Tag: Inter American Development bank (IDB)

• Friday, July 1st 2016 - 08:30 UTC

  Pacific Alliance members plan financial integration investing pension funds in infrastructure

  

  The Pacific Alliance must improve integration of financial systems to spur investment in key areas such as infrastructure, finance ministers from the four member nations said on Thursday. The group, composed of Colombia, Mexico, Chile, and Peru, has already reached several accords in areas such as free commerce and immigration rules, but admitted that significant opportunities for integration remained.

• Monday, April 11th 2016 - 05:46 UTC

  Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

  

  Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday.

• Tuesday, December 15th 2015 - 07:51 UTC

  Latin American exports fall for third year running and 2016 prospects are not encouraging

  

  Exports from Latin America and the Caribbean will drop about 14% in 2015 due to a steep decline in prices and weak demand for the region’s main exports from key trading partners, according to a new report from the Inter-American Development Bank (IDB).

• Thursday, December 3rd 2015 - 07:48 UTC

  Argentina will have a state of the art fisheries research vessel in 2017

  

  Argentina's Fisheries Research and Development Institute, INIDEP, has signed the contract for the construction of a new fisheries and oceanographic research vessel to be built at the Armon shipyard in Vigo, Spain. The financing for the vessel and refurbishing of INIDEP's offices and labs comes from the Inter-American Development bank with a 30m dollars loan.

• Thursday, July 23rd 2015 - 07:24 UTC

  Over half of Argentina households belong to the middle class; only second to Uruguay

  

  Argentina is the Latin American country where the middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States.

• Thursday, July 2nd 2015 - 06:37 UTC

  Pacific Alliance summit takes off in Peru with business conferences

  

  The Xth summit of the Pacific Alliance took off on Wednesday with the attendance of presidents from Chile, Colombia, Mexico and Peru at the Peruvian sea-side resort of Paracas.

• Wednesday, May 13th 2015 - 08:37 UTC

  IDB 216m dollars loan for Uruguay to support construction of wind farms

  

  The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.

• Wednesday, May 13th 2015 - 08:21 UTC

  Latam to debate controversial issue: 'post Washington Consensus' industrial policies

  

  The Inter American Development Bank, IDB, has organized a seminar to discuss industrial policies in Latin America and the Caribbean in a post Washington-Consensus framework. Anemic economic growth in the region is in need of policy shot in the arm.

• Wednesday, April 1st 2015 - 06:21 UTC

  Fiscal imbalances and higher financial risks ahead for Latin America warns IDB

  

  Most Latin American and Caribbean countries need to make budget adjustments in the face of rising fiscal imbalances and higher financial risks, according to the Inter-American Development Bank’s annual macroeconomic report issued this week.

• Tuesday, January 6th 2015 - 06:58 UTC

  Optimistic forecast for Latin America: 2.2% growth in 2015, up from 1.3% in 2014

  

  Latin America and the Caribbean's economic growth might recover modestly to 2.2% in 2015, up from 1.3% in 2014, its lowest rate since last decade's global financial crisis. Despite the slowdown, the region has managed to maintain its gains against poverty, said Inter-American Development Bank President Luis Alberto Moreno.