The Trump administration announced it plans to nominate the top White House official for Latin America to lead the Inter-American Development Bank, aiming to break a six-decade tradition of choosing the bank's leadership from candidates in that region.
Brazil plans to push for its own candidate to lead the Inter-American Development Bank, vying with Argentina for the regional lender’s top job, as President Jair Bolsonaro seeks to capitalize on the political alliance with his U.S. counterpart Donald Trump.
The Inter-American Development Bank and the Inter-American Investment Corporation wrapped up the annual meeting of their Boards of Governors after reaching an agreement to replenish the Multilateral Investment Fund (MIF), the IDB Group’s innovation lab.
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.
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.
According to preliminary data, in 2013 the Inter-American Development Bank, IDB, approved 167 financing packages worth some 14 billion dollars, a figure surpassed only by that of 2009, when the Bank´s financing hit a 15.9bn in response to the global economic crisis.
The commodities-exporting economies of Latin America will continue expanding in the years ahead, driven by demand from China despite slower growth in its economy, Nobel Prize-winning economist Joseph Stiglitz said during a conference round in Uruguay.
China will provide up top 2 billion dollars for an Inter American Development Bank (IDB) fund, in support of projects for the public and private sector that promoted sustainable growth in the region.
As world leaders were arriving at Caracas late Thursday for Friday’s funeral ceremony of President Hugo Chavez, Argentine president Cristina Fernandez and her delegation were back in Buenos Aires. The Argentine president visited the Military Hospital’s chapel Thursday noon for a final goodbye to the Venezuelan leader and then ordered the flight back to Buenos Aires.
By R. Viswanathan (*) - During the sixth China - Latin America Business summit in Hangzhou in October 17-18, the Inter American Development Bank (BID) brought out a report on Latin American investment in China.