MercoPress, en Español

Montevideo, October 17th 2018 - 20:36 UTC

Tag: Inter-American Development Bank’s (IDB)

  • Monday, May 14th 2018 - 08:27 UTC

    UK sponsors seminar on “Innovation in the lithium supply chain” at Chile's Mining Fair

    David Gardner, Director of the Department for International Trade at the British Embassy Santiago.

    The British Embassy in Santiago and the Infrastructure and Energy Sector at the Inter-American Development Bank (IDB) organized during Chile's Expomin 2018 Mining Fair the international seminar, “Innovation in the lithium supply chain. Views from Latin America and the United Kingdom”. Britain participated with a pavilion at Expomin, which is the largest mining exhibition in the Latin-American region.

  • Monday, February 6th 2017 - 22:42 UTC

    Crime and violence cost Latin America and the Caribbean 3.55% of GDP

    The region accounts for 9% of the world’s population but contributes nearly one-third of its homicide victims, making it the most violent region outside of war zones.

    A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at US$261 billion or 3.55% of GDP, roughly what the region invests on infrastructure and double the average cost for developed countries. It is also the equivalent income for 30% of the poorest population, underscoring the grave development impact violence has on the region.

  • Tuesday, December 13th 2016 - 08:49 UTC

    First loan for an Andes tunnel to connect Argentina with Chile as part of Mercosur road net

    The new Agua Negra tunnel will be 13.9kms long and stand at an altitude of 3,620 to 4,085 meters above sea level, at an estimated cost of US$ 1.5bn

    The Inter-American Development Bank (IDB) has approved a US$40 million loan that will allow for bidding to begin for the Agua Negra tunnel, which will connect San Juan province in Argentina with that of Coquimbo in Chile. The tunnel is key to improving trade integration between the two countries and the rest of Mercosur through a new corridor that will connect the Atlantic and the Pacific from Porto Alegre, Brazil, west to Coquimbo, Chile.

  • Friday, November 18th 2016 - 11:47 UTC

    Uruguay with IDB support plans to invest US$600 million in rural roads network

    A US$300 million credit line for investment projects will boost agricultural production by improving the rural roads network

    Uruguay plans to improve the rural roads network of the 18 department governments with support from two credit lines for an investment project totalling US$600 million with two initial loans completing US$150 million from the Inter-American Development Bank (IDB). The funds will support the implementation of rural roads construction in agriculture production areas, and will also be geared to improve and strengthen fiscal management and services at the departmental government level.

  • Friday, January 22nd 2016 - 04:15 UTC

    US announced support for Argentina at multilateral development banks

    Treasury Secretary Lew informed Argentine Finance Minister Prat-Gay of the US change of position during their meeting in Davos

    The United States is ending its policy of opposing most lending to Argentina from multilateral development banks, the US Treasury Department announced. US Treasury Secretary Jack Lew informed Argentine Finance Minister Alfonso Prat-Gay of the move on Thursday when the two met in Davos, Switzerland, the department said in a statement.

  • Saturday, December 19th 2015 - 06:18 UTC

    Argentina's foreign exchange market slowly adapting to new rules with no major surprises

    Foreign exchange houses were  adjusting their systems to comply with new rules so not all Buenos Aires brokers were yet available to meet clients' demands.

    The US dollar in Argentina's foreign exchange market plunged on Friday 35 cents to 13.60 Pesos on the second day since President Mauricio Macri's administration decided to put an end to official restrictions for the purchase of greenbacks and other dealings with foreign currency.

  • Wednesday, May 13th 2015 - 08:14 UTC

    Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

    “Remittances remain an important source of income for millions of families in Latin America and the Caribbean,” said IMF Fernando Jimenez-Ontiveros

    Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.

  • Friday, October 3rd 2014 - 07:23 UTC

    Argentina: Vanoli meets Cristina Fernandez and begins working at the central bank

    Capitanich said that Vanoli has to “set clear conditions for exchange rate policy and monetary stability” as well as the regulation of the financial institutions

    In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met on Thursday President Cristina Fernandez and Economy Minister Axel Kicillof in Olivos.

  • Tuesday, August 5th 2014 - 06:21 UTC

    IDB finances photovoltaic solar energy project for private sector in Uruguay

    With a total installed capacity of 64.8MW, the plant will be part of the La Jacinta Solar Energy Project located in northwest Uruguay

    The Inter-American Development Bank (IDB) has approved a 40.9 million dollars loan from its ordinary capital and 25 million from the Canada Climate Fund, which is administered by the Bank, to finance the private sector in Uruguay in the construction, operation and maintenance of a photovoltaic solar energy plant and its related facilities.

  • Monday, April 7th 2014 - 21:24 UTC

    Latam and Caribbean migrants remittances total over 60bn dollars annually

    But channeling remittances into the formal financial system remains a challenge

    A new study by the Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) and the Inter-American Dialogue has shed light on the financial behavior of Latin American and Caribbean migrants, finding that there is need for formal savings products for remittance clients.