Tag: IDB

• Tuesday, October 25th 2011 - 03:53 UTC

  Latam should turn to Korea for trade and investment, suggests IDB

  

  A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.

• Monday, October 10th 2011 - 07:58 UTC

  Paris Club group lays out terms for Argentina to repay defaulted debt

  

  Members of the Paris Club group of creditors want Argentina to repay an estimated 9 billion dollars in defaulted debt within three years and to make a big initial payment, Buenos Aires newspaper La Nacion reported over the weekend.

• Sunday, October 9th 2011 - 09:40 UTC

  IDB has 3bn dollars reserve fund in the event of a major global crisis

  

  The Inter American Development Bank, IDB, has a special reserve for emergency loans of 3 billion dollars “in the event of a major global financial crisis”, said Roberto Vellutini, IDB Vice-president following meetings in Paraguay.

• Thursday, September 29th 2011 - 16:17 UTC

  US decision to vote against loans for Argentina “will not affect funding for 2012”

  

  Washington's decision to vote against loans for Argentina from multilateral development banks “will not affect the country's funding for 2012”, an Argentine government source said on Wednesday.

• Thursday, September 29th 2011 - 00:12 UTC

  US will vote against loans to Argentina in World Bank and IDB

  

  The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations.

• Wednesday, August 3rd 2011 - 22:06 UTC

  IDB approves a financial support plan of 1.8 billion dollars for Uruguay

  

  The Inter American Development Bank, IDB, approved this week a new country ambitious strategy with Uruguay with a financial plan for the period 2010–2015 of up to 1.8 billion dollars of for sovereign-guaranteed loans.

• Wednesday, August 3rd 2011 - 22:02 UTC

  Uruguay’s second pulp project receives 200 million loan from IDB

  

  The Inter-American Development Bank (IDB) approved a 200 million dollars loan for Uruguay’s second major pulp mill investment, Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A., belonging to the Montes del Plata Group.

• Saturday, May 28th 2011 - 08:12 UTC

  IADB credits to Argentina this year will total 1.3 billion USD

  

  The Inter-American Development Bank, IADB, will lend Argentina 1.3 billion US dollars this year, the bulk of which will be used for infrastructure projects, such as expanded roadways and sewage systems as well as a plan to improve neighbourhood conditions, announced president Luis Alberto Moreno.

• Monday, May 9th 2011 - 06:09 UTC

  IDB opens discussion on food prices shock, inflation and protecting the urban poor

  

  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 the Inter-American Development Bank, (IDB).

• Monday, May 9th 2011 - 06:07 UTC

  Latam development bank plans more flexible loans tailored to countries needs

  

  The Inter-American Development Bank (IDB) announced the approval of a Flexible Financing Facility (FFF) that will enable Latin American and Caribbean countries to tailor loan terms and conditions to suit their individual needs, as well as to use hedges to manage interest rate and currency risks associated with their IDB debt.