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MercoPress, en Español

Montevideo, November 21st 2024 - 19:46 UTC

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

  • Thursday, November 21st 2024 - 09:44 UTC

    Argentina gets IDB and WB loans

    These announcements are linked to Economy Minister Luis Toto Caputo's participation last month in Washington at the WB annual meeting, it was reported

    Argentina's Libertarian Government has been granted loans from the World Bank (WB) and the Inter-American Development Bank (IDB) worth around US$ 4 billion, the Economy Ministry in Buenos Aires announced Wednesday. “The IDB and the World Bank approve financing for more than 4 billion dollars for projects in our country,” the ministry said in a statement.

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  • Tuesday, February 27th 2024 - 10:50 UTC

    Caribbean countries: a big player in many crucial areas, IDB says

    The region’s experience, expertise, resilience, and leading role in climate preparedness is an example for the world,” Goldfajn said

    The Inter-American Development Bank (IDB) Group concluded after its XII Annual Consultation meeting with Governors of IDB Caribbean members on Feb. 23 and 24 in Georgetown that the Caribbean might be small in size but is nonetheless a “big player” in many crucial areas, it was reported from the Guyanese capital.

  • Friday, October 15th 2021 - 09:20 UTC

    IDB 2022 Annual Assembly to be held in Uruguayan resort of Punta del Este

    Minister Arbeleche is to chair the IDB's Board of Directors

    The Inter-American Development Bank (IDB) will hold its 2022 annual meeting of governors between March 17 and 20, 2022 at the most exclusive Uruguayan beach resort of Punta del Este, it was announced this week in Washington DC.

  • Friday, November 2nd 2018 - 09:03 UTC

    Multilateral banks provide Argentina three loans totaling US$ 1.8 billion

    Support focused on the most vulnerable sectors, comes at a crucial moment, and is a clear sign of confidence, said Nicolas Dujovne, Argentina's minister of finance

    The World Bank and the Inter-American Development Bank are providing Argentina with three loans totaling more than US$1.8 billion, aiming to help the country cope with financial difficulties and support citizens most at risk.

  • 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.

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