessary skills in Suriname for its development, growth and competitiveness. The project will focus on English language skills, digital skills, and skills for developing tourism, Information and Communication Technology (ICT), agriculture, and industrial maintenance. The project will improve Suriname's educational system's readiness for information and communication technology and support the development of teachers' digital skills. The plan

IDB and Latin American Education Ministers Visit Croatia to Discuss Extended School-Day Policies

(ZAGREB, Croatia) - A delegation of officials from the Inter-American Development Bank (IDB) and Education Ministers and authorities from seven Latin American countries met with Croatian Prime Minister Andrej Plenković in Zagreb as part of a study tour to discuss extended school-day policies aimed at ensuring quality education for all. The tour, organized by the IDB and Croatian authorities, is part of an agreement that seeks to enhance and diversify learning opportunities in Latin America and the Caribbean through data-driven decision-making and innovative pedagogical strategies. “School-day

IDB Launches Australian Dollar Sustainable Development Bond for Taiju Life
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new 15-year fixed-rate Sustainable Development Bond (“SDB”) denominated in Australian Dollar, to support IDB’s mission to improve lives in Latin America and the Caribbean in a sustainable, climate friendly manner. Taiju Life Insurance Company is the sole investor of the bond with SMBC Nikko Capital Market Ltd. being the arranger. Through this bond issuance, the IDB raises awareness for Sustainable Development Goal #15 - Life on Land, including the protection, restoration, and sustainable management of
IDB Report Shows the Potential of Bioeconomy to Reverse Deforestation in the Amazonian Region

A new report by the Inter-American Development Bank (IDB) and the Igarapé Institute examines the bioeconomy of eight Amazonian countries and showcases opportunities to create sustainable economic alternatives for the almost 50 million people living in the region. The report provides new insights on ways to protect the Amazon rainforest before it undergoes a tipping point due to deforestation and degradation. “Re-imagining bioeconomy for Amazonia” explores how a deeper understanding of local bioeconomy, together with enabling legislation, capital for rapid scaling-up, and infrastructure, can

Study: Fintech Ecosystem in Latin America and the Caribbean Exceeds 3,000 Startups
- Between 2017 and 2023, LAC’s fintech ecosystem recorded 340% growth. - Brazil, Mexico and Colombia account for 57% of total companies. - Fintechs strengthen their position in the payments segment. BOGOTA – The fintech ecosystem registered growth of more than 340% in the number of technological finance startups created in the last six years, going from 703 companies in 18 countries in 2017, to 3,069 in 26 countries in 2023, according to the fourth report of the Fintech in Latin America and the Caribbean series (available in Spanish). The joint study by the Inter-American Development Bank (IDB
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