November 5, 2021 INTERNATIONAL INSTITUTIONS SIGNED AN IDB LED JOINT-STATEMENT AT COP26 AND ANNOUNCE PLAN TO MAINSTREAM NATURE INTO POLICIES, ANALYSIS, AND INVESTMENTS Multilateral Development Banks (MDBs) led by the…
Category: INTERNATIONAL AGENCIES
IDB Launches Plan of Action to Fully Align Operations with Paris Agreement by 2023
November 5, 2021 ALIGNMENT WILL HELP 26 BORROWING MEMBER COUNTRIES MEET THEIR OWN COMMITMENTS TO COMBAT CLIMATE CHANGE The Inter-American Development Bank (IDB) today announced that its loans and projects will be fully aligned with the Paris climate…
IDB Invest Promotes Green Construction, Mobility with Guatemala’s Banco Agromercantil
November 5, 2021 IDB Invest, a member of the IDB Group, is providing a $70 million loan to Banco Agromercantil (Bam), a subsidiary of Grupo Bancolombia in Guatemala, to strengthen…
IDB Invest Issues First Blue Bond in Latin America and the Caribbean
November 5, 2021 IDB Invest announces the issuance of a 50 million Australian dollar, 10-year fixed rate bond, the first blue bond in Latin America and the Caribbean. The announcement…
Haiti will invest in productive infrastructure with IDB’s support
November 5, 2021 THE IDB APPROVED $65 MILLION OF NON-REIMBURSABLE FINANCING FOR THE EXPANSION OF THE CARACOL INDUSTRIAL PARK (CIP), IN THE NORTH OF THE COUNTRY The Inter-American Development Bank…
CDB Proposes a Resilience-Adjusted Measure for Small Island Developing Economies (SIDS) to Access Concessional Finance
November 5, 2021 The Caribbean Development Bank (CDB) has proposed a resilience-adjusted Gross National Income (GNI) measure for Small Island Developing States (SIDS) to access concessional finance. Termed the Recovery Duration…
CDB Joins with World’s MDBs in Global Pledge ‘Nature, People and Planet’
November 5, 2021 The Caribbean Development Bank today joined with the world’s other Multilateral Development Banks (MDBs) in a global pledge to further mainstream nature across its policies and operations,…
Regional Central Banks continue to fight against Inflation amidst Pandemic
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com November 2, 2021 Inflation continues to be a major grappling point for Caribbean Economies even as it factors in the effects of the COVID19 Pandemic. No…
IMF Executive Board Concludes 2021 Article IV Consultation with St. Kitts and Nevis
November 2, 2021 On September 13, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with St. Kitts and Nevis. St. Kitts and Nevis entered the…
CDB to propose vulnerability, resilience framework to address the economic, social, environmental realities of Small Island Developing States (SIDS)
November 2, 2021 The Caribbean Development Bank (CDB) will propose the Recovery Duration Adjuster (RDA), a vulnerability and resilience framework, which better reflects the economic, social, and environmental conditions of…
St Lucian as CARICOM’s new Deputy Secretary-General!
November 2, 2021 Dr Armstrong Alexis of Saint Lucia has been appointed as the new Deputy Secretary-General of the Caribbean Community (CARICOM). Dr Alexis takes up his post from 1…
Startups and Investors from Latin America and the Caribbean Gathered at IDB Lab Forum
October 29, 2021 THE INTER-AMERICAN DEVELOPMENT BANK GROUP’S FLAGSHIP EVENT ENDED AFTER THREE DAYS OF PANELS ON INNOVATIVE ENTREPRENEURSHIP AND ITS ROLE IN THE REGION’S POST-PANDEMIC RECOVERY. Innovative entrepreneurship and…