IDB Approved Billions for Caribbean Projects in 2016

The Inter-American Development Bank (IDB) says it had provided US$11.7 billion for various projects in Latin America and the Caribbean in 2016. The Washington-based financial institution said funds were also provided by its subsidiary Inter-American Investment Corporation (IIC). “Between the IDB and the IIC, disbursements exceeded US$9.6 billion during the year, confirming the IDB Group’sContinue reading “IDB Approved Billions for Caribbean Projects in 2016”

IDB Approves US$100mn Loan for Chile’s Sustainable Energy Sector

The Inter-American Development Bank (IDB) approved a US$100mn loan to the government of Chile to finance a sustainable energy program. Objectives of the program include simplifying the rate structures and processes of natural monopolies; fomenting competition in the generation and transmission segment; and promoting the development of renewables and energy efficiency, IDB said in aContinue reading “IDB Approves US$100mn Loan for Chile’s Sustainable Energy Sector”

IDB Backs Paraguay Agriculture, Economic Program

Paraguay will improve the competitiveness of its farm and livestock sector and its economic integration, particularly in the east of the country, with a road upgrade and conservation project backed by a $90 million loan approved by the Inter-American Development Bank (IDB). The beneficiaries will be users of the highway grid, especially small- and medium-sizeContinue reading “IDB Backs Paraguay Agriculture, Economic Program”

Agreement Between BNDES and IDB foresees US $ 2.4 Billion for Infrastructure

Investment Resources can be used to finance sustainable energy sectors and in micro and small enterprise projects The National Bank for Economic and Social Development (BNDES) approved this week a US $ 750 million loan for the Sustainable Energy Finance Program. The project focuses on increasing alternative renewable energy participation –  wind, solar and biomass –  the Brazilian energyContinue reading “Agreement Between BNDES and IDB foresees US $ 2.4 Billion for Infrastructure”